TIAA CREF Investment Management LLC cut its holdings in H. B. Fuller Company (NYSE:FUL) by 23.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136,234 shares of the specialty chemicals company’s stock after selling 41,514 shares during the period. TIAA CREF Investment Management LLC owned 0.27% of H. B. Fuller worth $6,963,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Teachers Advisors LLC boosted its holdings in H. B. Fuller by 5.7% in the 2nd quarter. Teachers Advisors LLC now owns 111,033 shares of the specialty chemicals company’s stock worth $5,675,000 after buying an additional 6,010 shares during the period. WBI Investments Inc. boosted its holdings in H. B. Fuller by 12.3% in the 2nd quarter. WBI Investments Inc. now owns 18,186 shares of the specialty chemicals company’s stock worth $929,000 after buying an additional 1,991 shares during the period. Riverhead Capital Management LLC boosted its holdings in H. B. Fuller by 42.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,996 shares of the specialty chemicals company’s stock worth $102,000 after buying an additional 596 shares during the period. Wells Fargo & Company MN boosted its holdings in H. B. Fuller by 8.2% in the 2nd quarter. Wells Fargo & Company MN now owns 92,703 shares of the specialty chemicals company’s stock worth $4,737,000 after buying an additional 7,030 shares during the period. Finally, Chatham Capital Group Inc. boosted its holdings in H. B. Fuller by 11.8% in the 2nd quarter. Chatham Capital Group Inc. now owns 22,855 shares of the specialty chemicals company’s stock worth $1,168,000 after buying an additional 2,417 shares during the period. 92.74% of the stock is owned by institutional investors.
Several research analysts recently commented on the stock. Zacks Investment Research raised shares of H. B. Fuller from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub downgraded shares of H. B. Fuller from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. KeyCorp reaffirmed a “hold” rating on shares of H. B. Fuller in a report on Thursday, August 24th. Finally, Robert W. Baird assumed coverage on shares of H. B. Fuller in a report on Thursday, September 14th. They issued a “neutral” rating and a $60.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $57.40.
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In other news, VP Traci L. Jensen sold 5,397 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $58.40, for a total value of $315,184.80. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.10% of the company’s stock.
Shares of H. B. Fuller Company (NYSE:FUL) opened at 57.15 on Friday. The stock has a market capitalization of $2.88 billion, a PE ratio of 28.03 and a beta of 1.72. H. B. Fuller Company has a 1-year low of $41.52 and a 1-year high of $58.74. The firm has a 50-day moving average of $54.93 and a 200 day moving average of $52.30.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%. The business had revenue of $562.87 million for the quarter, compared to analysts’ expectations of $553.66 million. Analysts predict that H. B. Fuller Company will post $2.60 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 2nd. Stockholders of record on Thursday, October 19th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Wednesday, October 18th. H. B. Fuller’s dividend payout ratio is currently 29.41%.
About H. B. 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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