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

Geode Capital Management LLC increased its holdings in shares of H.B. Fuller (NYSE:FUL) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,258,752 shares of the specialty chemicals company’s stock after acquiring an additional 18,734 shares during the quarter. Geode Capital Management LLC’s holdings in H.B. Fuller were worth $99,939,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FUL. S&CO Inc. lifted its stake in H.B. Fuller by 0.3% in the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock worth $21,209,000 after purchasing an additional 920 shares in the last quarter. Marshall Wace LLP lifted its position in H.B. Fuller by 9.9% during the second quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock worth $22,319,000 after buying an additional 26,239 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in H.B. Fuller by 8.1% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock worth $5,491,000 after buying an additional 5,356 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in H.B. Fuller by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company’s stock worth $40,460,000 after buying an additional 7,292 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in H.B. Fuller by 3.1% in the 2nd 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 buying an additional 2,694 shares in the last quarter. 95.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FUL. StockNews.com lowered H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Citigroup reduced their target price on shares of H.B. Fuller from $85.00 to $78.00 and set a “neutral” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, H.B. Fuller presently has an average rating of “Hold” and a consensus price target of $92.75.

H.B. Fuller Stock Performance

Shares of H.B. Fuller stock opened at $69.81 on Thursday. The firm has a market cap of $3.81 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.25 and a beta of 1.41. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. H.B. Fuller has a 52 week low of $69.34 and a 52 week high of $87.67. The business’s fifty day simple moving average is $75.87 and its 200-day simple moving average is $78.67.

H.B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.10). The company had revenue of $917.93 million for the quarter, compared to analysts’ expectations of $944.04 million. H.B. Fuller had a return on equity of 13.39% and a net margin of 5.15%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $1.06 EPS. Equities analysts forecast that H.B. Fuller will post 4.17 earnings per share for the current 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 given a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Thursday, October 17th. H.B. Fuller’s payout ratio is 27.47%.

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.