Piedmont Investment Advisors LLC acquired a new position in shares of H. B. Fuller Company (NYSE:FUL) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,924 shares of the specialty chemicals company’s stock, valued at approximately $558,000.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of H. B. Fuller by 0.6% during the 2nd quarter. BlackRock Inc. now owns 6,252,664 shares of the specialty chemicals company’s stock worth $319,575,000 after purchasing an additional 34,858 shares during the last quarter. Vanguard Group Inc. raised its position in shares of H. B. Fuller by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,108,535 shares of the specialty chemicals company’s stock worth $261,098,000 after purchasing an additional 53,030 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of H. B. Fuller during the 2nd quarter worth approximately $105,912,000. Dimensional Fund Advisors LP raised its position in shares of H. B. Fuller by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,675 shares of the specialty chemicals company’s stock worth $103,226,000 after purchasing an additional 15,212 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of H. B. Fuller by 3.2% during the 2nd quarter. Macquarie Group Ltd. now owns 1,583,713 shares of the specialty chemicals company’s stock worth $80,944,000 after purchasing an additional 49,073 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

In related news, VP Traci L. Jensen sold 5,397 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $58.40, for a total value of $315,184.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is currently owned by corporate insiders.

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Several research analysts recently issued reports on the company. Zacks Investment Research upgraded H. B. Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Robert W. Baird assumed coverage on H. B. Fuller in a research report on Thursday, September 14th. They set a “neutral” rating and a $60.00 price objective for the company. Deutsche Bank AG lifted their price objective on H. B. Fuller from $56.00 to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, September 6th. BidaskClub downgraded H. B. Fuller from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, KeyCorp restated a “hold” rating on shares of H. B. Fuller in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $57.40.

H. B. Fuller Company (NYSE FUL) opened at 57.06 on Thursday. The firm has a market capitalization of $2.87 billion, a P/E ratio of 27.98 and a beta of 1.72. The company’s 50 day moving average price is $55.66 and its 200 day moving average price is $52.44. H. B. Fuller Company has a 12 month low of $41.52 and a 12 month high of $58.74.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). The firm had revenue of $562.87 million during the quarter, compared to analysts’ expectations of $553.66 million. H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%. Analysts anticipate that H. B. Fuller Company will post $2.60 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 2nd. Investors of record on Thursday, October 19th will be given a $0.15 dividend. The ex-dividend date is Wednesday, October 18th. This represents a $0.60 annualized dividend and a dividend yield of 1.05%. H. B. Fuller’s dividend payout ratio (DPR) is presently 29.41%.

H. B. Fuller 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.

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

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