ProShare Advisors LLC Sells 10,257 Shares of H. B. Fuller Company $FUL

ProShare Advisors LLC trimmed its stake in shares of H. B. Fuller Company (NYSE:FUL) by 8.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,064 shares of the specialty chemicals company’s stock after selling 10,257 shares during the quarter. ProShare Advisors LLC owned 0.21% of H. B. Fuller worth $6,584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FUL. Cooke & Bieler LP boosted its stake in H. B. Fuller by 94.9% in the 3rd quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company’s stock valued at $87,795,000 after buying an additional 721,100 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of H. B. Fuller by 0.4% during the second quarter. Geode Capital Management LLC now owns 1,286,348 shares of the specialty chemicals company’s stock valued at $77,383,000 after acquiring an additional 5,323 shares during the period. Norges Bank acquired a new stake in shares of H. B. Fuller in the 2nd quarter valued at $40,584,000. JPMorgan Chase & Co. grew its holdings in shares of H. B. Fuller by 16.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock worth $36,815,000 after purchasing an additional 85,469 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its position in shares of H. B. Fuller by 80.4% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 555,877 shares of the specialty chemicals company’s stock worth $32,952,000 after purchasing an additional 247,815 shares in the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

H. B. Fuller Stock Down 0.4%

NYSE FUL opened at $66.62 on Friday. The stock has a market capitalization of $3.62 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10. H. B. Fuller Company has a 52 week low of $47.56 and a 52 week high of $68.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70. The stock has a fifty day moving average of $61.53 and a 200-day moving average of $59.85.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.04. The business had revenue of $894.79 million for the quarter, compared to analysts’ expectations of $901.34 million. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 earnings per share. On average, equities research analysts forecast that H. B. Fuller Company will post 4.07 EPS for the current year.

H. B. Fuller Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, February 5th. H. B. Fuller’s dividend payout ratio is currently 31.33%.

H. B. Fuller Company 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.