H.B. Fuller (NYSE:FUL – Get Rating) – Equities researchers at Seaport Res Ptn issued their Q1 2023 earnings estimates for shares of H.B. Fuller in a research report issued on Wednesday, September 21st. Seaport Res Ptn analyst M. Harrison expects that the specialty chemicals company will earn $0.80 per share for the quarter. The consensus estimate for H.B. Fuller's current full-year earnings is $4.17 per share. Seaport Res Ptn also issued estimates for H.B. Fuller's Q2 2023 earnings at $1.22 EPS, Q3 2023 earnings at $1.18 EPS and Q4 2023 earnings at $1.23 EPS.

A number of other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of H.B. Fuller from $85.00 to $72.00 and set a "buy" rating on the stock in a report on Friday, June 24th. JPMorgan Chase & Co. lowered shares of H.B. Fuller from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $70.00 to $52.00 in a report on Friday, June 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $71.00.

H.B. Fuller Stock Down 1.2 %

H.B. Fuller (NYSE:FUL – Get Rating) last announced its quarterly earnings results on Wednesday, September 21st. The specialty chemicals company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.01. H.B. Fuller had a net margin of 5.33% and a return on equity of 13.89%. The firm had revenue of $941.20 million during the quarter, compared to analysts' expectations of $944.11 million. During the same period in the prior year, the company earned $0.79 EPS. The firm's revenue was up 13.8% on a year-over-year basis.

H.B. Fuller Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 28th. Investors of record on Thursday, July 14th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, July 13th. This represents a $0.76 annualized dividend and a yield of 1.25%. H.B. Fuller's dividend payout ratio (DPR) is 21.29%.

Insider Buying and Selling

In related news, VP Nathan D. Weaver sold 5,988 shares of the stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $62.82, for a total transaction of $376,166.16. Following the sale, the vice president now owns 3,766 shares in the company, valued at $236,580.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Trangsrud Teresa J. Rasmussen bought 1,000 shares of the firm's stock in a transaction on Tuesday, July 5th. The stock was purchased at an average price of $58.20 per share, for a total transaction of $58,200.00. Following the transaction, the director now owns 1,000 shares in the company, valued at $58,200. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nathan D. Weaver sold 5,988 shares of the company's stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $62.82, for a total transaction of $376,166.16. Following the completion of the transaction, the vice president now owns 3,766 shares of the company's stock, valued at approximately $236,580.12. The disclosure for this sale can be found here. 4.69% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FUL. Cooke & Bieler LP grew its position in H.B. Fuller by 12.2% in the 1st quarter. Cooke & Bieler LP now owns 791,093 shares of the specialty chemicals company's stock worth $52,268,000 after purchasing an additional 86,025 shares during the last quarter. Luminus Management LLC boosted its holdings in shares of H.B. Fuller by 109.8% in the second quarter. Luminus Management LLC now owns 107,827 shares of the specialty chemicals company's stock valued at $6,492,000 after acquiring an additional 56,427 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of H.B. Fuller by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 872,252 shares of the specialty chemicals company's stock valued at $70,652,000 after acquiring an additional 41,376 shares in the last quarter. Castleview Partners LLC bought a new position in shares of H.B. Fuller in the fourth quarter valued at approximately $127,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of H.B. Fuller by 55.7% in the first quarter. MetLife Investment Management LLC now owns 27,833 shares of the specialty chemicals company's stock valued at $1,839,000 after acquiring an additional 9,960 shares in the last quarter. Institutional investors own 96.38% of the company's stock.

H.B. Fuller Company Profile

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

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