Coldstream Capital Management Inc. purchased a new position in shares of H. B. Fuller Company (NYSE:FUL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,363 shares of the specialty chemicals company’s stock, valued at approximately $632,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in FUL. BlackRock Inc. grew its position in shares of H. B. Fuller by 10,635.2% during the 1st quarter. BlackRock Inc. now owns 6,217,806 shares of the specialty chemicals company’s stock valued at $320,590,000 after acquiring an additional 6,159,886 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of H. B. Fuller during the 2nd quarter valued at approximately $105,912,000. Janus Capital Management LLC raised its position in shares of H. B. Fuller by 425.6% during the 1st quarter. Janus Capital Management LLC now owns 1,545,716 shares of the specialty chemicals company’s stock valued at $79,697,000 after buying an additional 1,251,620 shares during the period. Champlain Investment Partners LLC raised its position in shares of H. B. Fuller by 53.9% during the 1st quarter. Champlain Investment Partners LLC now owns 1,664,330 shares of the specialty chemicals company’s stock valued at $85,813,000 after buying an additional 582,945 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of H. B. Fuller by 141.0% during the 2nd quarter. Principal Financial Group Inc. now owns 977,899 shares of the specialty chemicals company’s stock valued at $49,980,000 after buying an additional 572,177 shares during the period. 92.74% of the stock is currently owned by institutional investors.
H. B. Fuller Company (FUL) traded up 0.37% during mid-day trading on Tuesday, reaching $57.45. 75,978 shares of the company traded hands. The stock has a 50-day moving average of $54.33 and a 200 day moving average of $52.19. The stock has a market capitalization of $2.89 billion, a PE ratio of 28.18 and a beta of 1.72. H. B. Fuller Company has a 52-week low of $41.52 and a 52-week high of $58.74.
H. B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). The company had revenue of $562.87 million for the quarter, compared to analysts’ expectations 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 expect that H. B. Fuller Company will post $2.59 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 2nd. Shareholders of record on Thursday, October 19th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, October 18th. H. B. Fuller’s dividend payout ratio is currently 29.41%.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of H. B. Fuller from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. BidaskClub lowered shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Robert W. Baird assumed coverage on shares of H. B. Fuller in a research report on Thursday, September 14th. They set a “neutral” rating and a $60.00 price target on the stock. Deutsche Bank AG lifted their price target on shares of H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, September 6th. Finally, KeyCorp reaffirmed a “hold” rating on shares of H. B. Fuller in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $57.40.
In other H. B. Fuller news, VP Traci L. Jensen sold 5,397 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $58.40, for a total transaction of $315,184.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Dietrich J. Crail purchased 970 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were bought at an average cost of $51.41 per share, for a total transaction of $49,867.70. Following the purchase, the vice president now owns 970 shares of the company’s stock, valued at $49,867.70. The disclosure for this purchase can be found here. Company insiders own 3.10% of the company’s stock.
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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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