Insider Selling: H.B. Fuller (NYSE:FUL) VP Sells 240 Shares of Stock

H.B. Fuller (NYSE:FUL) VP Xinyu Du sold 240 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $63.73, for a total transaction of $15,295.20. Following the sale, the vice president now directly owns 2,323 shares in the company, valued at approximately $148,044.79. The trade was a 9.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

H.B. Fuller Trading Up 0.1 %

FUL stock traded up $0.07 during trading on Wednesday, hitting $62.95. The company had a trading volume of 262,605 shares, compared to its average volume of 441,862. The stock has a market cap of $3.44 billion, a PE ratio of 27.25, a PEG ratio of 1.18 and a beta of 1.43. The business has a 50-day moving average of $69.00 and a 200-day moving average of $76.03. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. H.B. Fuller has a one year low of $60.96 and a one year high of $87.67.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, January 15th. The specialty chemicals company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The firm had revenue of $923.00 million during the quarter, compared to the consensus estimate of $916.84 million. During the same period in the prior year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Research analysts predict that H.B. Fuller will post 4.07 earnings per share for the current fiscal year.

H.B. Fuller Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be given a $0.2225 dividend. This represents a $0.89 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, February 6th. H.B. Fuller’s dividend payout ratio (DPR) is presently 38.53%.

Analyst Ratings Changes

A number of brokerages have issued reports on FUL. Citigroup lowered their target price on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. Vertical Research downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $75.60.

Institutional Investors Weigh In On H.B. Fuller

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wesbanco Bank Inc. lifted its stake in H.B. Fuller by 41.2% in the fourth quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company’s stock valued at $924,000 after buying an additional 4,000 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of H.B. Fuller by 79.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock valued at $57,952,000 after acquiring an additional 324,056 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of H.B. Fuller by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock valued at $99,939,000 after acquiring an additional 18,734 shares during the period. Finally, S&CO Inc. boosted its stake in H.B. Fuller by 0.3% during the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock worth $21,209,000 after acquiring an additional 920 shares in the last quarter. Institutional investors own 95.93% of the company’s stock.

H.B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.