Fifth Third Bancorp Has $957,000 Stock Position in H. B. Fuller Company $FUL

Fifth Third Bancorp increased its holdings in shares of H. B. Fuller Company (NYSE:FUL) by 3,222.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,518 shares of the specialty chemicals company’s stock after buying an additional 15,051 shares during the quarter. Fifth Third Bancorp’s holdings in H. B. Fuller were worth $957,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of H. B. Fuller in the fourth quarter worth about $44,203,000. UBS Group AG increased its position in H. B. Fuller by 200.8% during the 3rd quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company’s stock worth $48,661,000 after purchasing an additional 548,017 shares in the last quarter. Verition Fund Management LLC lifted its stake in H. B. Fuller by 1,379.5% in the 4th quarter. Verition Fund Management LLC now owns 383,955 shares of the specialty chemicals company’s stock valued at $22,830,000 after purchasing an additional 358,003 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in H. B. Fuller by 52.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 820,255 shares of the specialty chemicals company’s stock valued at $48,772,000 after purchasing an additional 281,707 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its position in H. B. Fuller by 38.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 771,058 shares of the specialty chemicals company’s stock valued at $45,847,000 after buying an additional 215,181 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Trading Down 0.2%

Shares of FUL stock opened at $55.56 on Monday. H. B. Fuller Company has a 1-year low of $48.71 and a 1-year high of $68.63. The company has a current ratio of 1.80, a quick ratio of 1.12 and a debt-to-equity ratio of 1.00. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 0.60 and a beta of 0.98. The stock has a 50-day moving average of $59.77 and a 200-day moving average of $60.85.

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

H. B. Fuller Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be given a dividend of $0.245 per share. The ex-dividend date is Thursday, July 30th. This represents a $0.98 annualized dividend and a dividend yield of 1.8%. H. B. Fuller’s dividend payout ratio is 30.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen cut H. B. Fuller from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Citigroup upped their target price on H. B. Fuller from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft increased their target price on H. B. Fuller from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. UBS Group set a $69.00 price target on H. B. Fuller in a research note on Friday, June 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.86.

H. B. Fuller 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.