Investment Counselors of Maryland LLC lowered its stake in H. B. Fuller Company (NYSE:FUL) by 99.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,980 shares of the specialty chemicals company’s stock after selling 310,836 shares during the period. Investment Counselors of Maryland LLC’s holdings in H. B. Fuller were worth $152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of H. B. Fuller by 10,635.2% in the first quarter. BlackRock Inc. now owns 6,217,806 shares of the specialty chemicals company’s stock valued at $320,590,000 after buying an additional 6,159,886 shares during the last quarter. Vanguard Group Inc. raised its position in shares of H. B. Fuller by 7.5% in the first quarter. Vanguard Group Inc. now owns 5,055,505 shares of the specialty chemicals company’s stock valued at $260,662,000 after buying an additional 351,478 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of H. B. Fuller by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,004,463 shares of the specialty chemicals company’s stock valued at $103,353,000 after buying an additional 80,277 shares during the last quarter. Champlain Investment Partners LLC raised its position in shares of H. B. Fuller by 53.9% in the first quarter. Champlain Investment Partners LLC now owns 1,664,330 shares of the specialty chemicals company’s stock valued at $85,813,000 after buying an additional 582,945 shares during the last quarter. Finally, Janus Capital Management LLC raised its position in shares of H. B. Fuller by 425.6% in the first quarter. Janus Capital Management LLC now owns 1,545,716 shares of the specialty chemicals company’s stock valued at $79,697,000 after buying an additional 1,251,620 shares during the last quarter. Institutional investors own 93.03% of the company’s stock.

Shares of H. B. Fuller Company (NYSE FUL) opened at 51.19 on Monday. H. B. Fuller Company has a one year low of $41.52 and a one year high of $54.32. The stock has a market cap of $2.59 billion, a P/E ratio of 23.40 and a beta of 1.68. The firm has a 50 day moving average of $51.65 and a 200 day moving average of $50.94.

H. B. Fuller (NYSE:FUL) last released its earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.05. The company had revenue of $561.65 million for the quarter. H. B. Fuller had a net margin of 5.23% and a return on equity of 13.32%. During the same quarter last year, the firm posted $0.67 earnings per share. On average, equities research analysts predict that H. B. Fuller Company will post $2.60 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Shareholders of record on Thursday, July 27th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, July 25th. This represents a $0.60 annualized dividend and a yield of 1.17%. H. B. Fuller’s payout ratio is 27.40%.

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Several research analysts have weighed in on FUL shares. BidaskClub upgraded shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research lowered shares of H. B. Fuller from a “hold” rating to a “sell” rating in a research report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. H. B. Fuller presently has an average rating of “Hold” and an average price target of $52.40.

In related news, VP Dietrich J. Crail bought 970 shares of the stock in a transaction on Wednesday, July 12th. The shares were purchased at an average price of $51.41 per share, with a total value of $49,867.70. Following the purchase, the vice president now owns 970 shares in the company, valued at $49,867.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is currently owned by company insiders.

H. B. Fuller Company Profile

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, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.

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

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