First Trust Advisors LP trimmed its stake in shares of H. B. Fuller Company (NYSE:FUL) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,016 shares of the specialty chemicals company’s stock after selling 3,035 shares during the quarter. First Trust Advisors LP owned about 0.07% of H. B. Fuller worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC acquired a new position in H. B. Fuller in the second quarter valued at $105,912,000. Principal Financial Group Inc. increased its holdings in H. B. Fuller by 141.0% in the second 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 last quarter. Pioneer Investment Management Inc. bought a new position in shares of H. B. Fuller during the second quarter valued at approximately $11,091,000. Westfield Capital Management Co. LP bought a new position in shares of H. B. Fuller during the second quarter valued at approximately $10,338,000. Finally, Royal Bank of Canada grew its holdings in shares of H. B. Fuller by 23.8% during the second quarter. Royal Bank of Canada now owns 750,504 shares of the specialty chemicals company’s stock valued at $38,358,000 after purchasing an additional 144,229 shares during the last quarter. 92.35% of the stock is owned by institutional investors and hedge funds.
FUL has been the subject of a number of research analyst reports. Zacks Investment Research upgraded H. B. Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Citigroup cut H. B. Fuller from a “buy” rating to a “neutral” rating and set a $60.00 price target on the stock. in a report on Tuesday, October 31st. Robert W. Baird began coverage on shares of H. B. Fuller in a research note on Thursday, September 14th. They set a “neutral” rating and a $60.00 target price on the stock. ValuEngine downgraded shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Deutsche Bank boosted their target price on shares of H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, September 6th. One investment 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’s stock. H. B. Fuller has an average rating of “Hold” and a consensus target price of $60.00.
H. B. Fuller Company (NYSE FUL) traded down $0.61 during midday trading on Wednesday, hitting $55.57. 212,700 shares of the company traded hands, compared to its average volume of 317,420. H. B. Fuller Company has a twelve month low of $46.67 and a twelve month high of $58.74. The company has a current ratio of 2.63, a quick ratio of 1.72 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $2,827.70, a PE ratio of 22.56 and a beta of 1.72.
H. B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). H. B. Fuller had a return on equity of 13.08% and a net margin of 4.76%. The firm had revenue of $562.87 million for the quarter, compared to analyst estimates of $553.66 million. sell-side analysts predict that H. B. Fuller Company will post 2.6 earnings per share for the current year.
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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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