New York State Teachers Retirement System Sells 223 Shares of H.B. Fuller (NYSE:FUL)

New York State Teachers Retirement System lowered its position in shares of H.B. Fuller (NYSE:FUL) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,354 shares of the specialty chemicals company’s stock after selling 223 shares during the quarter. New York State Teachers Retirement System owned about 0.17% of H.B. Fuller worth $7,274,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Wesbanco Bank Inc. boosted its position in H.B. Fuller by 90.2% during the third quarter. Wesbanco Bank Inc. now owns 9,700 shares of the specialty chemicals company’s stock valued at $666,000 after acquiring an additional 4,600 shares during the last quarter. Kennedy Capital Management LLC boosted its position in H.B. Fuller by 19.3% during the third quarter. Kennedy Capital Management LLC now owns 82,273 shares of the specialty chemicals company’s stock valued at $5,645,000 after acquiring an additional 13,328 shares during the last quarter. Ameriprise Financial Inc. boosted its position in H.B. Fuller by 25.3% during the third quarter. Ameriprise Financial Inc. now owns 425,162 shares of the specialty chemicals company’s stock valued at $29,170,000 after acquiring an additional 85,716 shares during the last quarter. Luminus Management LLC boosted its position in H.B. Fuller by 123.9% during the third quarter. Luminus Management LLC now owns 410,351 shares of the specialty chemicals company’s stock valued at $28,154,000 after acquiring an additional 227,055 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. boosted its position in H.B. Fuller by 88.3% during the third quarter. Financial Engines Advisors L.L.C. now owns 10,654 shares of the specialty chemicals company’s stock valued at $731,000 after acquiring an additional 4,995 shares during the last quarter. Institutional investors own 95.93% of the company’s stock.

Insider Buying and Selling at H.B. Fuller

In other H.B. Fuller news, EVP James J. East sold 22,316 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $78.27, for a total value of $1,746,673.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other H.B. Fuller news, EVP James J. East sold 22,316 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $78.27, for a total value of $1,746,673.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Muhammad Shahbaz Malik sold 14,000 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $76.28, for a total transaction of $1,067,920.00. Following the completion of the sale, the vice president now owns 9,089 shares of the company’s stock, valued at approximately $693,308.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,301 shares of company stock worth $4,673,473. Insiders own 1.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of H.B. Fuller from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Stifel Nicolaus increased their price objective on shares of H.B. Fuller from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Vertical Research assumed coverage on shares of H.B. Fuller in a research report on Tuesday, March 19th. They set a “buy” rating and a $88.00 price objective on the stock. Finally, StockNews.com raised shares of H.B. Fuller from a “hold” rating to a “buy” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, H.B. Fuller has an average rating of “Hold” and an average price target of $86.20.

H.B. Fuller Trading Up 0.8 %

FUL opened at $77.59 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.23. H.B. Fuller has a fifty-two week low of $62.57 and a fifty-two week high of $84.31. The firm has a market capitalization of $4.23 billion, a PE ratio of 28.21, a P/E/G ratio of 1.24 and a beta of 1.52. The company’s 50-day moving average is $78.53 and its 200 day moving average is $76.06.

H.B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. H.B. Fuller had a net margin of 4.39% and a return on equity of 12.88%. The company had revenue of $810.42 million for the quarter, compared to analyst estimates of $823.04 million. During the same quarter in the prior year, the business posted $0.55 EPS. The firm’s revenue was up .2% compared to the same quarter last year. As a group, research analysts predict that H.B. Fuller will post 4.32 earnings per share for the current fiscal year.

H.B. Fuller Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were paid a $0.205 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.82 annualized dividend and a yield of 1.06%. H.B. Fuller’s dividend payout ratio (DPR) is 29.82%.

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.