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

Bank of New York Mellon Corp lowered its holdings in H. B. Fuller Company (NYSE:FUL) by 2.7% in the first quarter, HoldingsChannel reports. 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’s holdings in H. B. Fuller were worth $30,799,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in H. B. Fuller by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,475,448 shares of the specialty chemicals company’s stock worth $147,193,000 after acquiring an additional 61,102 shares during the last quarter. Cooke & Bieler LP grew its position in shares of H. B. Fuller by 13.3% during the fourth quarter. Cooke & Bieler LP now owns 1,677,674 shares of the specialty chemicals company’s stock worth $99,754,000 after acquiring an additional 196,644 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of H. B. Fuller by 5.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,228,068 shares of the specialty chemicals company’s stock valued at $73,021,000 after acquiring an additional 66,686 shares during the period. UBS Group AG increased its holdings in shares of H. B. Fuller by 35.0% in the 4th quarter. UBS Group AG now owns 1,108,261 shares of the specialty chemicals company’s stock valued at $65,897,000 after acquiring an additional 287,390 shares during the period. Finally, Wellington Management Group LLP raised its position in H. B. Fuller by 3.6% in the 3rd quarter. Wellington Management Group LLP now owns 976,005 shares of the specialty chemicals company’s stock valued at $57,858,000 after purchasing an additional 33,522 shares during the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

H. B. Fuller Trading Down 0.2%

Shares of FUL opened at $55.56 on Monday. 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 firm’s 50-day moving average is $59.77 and its two-hundred day moving average is $60.85. H. B. Fuller Company has a twelve month low of $48.71 and a twelve month high of $68.63. The firm has a market capitalization of $2.99 billion, a P/E ratio of 17.04, a PEG ratio of 0.60 and a beta of 0.98.

H. B. Fuller (NYSE:FUL) last issued its 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 company had revenue of $950.27 million during the quarter, compared to analysts’ expectations of $924.83 million. H. B. Fuller had a net margin of 5.29% and a return on equity of 12.18%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $1.18 earnings per share. On average, research analysts predict that H. B. Fuller Company will post 4.87 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The company also recently announced 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. 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 payout ratio is presently 30.06%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FUL shares. Raymond James Financial set a $67.00 price target on H. B. Fuller in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft increased their price objective on H. B. Fuller from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. UBS Group set a $69.00 target price on H. B. Fuller in a report on Friday, June 26th. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a research note on Tuesday, June 30th. Finally, Wall Street Zen cut H. B. Fuller from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One research 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.