Federated Hermes Inc. Buys New Shares in H. B. Fuller Company $FUL

Federated Hermes Inc. bought a new position in shares of H. B. Fuller Company (NYSE:FUL) during the 3rd quarter, Holdings Channel.com reports. The firm bought 14,221 shares of the specialty chemicals company’s stock, valued at approximately $843,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new position in shares of H. B. Fuller during the 3rd quarter worth about $28,000. Covestor Ltd increased its position in H. B. Fuller by 22,833.3% during the third quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 685 shares during the last quarter. AdvisorNet Financial Inc increased its position in H. B. Fuller by 160.8% during the third quarter. AdvisorNet Financial Inc now owns 845 shares of the specialty chemicals company’s stock worth $50,000 after purchasing an additional 521 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in H. B. Fuller by 129.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company’s stock worth $73,000 after purchasing an additional 688 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of H. B. Fuller by 44.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,307 shares of the specialty chemicals company’s stock valued at $81,000 after purchasing an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

H. B. Fuller Stock Performance

H. B. Fuller stock opened at $66.12 on Friday. The firm has a market capitalization of $3.59 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 0.98 and a beta of 1.10. H. B. Fuller Company has a one year low of $47.56 and a one year high of $67.29. The stock’s 50 day moving average price is $60.90 and its 200 day moving average price is $59.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. The company had revenue of $894.79 million for the quarter, compared to analyst estimates of $901.34 million. During the same quarter last year, the firm posted $0.92 earnings per share. The business’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, sell-side analysts expect that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be issued a $0.235 dividend. The ex-dividend date is Thursday, February 5th. This represents a $0.94 dividend on an annualized basis and a yield of 1.4%. H. B. Fuller’s payout ratio is currently 31.33%.

Insiders Place Their Bets

In other news, VP Nathan D. Weaver sold 7,075 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $58.38, for a total transaction of $413,038.50. Following the completion of the sale, the vice president directly owned 9,441 shares in the company, valued at $551,165.58. This trade represents a 42.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FUL shares. Wall Street Zen lowered H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Citigroup raised their price objective on H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. Finally, UBS Group set a $66.00 price target on shares of H. B. Fuller in a research report on Friday, January 16th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.75.

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.