Bank of New York Mellon Corp Lowers Stock Position in H. B. Fuller Company $FUL

Bank of New York Mellon Corp lessened its position in shares of H. B. Fuller Company (NYSE:FUL) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 499,331 shares of the specialty chemicals company’s stock after selling 13,940 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.92% of H. B. Fuller worth $30,799,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in H. B. Fuller by 50.1% during the fourth quarter. Allworth Financial LP now owns 578 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 193 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in H. B. Fuller by 432.9% in the 4th quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 632 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in H. B. Fuller during the 4th quarter worth approximately $46,000. Torren Management LLC purchased a new stake in H. B. Fuller during the 4th quarter worth approximately $52,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in H. B. Fuller during the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 95.93% of the company’s stock.

H. B. Fuller Price Performance

NYSE:FUL opened at $55.56 on Monday. The stock’s fifty day moving average is $59.77 and its two-hundred day moving average is $60.85. 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 company has a market capitalization of $2.99 billion, a P/E ratio of 17.04, a P/E/G ratio of 0.60 and a beta of 0.98. H. B. Fuller Company has a 52 week low of $48.71 and a 52 week high of $68.63.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $950.27 million for the quarter, compared to analyst estimates of $924.83 million. During the same period in the previous year, the firm earned $1.18 EPS. H. B. Fuller’s revenue was up 5.8% on a year-over-year basis. Equities analysts expect that H. B. Fuller Company will post 4.87 EPS for the current year.

H. B. Fuller Announces Dividend

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

Analyst Ratings Changes

FUL has been the subject of several research reports. Wall Street Zen cut H. B. Fuller from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a report on Tuesday, June 30th. The Goldman Sachs Group set a $67.00 target price on shares of H. B. Fuller in a research note on Friday, June 26th. UBS Group set a $69.00 target price on shares of H. B. Fuller in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. upgraded shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and increased their target price for the company from $58.00 to $67.00 in a research report on Friday, June 26th. One equities research 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, the stock 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.