H. B. Fuller Co. (FUL) Shares Bought by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. boosted its position in H. B. Fuller Co. (NYSE:FUL) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 315,992 shares of the company’s stock after buying an additional 225 shares during the period. Tocqueville Asset Management L.P.’s holdings in H. B. Fuller were worth $13,900,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in H. B. Fuller by 0.8% in the second quarter. Nisa Investment Advisors LLC now owns 19,050 shares of the company’s stock worth $838,000 after buying an additional 150 shares during the last quarter. Capstone Asset Management Co. increased its stake in H. B. Fuller by 1.4% in the second quarter. Capstone Asset Management Co. now owns 16,526 shares of the company’s stock worth $727,000 after buying an additional 230 shares during the last quarter. Strs Ohio increased its stake in H. B. Fuller by 30.0% in the second quarter. Strs Ohio now owns 5,200 shares of the company’s stock worth $228,000 after buying an additional 1,200 shares during the last quarter. Prudential Financial Inc. increased its stake in H. B. Fuller by 1.6% in the first quarter. Prudential Financial Inc. now owns 140,842 shares of the company’s stock worth $5,979,000 after buying an additional 2,200 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in H. B. Fuller by 1.4% in the second quarter. American Century Companies Inc. now owns 163,120 shares of the company’s stock worth $7,176,000 after buying an additional 2,262 shares during the last quarter. Institutional investors and hedge funds own 89.02% of the company’s stock.
Shares of H. B. Fuller Co. (NYSE:FUL) traded down 0.38% during mid-day trading on Friday, reaching $44.01. The company had a trading volume of 133,710 shares. The company’s 50-day moving average is $46.53 and its 200 day moving average is $45.52. The stock has a market capitalization of $2.21 billion, a P/E ratio of 20.47 and a beta of 1.69. H. B. Fuller Co. has a 52-week low of $32.49 and a 52-week high of $48.83.
H. B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, September 21st. The company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a return on equity of 13.66% and a net margin of 5.32%. During the same quarter in the prior year, the firm earned $0.61 EPS. Analysts anticipate that H. B. Fuller Co. will post $2.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Thursday, October 27th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.27%. H. B. Fuller’s dividend payout ratio is 26.05%.
A number of research firms have recently commented on FUL. Zacks Investment Research downgraded H. B. Fuller from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Seaport Global Securities upgraded H. B. Fuller from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $51.00 in a report on Monday, September 26th. Citigroup Inc. began coverage on H. B. Fuller in a report on Thursday, September 29th. They set a “buy” rating and a $53.00 price objective for the company. Finally, Deutsche Bank AG upped their price objective on H. B. Fuller from $47.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, June 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $50.00.
In related news, VP Timothy J. Keenan sold 8,037 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $46.03, for a total value of $369,943.11. Following the completion of the transaction, the vice president now owns 22,142 shares of the company’s stock, valued at approximately $1,019,196.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Owens sold 55,048 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $46.43, for a total transaction of $2,555,878.64. Following the completion of the transaction, the insider now directly owns 151,293 shares of the company’s stock, valued at approximately $7,024,533.99. The disclosure for this sale can be found here. 3.55% of the stock is currently owned by corporate insiders.
About H. B. Fuller
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives; Europe, India, Middle East and Africa (EIMEA); Asia Pacific, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.
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