Bank of New York Mellon Corp Decreases Stock Position in H. B. Fuller Company (NYSE:FUL)

Bank of New York Mellon Corp trimmed its position in H. B. Fuller Company (NYSE:FULFree Report) by 6.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 517,739 shares of the specialty chemicals company’s stock after selling 37,208 shares during the period. Bank of New York Mellon Corp owned about 0.96% of H. B. Fuller worth $29,056,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kennedy Capital Management LLC lifted its holdings in shares of H. B. Fuller by 13.4% during the 4th quarter. Kennedy Capital Management LLC now owns 127,896 shares of the specialty chemicals company’s stock worth $8,630,000 after acquiring an additional 15,100 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in H. B. Fuller in the fourth quarter valued at approximately $783,000. New Age Alpha Advisors LLC acquired a new stake in shares of H. B. Fuller during the fourth quarter worth approximately $465,000. Quantbot Technologies LP acquired a new stake in shares of H. B. Fuller during the fourth quarter worth approximately $266,000. Finally, MetLife Investment Management LLC grew its position in shares of H. B. Fuller by 4.7% during the fourth quarter. MetLife Investment Management LLC now owns 33,058 shares of the specialty chemicals company’s stock worth $2,231,000 after buying an additional 1,472 shares in the last quarter. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FUL shares. Robert W. Baird raised their price target on shares of H. B. Fuller from $60.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, June 27th. JPMorgan Chase & Co. raised their target price on H. B. Fuller from $50.00 to $54.00 and gave the company an “underweight” rating in a research note on Friday, June 27th. Finally, Baird R W upgraded shares of H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $67.25.

View Our Latest Research Report on FUL

Insider Transactions at H. B. Fuller

In related news, VP Robert J. Martsching sold 9,546 shares of H. B. Fuller stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $64.30, for a total transaction of $613,807.80. Following the transaction, the vice president directly owned 14,980 shares of the company’s stock, valued at $963,214. The trade was a 38.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.99% of the stock is currently owned by insiders.

H. B. Fuller Price Performance

Shares of NYSE FUL opened at $60.35 on Thursday. H. B. Fuller Company has a fifty-two week low of $47.56 and a fifty-two week high of $87.67. The firm’s 50-day simple moving average is $57.56 and its 200 day simple moving average is $57.65. The company has a quick ratio of 1.15, a current ratio of 1.87 and a debt-to-equity ratio of 1.13. The stock has a market cap of $3.26 billion, a P/E ratio of 32.62, a P/E/G ratio of 1.00 and a beta of 1.12.

H. B. Fuller (NYSE:FULGet Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The specialty chemicals company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.08. The business had revenue of $898.10 million for the quarter, compared to analysts’ expectations of $894.87 million. H. B. Fuller had a net margin of 2.92% and a return on equity of 11.50%. The company’s revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 earnings per share. Equities analysts expect that H. B. Fuller Company will post 4.07 EPS for the current year.

H. B. Fuller Profile

(Free Report)

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.

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Institutional Ownership by Quarter for H. B. Fuller (NYSE:FUL)

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