H. B. Fuller Company (NYSE:FUL) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of H. B. Fuller Company (NYSE:FUL - Free Report) by 6.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 517,739 shares of the specialty chemicals company's stock after selling 37,208 shares during the period. Bank of New York Mellon Corp owned approximately 0.96% of H. B. Fuller worth $29,056,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sterling Capital Management LLC increased its holdings in H. B. Fuller by 731.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company's stock valued at $85,000 after buying an additional 1,104 shares in the last quarter. Quantbot Technologies LP purchased a new position in H. B. Fuller in the fourth quarter valued at $266,000. New Age Alpha Advisors LLC purchased a new position in H. B. Fuller in the fourth quarter valued at $465,000. KLP Kapitalforvaltning AS purchased a new position in H. B. Fuller in the fourth quarter valued at $783,000. Finally, MetLife Investment Management LLC increased its holdings in H. B. Fuller by 4.7% in the fourth quarter. MetLife Investment Management LLC now owns 33,058 shares of the specialty chemicals company's stock valued at $2,231,000 after buying an additional 1,472 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FUL shares. JPMorgan Chase & Co. lifted their price objective on shares of H. B. Fuller from $50.00 to $54.00 and gave the company an "underweight" rating in a report on Friday, June 27th. Baird R W raised shares of H. B. Fuller from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 17th. Finally, Robert W. Baird boosted their target price on shares of H. B. Fuller from $60.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, June 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $67.25.

H. B. Fuller Price Performance

NYSE FUL traded down $1.08 during trading hours on Friday, hitting $60.11. 435,999 shares of the company's stock traded hands, compared to its average volume of 397,484. H. B. Fuller Company has a 52-week low of $47.56 and a 52-week high of $87.67. The company has a market capitalization of $3.24 billion, a PE ratio of 32.49, a PEG ratio of 0.99 and a beta of 1.12. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.87 and a quick ratio of 1.15. The firm's 50-day moving average is $57.80 and its 200-day moving average is $57.49.

H. B. Fuller (NYSE:FUL - Get Free Report) last posted its earnings results on Wednesday, June 25th. The specialty chemicals company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.08. The company had revenue of $898.10 million for the quarter, compared to analyst estimates of $894.87 million. H. B. Fuller had a net margin of 2.92% and a return on equity of 11.50%. H. B. Fuller's revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 EPS. Equities analysts forecast that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be issued a $0.235 dividend. The ex-dividend date is Thursday, July 31st. This represents a $0.94 annualized dividend and a dividend yield of 1.56%. H. B. Fuller's dividend payout ratio is currently 50.81%.

Insider Activity at H. B. Fuller

In other H. B. Fuller news, VP Robert J. Martsching sold 9,546 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $64.30, for a total transaction of $613,807.80. Following the sale, the vice president directly owned 14,980 shares in the company, valued at $963,214. This represents a 38.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.99% of the company's stock.

About H. B. Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.