Comerica Bank Sells 68,708 Shares of H. B. Fuller Company (FUL)
Comerica Bank reduced its stake in H. B. Fuller Company (NYSE:FUL) by 39.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 105,703 shares of the specialty chemicals company’s stock after selling 68,708 shares during the quarter. Comerica Bank owned approximately 0.21% of H. B. Fuller worth $6,002,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in FUL. Teachers Advisors LLC raised its holdings in H. B. Fuller by 2.8% in the 1st quarter. Teachers Advisors LLC now owns 105,023 shares of the specialty chemicals company’s stock worth $5,415,000 after purchasing an additional 2,883 shares during the period. Louisiana State Employees Retirement System increased its stake in H. B. Fuller by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the specialty chemicals company’s stock worth $1,053,000 after buying an additional 100 shares in the last quarter. Aperio Group LLC increased its stake in H. B. Fuller by 24.0% in the 2nd quarter. Aperio Group LLC now owns 20,448 shares of the specialty chemicals company’s stock worth $1,045,000 after buying an additional 3,955 shares in the last quarter. US Bancorp DE increased its stake in H. B. Fuller by 0.7% in the 2nd quarter. US Bancorp DE now owns 93,991 shares of the specialty chemicals company’s stock worth $4,804,000 after buying an additional 642 shares in the last quarter. Finally, First Midwest Bank Trust Division increased its stake in H. B. Fuller by 2.2% in the 2nd quarter. First Midwest Bank Trust Division now owns 8,324 shares of the specialty chemicals company’s stock worth $425,000 after buying an additional 179 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.
In related news, VP Timothy J. Keenan sold 6,500 shares of H. B. Fuller stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $55.08, for a total value of $358,020.00. Following the completion of the transaction, the vice president now owns 29,611 shares in the company, valued at $1,630,973.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert J. Martsching sold 3,870 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $57.93, for a total transaction of $224,189.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,767 shares of company stock valued at $897,394. 3.10% of the stock is currently owned by company insiders.
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A number of brokerages have issued reports on FUL. ValuEngine lowered H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Citigroup Inc. lowered H. B. Fuller from a “buy” rating to a “neutral” rating and set a $60.00 price target for the company. in a research note on Tuesday, October 31st. Zacks Investment Research upgraded H. B. Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Robert W. Baird started coverage on H. B. Fuller in a research note on Thursday, September 14th. They issued a “neutral” rating and a $60.00 price target for the company. Finally, Deutsche Bank AG raised their price objective on H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $57.60.
H. B. Fuller Company (NYSE:FUL) opened at $55.27 on Tuesday. The firm has a market capitalization of $2,745.66, a PE ratio of 21.91 and a beta of 1.73. H. B. Fuller Company has a 12-month low of $45.82 and a 12-month high of $58.74. The company has a current ratio of 2.63, a quick ratio of 1.72 and a debt-to-equity ratio of 0.74.
H. B. Fuller (NYSE:FUL) last released 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 company had revenue of $562.87 million during the quarter, compared to analysts’ expectations of $553.66 million. H. B. Fuller had a return on equity of 13.08% and a net margin of 4.76%. sell-side analysts forecast that H. B. Fuller Company will post 2.6 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 2nd. Investors of record on Thursday, October 19th were given a $0.15 dividend. The ex-dividend date was Wednesday, October 18th. This represents a $0.60 annualized dividend and a yield of 1.09%. H. B. Fuller’s dividend payout ratio is currently 29.41%.
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.
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