Bessemer Group Inc. Acquires 30,634 Shares of H. B. Fuller Company $FUL

Bessemer Group Inc. lifted its holdings in H. B. Fuller Company (NYSE:FUL) by 30.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,110 shares of the specialty chemicals company’s stock after buying an additional 30,634 shares during the quarter. Bessemer Group Inc.’s holdings in H. B. Fuller were worth $8,026,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Norges Bank purchased a new position in shares of H. B. Fuller during the fourth quarter valued at approximately $44,203,000. UBS Group AG grew its stake in shares of H. B. Fuller by 200.8% in the 3rd quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company’s stock worth $48,661,000 after buying an additional 548,017 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of 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 worth $22,830,000 after buying an additional 358,003 shares during the last quarter. Goldman Sachs Group Inc. increased its position in H. B. Fuller by 52.3% during 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 buying an additional 281,707 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its stake in H. B. Fuller by 38.7% during 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 during the last quarter. 95.93% of the stock is currently owned by institutional investors.

H. B. Fuller Price Performance

Shares of NYSE:FUL opened at $57.09 on Monday. H. B. Fuller Company has a fifty-two week low of $48.71 and a fifty-two week high of $68.63. The business has a 50-day simple moving average of $60.16 and a two-hundred day simple moving average of $61.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.80. The firm has a market cap of $3.07 billion, a price-to-earnings 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 results 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. The firm had revenue of $950.27 million for the quarter, compared to the consensus estimate of $924.83 million. H. B. Fuller had a net margin of 5.29% and a return on equity of 12.18%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 EPS. On average, analysts expect that H. B. Fuller Company will post 4.87 earnings per share for the current year.

H. B. Fuller Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors 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 dividend on an annualized basis and a yield of 1.7%. H. B. Fuller’s dividend payout ratio is 30.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FUL shares. Citigroup lifted their price target on H. B. Fuller from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada set a $58.00 price objective on shares of H. B. Fuller in a research note on Wednesday, May 27th. Vertical Research raised shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. JPMorgan Chase & Co. upgraded shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $58.00 to $67.00 in a research note on Friday, June 26th. Finally, Wall Street Zen upgraded shares of H. B. Fuller from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, H. B. Fuller 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.