Eagle Asset Management Inc. Cuts Stock Holdings in H.B. Fuller (NYSE:FUL)

Eagle Asset Management Inc. trimmed its holdings in shares of H.B. Fuller (NYSE:FUL) by 22.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,057 shares of the specialty chemicals company’s stock after selling 14,525 shares during the period. Eagle Asset Management Inc.’s holdings in H.B. Fuller were worth $3,972,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FUL. S&CO Inc. boosted its holdings in shares of H.B. Fuller by 0.3% during the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock worth $21,209,000 after purchasing an additional 920 shares during the period. Marshall Wace LLP boosted its holdings in shares of H.B. Fuller by 9.9% during the second quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock worth $22,319,000 after purchasing an additional 26,239 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of H.B. Fuller by 8.1% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock worth $5,491,000 after purchasing an additional 5,356 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of H.B. Fuller by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company’s stock worth $40,460,000 after purchasing an additional 7,292 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in shares of H.B. Fuller by 3.1% during the second quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company’s stock worth $6,799,000 after purchasing an additional 2,694 shares during the period. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th.

H.B. Fuller Price Performance

FUL stock opened at $76.16 on Monday. H.B. Fuller has a 1 year low of $72.60 and a 1 year high of $87.67. The company has a market cap of $4.16 billion, a P/E ratio of 23.51, a PEG ratio of 1.41 and a beta of 1.42. The firm has a 50-day moving average of $77.61 and a 200 day moving average of $79.28. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.16.

H.B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.10). H.B. Fuller had a return on equity of 13.39% and a net margin of 5.15%. The company had revenue of $917.93 million during the quarter, compared to the consensus estimate of $944.04 million. During the same period in the previous year, the company earned $1.06 earnings per share. H.B. Fuller’s quarterly revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts forecast that H.B. Fuller will post 4.17 EPS for the current year.

H.B. Fuller Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were paid a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Thursday, October 17th. H.B. Fuller’s dividend payout ratio is 27.47%.

About H.B. Fuller

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.