Guyasuta Investment Advisors Inc. decreased its stake in H. B. Fuller Company (NYSE:FUL) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,170 shares of the specialty chemicals company’s stock after selling 2,930 shares during the period. Guyasuta Investment Advisors Inc. owned approximately 0.08% of H. B. Fuller worth $2,274,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of FUL. Janus Henderson Group PLC purchased a new position in H. B. Fuller in the second quarter valued at about $105,912,000. Principal Financial Group Inc. boosted its holdings in 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 valued at $49,980,000 after purchasing an additional 572,177 shares during the last quarter. Pioneer Investment Management Inc. acquired a new stake in H. B. Fuller during the second quarter valued at approximately $11,091,000. Westfield Capital Management Co. LP acquired a new stake in H. B. Fuller during the second quarter valued at approximately $10,338,000. Finally, Royal Bank of Canada raised its stake in H. B. Fuller by 23.8% during the second quarter. Royal Bank of Canada now owns 750,504 shares of the specialty chemicals company’s stock valued at $38,358,000 after buying an additional 144,229 shares in the last quarter. 88.95% of the stock is owned by institutional investors.
In other news, VP Timothy J. Keenan sold 6,500 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $55.08, for a total transaction of $358,020.00. Following the sale, the vice president now directly owns 29,611 shares in the company, valued at approximately $1,630,973.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert J. Martsching sold 3,870 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $57.93, for a total value of $224,189.10. The disclosure for this sale can be found here. Insiders have sold a total of 15,767 shares of company stock worth $897,394 over the last quarter. Insiders own 3.10% of the company’s stock.
H. B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). The firm had revenue of $562.87 million for the quarter, compared to analyst estimates of $553.66 million. H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%. research analysts anticipate that H. B. Fuller Company will post 2.6 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 2nd. Stockholders of record on Thursday, October 19th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Wednesday, October 18th. H. B. Fuller’s payout ratio is 29.41%.
Several analysts have issued reports on the company. Zacks Investment Research upgraded H. B. Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Citigroup Inc. cut H. B. Fuller from a “buy” rating to a “neutral” rating and set a $60.00 price objective on the stock. in a research note on Tuesday, October 31st. Robert W. Baird assumed coverage on H. B. Fuller in a research note on Thursday, September 14th. They set a “neutral” rating and a $60.00 price objective on the stock. ValuEngine cut H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Deutsche Bank AG upped 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. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The company has an average rating of “Hold” and an average price target of $57.60.
H. B. Fuller 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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