Bessemer Group Inc. Raises Position in H. B. Fuller Company $FUL

Bessemer Group Inc. increased its stake in H. B. Fuller Company (NYSE:FUL) by 30.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 130,110 shares of the specialty chemicals company’s stock after purchasing an additional 30,634 shares during the quarter. Bessemer Group Inc. owned approximately 0.24% of H. B. Fuller worth $8,026,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Allworth Financial LP increased its position in H. B. Fuller by 50.1% in the fourth quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 193 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of H. B. Fuller by 432.9% during the 4th quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 632 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of H. B. Fuller during the 4th quarter worth $46,000. Torren Management LLC bought a new position in shares of H. B. Fuller during the 4th quarter worth $52,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in H. B. Fuller in the 3rd quarter worth about $56,000. Hedge funds and other institutional investors own 95.93% of the company’s stock.

H. B. Fuller Trading Up 0.2%

Shares of FUL stock opened at $57.09 on Monday. The business has a 50-day moving average price of $60.16 and a two-hundred day moving average price of $61.00. H. B. Fuller Company has a 12-month low of $48.71 and a 12-month high of $68.63. The company has a quick ratio of 1.12, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. The firm has a market cap of $3.07 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 0.62 and a beta of 0.98.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. H. B. Fuller had a net margin of 5.29% and a return on equity of 12.18%. The company had revenue of $950.27 million during the quarter, compared to analysts’ expectations of $924.83 million. During the same quarter in the prior year, the company earned $1.18 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. Equities analysts anticipate that H. B. Fuller Company will post 4.87 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.98 dividend on an annualized basis and a yield of 1.7%. H. B. Fuller’s dividend payout ratio is presently 30.06%.

Analyst Upgrades and Downgrades

FUL has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of H. B. Fuller from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Citigroup boosted their target price on shares of H. B. Fuller from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Vertical Research upgraded H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. Royal Bank Of Canada set a $58.00 price target on H. B. Fuller in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded H. B. Fuller from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, H. B. Fuller currently has a consensus rating of “Moderate Buy” and an average target price of $67.86.

H. B. Fuller Company Profile

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.