FMR LLC boosted its stake in shares of HB Fuller Co (NYSE:FUL) by 27.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 786,053 shares of the specialty chemicals company’s stock after buying an additional 169,053 shares during the period. FMR LLC owned 1.57% of HB Fuller worth $37,974,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Martingale Asset Management L P boosted its position in shares of HB Fuller by 30.3% in the fourth quarter. Martingale Asset Management L P now owns 14,621 shares of the specialty chemicals company’s stock valued at $707,000 after buying an additional 3,400 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of HB Fuller by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,924,186 shares of the specialty chemicals company’s stock valued at $92,958,000 after buying an additional 74,558 shares during the last quarter. Comerica Bank boosted its position in shares of HB Fuller by 10.7% in the fourth quarter. Comerica Bank now owns 254,857 shares of the specialty chemicals company’s stock valued at $12,794,000 after buying an additional 24,608 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of HB Fuller by 8.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 124,485 shares of the specialty chemicals company’s stock valued at $6,014,000 after buying an additional 9,897 shares during the last quarter. Finally, Mairs & Power INC boosted its position in HB Fuller by 0.4% in the third quarter. Mairs & Power INC now owns 3,540,296 shares of the specialty chemicals company’s stock worth $164,518,000 after buying an additional 13,770 shares during the last quarter. 89.89% of the stock is currently owned by hedge funds and other institutional investors.
HB Fuller Co (NYSE:FUL) traded down 0.08% during mid-day trading on Friday, hitting $50.69. 150,266 shares of the company’s stock were exchanged. HB Fuller Co has a 12 month low of $41.52 and a 12 month high of $54.32. The stock’s 50 day moving average price is $50.66 and its 200-day moving average price is $48.35. The stock has a market cap of $2.56 billion, a PE ratio of 21.68 and a beta of 1.66.
HB Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, March 29th. The specialty chemicals company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $503.32 million for the quarter, compared to analyst estimates of $485.17 million. HB Fuller had a net margin of 5.93% and a return on equity of 13.71%. During the same period in the previous year, the firm earned $0.43 EPS. Equities analysts expect that HB Fuller Co will post $2.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 4th. Investors of record on Thursday, April 20th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.18%. This is an increase from HB Fuller’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, April 18th. HB Fuller’s dividend payout ratio is 23.14%.
Several equities research analysts have issued reports on FUL shares. Zacks Investment Research downgraded shares of HB Fuller from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 25th. Citigroup Inc raised their price objective on shares of HB Fuller from $55.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, April 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $52.40.
In other news, VP Traci L. Jensen sold 4,144 shares of the stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $49.90, for a total value of $206,785.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paula M. Cooney sold 843 shares of the company’s stock in a transaction that occurred on Friday, April 7th. The stock was sold at an average price of $50.53, for a total value of $42,596.79. Following the sale, the vice president now owns 7,014 shares of the company’s stock, valued at approximately $354,417.42. The disclosure for this sale can be found here. Insiders sold 34,132 shares of company stock valued at $1,705,760 over the last ninety days. 3.55% of the stock is currently owned by corporate insiders.
About HB Fuller
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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