Fmr LLC Reduces Stake in H. B. Fuller Company (FUL)

FMR LLC lessened its position in H. B. Fuller Company (NYSE:FUL) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 762,953 shares of the specialty chemicals company’s stock after selling 21,400 shares during the quarter. FMR LLC owned about 1.51% of H. B. Fuller worth $38,995,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in H. B. Fuller during the first quarter worth $442,000. Parametric Portfolio Associates LLC increased its stake in H. B. Fuller by 5.0% during the first quarter. Parametric Portfolio Associates LLC now owns 101,204 shares of the specialty chemicals company’s stock worth $5,218,000 after acquiring an additional 4,818 shares during the last quarter. Prudential Financial Inc. increased its stake in H. B. Fuller by 0.9% during the first quarter. Prudential Financial Inc. now owns 98,668 shares of the specialty chemicals company’s stock worth $5,087,000 after acquiring an additional 870 shares during the last quarter. OppenheimerFunds Inc. increased its stake in H. B. Fuller by 18.4% during the first quarter. OppenheimerFunds Inc. now owns 31,292 shares of the specialty chemicals company’s stock worth $1,613,000 after acquiring an additional 4,871 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in H. B. Fuller by 2.8% during the first quarter. Teachers Advisors LLC now owns 105,023 shares of the specialty chemicals company’s stock worth $5,415,000 after acquiring an additional 2,883 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Shares of H. B. Fuller Company (NYSE:FUL) opened at 57.58 on Friday. The firm’s 50-day moving average price is $56.46 and its 200-day moving average price is $52.70. The stock has a market capitalization of $2.90 billion, a P/E ratio of 28.24 and a beta of 1.72. H. B. Fuller Company has a one year low of $41.52 and a one year high of $58.74.

H. B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.02). The firm had revenue of $562.87 million during the quarter, compared to the consensus estimate of $553.66 million. H. B. Fuller had a return on equity of 13.08% and a net margin of 4.76%. Equities research analysts anticipate that H. B. Fuller Company will post $2.60 EPS for the current fiscal year.

The company 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 $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a $0.60 annualized dividend and a yield of 1.04%. H. B. Fuller’s dividend payout ratio (DPR) is presently 29.41%.

A number of brokerages have recently weighed in on FUL. Zacks Investment Research raised H. B. Fuller from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. BidaskClub cut H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Robert W. Baird began coverage on H. B. Fuller in a research note on Thursday, September 14th. They issued a “neutral” rating and a $60.00 price objective for the company. Deutsche Bank AG lifted 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. Finally, KeyCorp reiterated a “hold” rating on shares of H. B. Fuller in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $57.40.

In related news, VP Traci L. Jensen sold 5,397 shares of H. B. Fuller stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $58.40, for a total value of $315,184.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Robert J. Martsching sold 3,870 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $57.93, for a total transaction of $224,189.10. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

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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.

Institutional Ownership by Quarter for H. B. Fuller (NYSE:FUL)

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