Vanguard Group Inc. increased its stake in H. B. Fuller Company (NYSE:FUL) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,108,535 shares of the specialty chemicals company’s stock after purchasing an additional 53,030 shares during the period. Vanguard Group Inc. owned approximately 10.11% of H. B. Fuller worth $261,098,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of H. B. Fuller by 36.3% in the first quarter. Bank of America Corp DE now owns 189,510 shares of the specialty chemicals company’s stock worth $9,771,000 after purchasing an additional 50,441 shares during the period. Principal Financial Group Inc. increased its position in shares of H. B. Fuller by 141.0% in the second quarter. Principal Financial Group Inc. now owns 977,899 shares of the specialty chemicals company’s stock worth $49,980,000 after purchasing an additional 572,177 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of H. B. Fuller in the second quarter worth $10,338,000. Prudential Financial Inc. increased its position in shares of H. B. Fuller by 0.9% in the first quarter. Prudential Financial Inc. now owns 98,668 shares of the specialty chemicals company’s stock worth $5,087,000 after purchasing an additional 870 shares during the period. Finally, BlackRock Inc. increased its position in shares of H. B. Fuller by 10,635.2% in the first quarter. BlackRock Inc. now owns 6,217,806 shares of the specialty chemicals company’s stock worth $320,590,000 after purchasing an additional 6,159,886 shares during the period. Institutional investors own 92.74% of the company’s stock.
Several analysts recently weighed in on the company. KeyCorp reaffirmed a “hold” rating on shares of H. B. Fuller in a research note on Thursday, August 24th. Deutsche Bank AG raised their price objective on H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, September 6th. Zacks Investment Research lowered H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Robert W. Baird assumed coverage on H. B. Fuller in a research note on Thursday, September 14th. They issued a “neutral” rating and a $60.00 price objective on the stock. Finally, BidaskClub lowered H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $57.40.
In related news, VP Traci L. Jensen sold 5,397 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $58.40, for a total transaction of $315,184.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.10% of the company’s stock.
Shares of H. B. Fuller Company (NYSE FUL) opened at 57.15 on Friday. H. B. Fuller Company has a 52 week low of $41.52 and a 52 week high of $58.74. The stock’s 50 day moving average price is $54.93 and its 200-day moving average price is $52.30. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 28.03 and a beta of 1.72.
H. B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.02). The company had revenue of $562.87 million for the quarter, compared to analysts’ expectations of $553.66 million. H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%. Equities analysts predict that H. B. Fuller Company will post $2.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 2nd. Investors of record on Thursday, October 19th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.05%. The ex-dividend date is Wednesday, October 18th. H. B. Fuller’s dividend payout ratio is presently 29.41%.
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H. B. Fuller Company Profile
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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