H. B. Fuller Company $FUL Stock Holdings Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of H. B. Fuller Company (NYSE:FUL) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,763 shares of the specialty chemicals company’s stock after selling 8,131 shares during the period. Principal Financial Group Inc. owned 0.48% of H. B. Fuller worth $15,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio acquired a new position in shares of H. B. Fuller during the first quarter valued at approximately $101,000. KLP Kapitalforvaltning AS boosted its stake in H. B. Fuller by 8.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 11,400 shares of the specialty chemicals company’s stock valued at $686,000 after purchasing an additional 900 shares in the last quarter. US Bancorp DE increased its position in shares of H. B. Fuller by 0.7% during the 2nd quarter. US Bancorp DE now owns 54,153 shares of the specialty chemicals company’s stock valued at $3,257,000 after purchasing an additional 362 shares during the period. Blair William & Co. IL raised its stake in shares of H. B. Fuller by 9.8% in the 2nd quarter. Blair William & Co. IL now owns 7,256 shares of the specialty chemicals company’s stock worth $436,000 after buying an additional 650 shares in the last quarter. Finally, Callan Family Office LLC acquired a new stake in shares of H. B. Fuller in the second quarter valued at $553,000. 95.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FUL shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Wall Street Zen lowered H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. UBS Group set a $66.00 price objective on H. B. Fuller in a report on Friday, January 16th. Finally, Citigroup raised their target price on shares of H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, H. B. Fuller currently has an average rating of “Hold” and a consensus target price of $67.75.

Insiders Place Their Bets

In other H. B. Fuller news, VP Nathan D. Weaver sold 7,075 shares of H. B. Fuller stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $58.38, for a total transaction of $413,038.50. Following the completion of the transaction, the vice president directly owned 9,441 shares of the company’s stock, valued at approximately $551,165.58. This trade represents a 42.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.99% of the company’s stock.

H. B. Fuller Stock Down 0.6%

H. B. Fuller stock opened at $65.67 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 1.01. H. B. Fuller Company has a 1-year low of $47.56 and a 1-year high of $67.29. The firm’s fifty day simple moving average is $61.05 and its 200-day simple moving average is $59.70. The company has a market capitalization of $3.57 billion, a P/E ratio of 21.89, a P/E/G ratio of 0.99 and a beta of 1.10.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Thursday, January 15th. The specialty chemicals company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The business had revenue of $894.79 million for the quarter, compared to analyst estimates of $901.34 million. During the same quarter in the prior year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Sell-side analysts forecast that H. B. Fuller Company will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be paid a dividend of $0.235 per share. The ex-dividend date is Thursday, February 5th. This represents a $0.94 dividend on an annualized basis and a yield of 1.4%. H. B. Fuller’s dividend payout ratio (DPR) is currently 31.33%.

H. B. Fuller Profile

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.