H.B. Fuller (NYSE:FUL) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of H.B. Fuller (NYSE:FUL) by 1.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,258,752 shares of the specialty chemicals company’s stock after purchasing an additional 18,734 shares during the period. Geode Capital Management LLC owned about 2.30% of H.B. Fuller worth $99,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of H.B. Fuller by 8.1% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock valued at $5,491,000 after buying an additional 5,356 shares during the period. New York State Teachers Retirement System raised its position in H.B. Fuller by 3.1% during the second quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company’s stock valued at $6,799,000 after acquiring an additional 2,694 shares in the last quarter. S&CO Inc. lifted its holdings in H.B. Fuller by 0.3% in the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after acquiring an additional 920 shares during the period. Marshall Wace LLP boosted its position in H.B. Fuller by 9.9% in the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock worth $22,319,000 after purchasing an additional 26,239 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of H.B. Fuller by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company’s stock worth $40,460,000 after purchasing an additional 7,292 shares during the period. 95.93% of the stock is owned by hedge funds and other institutional investors.

H.B. Fuller Trading Down 3.0 %

Shares of NYSE:FUL opened at $69.81 on Thursday. The business’s 50 day moving average price is $75.87 and its 200-day moving average price is $78.67. H.B. Fuller has a 1 year low of $69.34 and a 1 year high of $87.67. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 1.25 and a beta of 1.41. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.16.

H.B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.10). H.B. Fuller had a net margin of 5.15% and a return on equity of 13.39%. The company had revenue of $917.93 million during the quarter, compared to analyst estimates of $944.04 million. During the same quarter last year, the business earned $1.06 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts forecast that H.B. Fuller will post 4.17 earnings per share for the current fiscal year.

H.B. Fuller Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were issued a dividend of $0.2225 per share. The ex-dividend date was Thursday, October 17th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.27%. H.B. Fuller’s payout ratio is currently 27.47%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup decreased their target price on shares of H.B. Fuller from $85.00 to $78.00 and set a “neutral” rating for the company in a research note on Wednesday. StockNews.com downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, H.B. Fuller presently has a consensus rating of “Hold” and a consensus target price of $92.75.

H.B. Fuller Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.