HB Fuller Co (NYSE:FUL) Stock Holdings Reduced by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its stake in shares of HB Fuller Co (NYSE:FUL) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 567,957 shares of the specialty chemicals company’s stock after selling 8,501 shares during the period. Gamco Investors INC. ET AL’s holdings in HB Fuller were worth $26,353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of HB Fuller by 0.7% during the 1st quarter. BlackRock Inc. now owns 7,550,870 shares of the specialty chemicals company’s stock worth $367,274,000 after purchasing an additional 53,729 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in HB Fuller by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,119,631 shares of the specialty chemicals company’s stock valued at $90,446,000 after acquiring an additional 47,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of HB Fuller by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 532,754 shares of the specialty chemicals company’s stock worth $22,732,000 after buying an additional 48,148 shares in the last quarter. Norges Bank acquired a new position in shares of HB Fuller in the 4th quarter worth approximately $21,034,000. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of HB Fuller by 27.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 292,533 shares of the specialty chemicals company’s stock worth $13,574,000 after buying an additional 62,602 shares in the last quarter. Institutional investors own 98.30% of the company’s stock.

In other HB Fuller news, VP Timothy J. Keenan sold 7,500 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $48.82, for a total transaction of $366,150.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.46% of the company’s stock.

A number of research firms recently commented on FUL. TheStreet upgraded HB Fuller from a “c+” rating to a “b-” rating in a research report on Tuesday, July 23rd. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. cut their price target on HB Fuller from $51.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, June 28th. Finally, ValuEngine raised HB Fuller from a “sell” rating to a “hold” rating in a research note on Friday, June 28th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $55.60.

Shares of NYSE FUL traded up $0.65 during midday trading on Monday, reaching $43.45. The company’s stock had a trading volume of 1,279 shares, compared to its average volume of 330,222. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.40 and a current ratio of 2.14. HB Fuller Co has a fifty-two week low of $39.22 and a fifty-two week high of $59.58. The business’s 50 day moving average price is $46.61 and its two-hundred day moving average price is $47.21. The company has a market cap of $2.13 billion, a P/E ratio of 14.50, a P/E/G ratio of 1.14 and a beta of 1.58.

HB Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, June 26th. The specialty chemicals company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.01). The firm had revenue of $759.60 million for the quarter, compared to analyst estimates of $779.07 million. HB Fuller had a net margin of 4.31% and a return on equity of 13.38%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Sell-side analysts forecast that HB Fuller Co will post 3.16 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, July 30th were paid a $0.16 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.47%. HB Fuller’s dividend payout ratio is 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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Institutional Ownership by Quarter for HB Fuller (NYSE:FUL)

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