Pennsylvania Trust Co bought a new stake in HB Fuller Co (NYSE:FUL) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 7,800 shares of the specialty chemicals company’s stock, valued at approximately $1,563,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Trust Co. of Vermont acquired a new stake in HB Fuller during the 4th quarter worth $26,000. Advisor Group Inc. boosted its stake in HB Fuller by 52.8% during the 4th quarter. Advisor Group Inc. now owns 1,497 shares of the specialty chemicals company’s stock worth $64,000 after purchasing an additional 517 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in HB Fuller by 16.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,643 shares of the specialty chemicals company’s stock worth $113,000 after purchasing an additional 375 shares during the period. Murphy Pohlad Asset Management LLC acquired a new stake in HB Fuller during the 4th quarter worth $159,000. Finally, Riverhead Capital Management LLC boosted its stake in HB Fuller by 39.1% during the 3rd quarter. Riverhead Capital Management LLC now owns 4,271 shares of the specialty chemicals company’s stock worth $221,000 after purchasing an additional 1,200 shares during the period. 99.25% of the stock is currently owned by hedge funds and other institutional investors.

FUL stock opened at $50.75 on Friday. HB Fuller Co has a one year low of $39.61 and a one year high of $59.58. The firm has a market capitalization of $2.58 billion, a PE ratio of 16.92, a PEG ratio of 1.26 and a beta of 1.44. The company has a quick ratio of 1.36, a current ratio of 2.10 and a debt-to-equity ratio of 1.83.

HB Fuller (NYSE:FUL) last released its earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. HB Fuller had a net margin of 4.52% and a return on equity of 13.53%. The company had revenue of $673.00 million during the quarter, compared to analysts’ expectations of $697.64 million. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, research analysts expect that HB Fuller Co will post 3.29 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 2nd. Investors of record on Thursday, April 18th will be paid a $0.16 dividend. This is a boost from HB Fuller’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $0.64 annualized dividend and a dividend yield of 1.26%. HB Fuller’s dividend payout ratio (DPR) is 20.67%.

In related news, VP Timothy J. Keenan sold 13,205 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $48.32, for a total value of $638,065.60. Following the completion of the sale, the vice president now owns 38,435 shares in the company, valued at $1,857,179.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert J. Martsching sold 3,215 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $48.86, for a total transaction of $157,084.90. The disclosure for this sale can be found here. Insiders sold 27,877 shares of company stock valued at $1,372,125 in the last quarter. Company insiders own 3.46% of the company’s stock.

FUL has been the subject of a number of recent research reports. ValuEngine upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. Deutsche Bank cut shares of HB Fuller from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research note on Tuesday, February 5th. Zacks Investment Research cut shares of HB Fuller from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Finally, JPMorgan Chase & Co. cut shares of HB Fuller from an “overweight” rating to a “neutral” rating and set a $50.79 price target for the company. in a research note on Tuesday, April 9th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. HB Fuller currently has an average rating of “Hold” and a consensus price target of $57.97.

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About HB Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.

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Institutional Ownership by Quarter for HB Fuller (NYSE:FUL)

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