Tocqueville Asset Management L.P. decreased its position in HB Fuller Co (NYSE:FUL) by 10.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 131,900 shares of the specialty chemicals company’s stock after selling 15,625 shares during the quarter. Tocqueville Asset Management L.P. owned about 0.26% of HB Fuller worth $6,120,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan grew its stake in HB Fuller by 1.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 15,210 shares of the specialty chemicals company’s stock worth $706,000 after buying an additional 260 shares during the last quarter. Pegasus Partners Ltd. bought a new position in shares of HB Fuller in the second quarter worth $656,000. Janney Montgomery Scott LLC grew its stake in shares of HB Fuller by 3.7% in the second quarter. Janney Montgomery Scott LLC now owns 24,571 shares of the specialty chemicals company’s stock worth $1,140,000 after purchasing an additional 870 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of HB Fuller by 15.8% in the second quarter. SG Americas Securities LLC now owns 61,711 shares of the specialty chemicals company’s stock worth $2,863,000 after purchasing an additional 8,437 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of HB Fuller in the second quarter worth $875,000. 98.81% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Timothy J. Keenan sold 7,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $48.82, for a total transaction of $366,150.00. Following the completion of the transaction, the vice president now owns 27,742 shares of the company’s stock, valued at $1,354,364.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.46% of the company’s stock.
Several research analysts have recently issued reports on FUL shares. JPMorgan Chase & Co. decreased their price target on HB Fuller from $51.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. ValuEngine raised HB Fuller from a “sell” rating to a “hold” rating in a research note on Friday, June 28th. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research note on Monday. Finally, TheStreet raised HB Fuller from a “c+” rating to a “b-” rating in a research note on Tuesday, July 23rd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $55.60.
Shares of NYSE:FUL traded down $1.33 on Wednesday, hitting $42.83. The company’s stock had a trading volume of 12,343 shares, compared to its average volume of 379,078. HB Fuller Co has a 12 month low of $39.22 and a 12 month high of $59.58. The firm has a market capitalization of $2.27 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 1.22 and a beta of 1.58. The company’s 50-day moving average price is $46.75. The company has a quick ratio of 1.40, a current ratio of 2.14 and a debt-to-equity ratio of 1.85.
HB Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, June 26th. The specialty chemicals company reported $0.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.01). HB Fuller had a return on equity of 13.38% and a net margin of 4.31%. The business had revenue of $759.60 million during the quarter, compared to the consensus estimate of $779.07 million. During the same period in the previous year, the company posted $0.89 EPS. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities research analysts expect that HB Fuller Co will post 3.16 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, July 30th were paid a dividend of $0.16 per share. The ex-dividend date was Monday, July 29th. This represents a $0.64 annualized dividend and a yield of 1.49%. HB Fuller’s dividend payout ratio is currently 21.33%.
HB Fuller Company Profile
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.
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