Tocqueville Asset Management L.P. lessened its stake in HB Fuller Co (NYSE:FUL) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,275 shares of the specialty chemicals company’s stock after selling 17,600 shares during the period. Tocqueville Asset Management L.P. owned 0.30% of HB Fuller worth $7,816,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in HB Fuller by 1.7% in the 3rd quarter. BlackRock Inc. now owns 7,358,910 shares of the specialty chemicals company’s stock worth $380,236,000 after buying an additional 125,534 shares during the period. Janus Henderson Group PLC increased its stake in HB Fuller by 13.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,809,497 shares of the specialty chemicals company’s stock worth $150,814,000 after buying an additional 335,020 shares during the period. Northern Trust Corp increased its stake in HB Fuller by 5.0% in the 2nd quarter. Northern Trust Corp now owns 1,189,072 shares of the specialty chemicals company’s stock worth $63,830,000 after buying an additional 56,943 shares during the period. Channing Capital Management LLC increased its stake in HB Fuller by 8.4% in the 3rd quarter. Channing Capital Management LLC now owns 1,144,579 shares of the specialty chemicals company’s stock worth $59,140,000 after buying an additional 88,582 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in HB Fuller by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 796,073 shares of the specialty chemicals company’s stock worth $41,133,000 after acquiring an additional 24,990 shares in the last quarter. 98.42% of the stock is currently owned by institutional investors.
In other HB Fuller news, VP Traci L. Jensen sold 4,129 shares of the stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $46.01, for a total transaction of $189,975.29. Following the transaction, the vice president now directly owns 20,997 shares in the company, valued at approximately $966,071.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.46% of the stock is owned by corporate insiders.
Several research analysts have issued reports on FUL shares. Zacks Investment Research upgraded shares of HB Fuller from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Wednesday, August 29th. Deutsche Bank dropped their target price on shares of HB Fuller from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, September 28th. Robert W. Baird dropped their target price on shares of HB Fuller from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, September 28th. Finally, ValuEngine cut shares of HB Fuller from a “hold” rating to a “sell” rating in a report on Friday, September 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $61.00.
Shares of HB Fuller stock opened at $41.68 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.48 and a debt-to-equity ratio of 2.03. HB Fuller Co has a 1 year low of $41.26 and a 1 year high of $59.58. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 0.59 and a beta of 1.46.
HB Fuller (NYSE:FUL) last issued its earnings results on Wednesday, September 26th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.04). HB Fuller had a return on equity of 13.41% and a net margin of 4.14%. The business had revenue of $770.11 million for the quarter, compared to the consensus estimate of $784.75 million. As a group, equities research analysts forecast that HB Fuller Co will post 3.11 earnings per share for the current fiscal year.
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About HB Fuller
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.
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