H. B. Fuller Co. (FUL) Shares Bought by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. boosted its stake in H. B. Fuller Co. (NYSE:FUL) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 315,992 shares of the company’s stock after buying an additional 225 shares during the period. Tocqueville Asset Management L.P. owned 0.63% of H. B. Fuller worth $13,900,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FUL. ClariVest Asset Management LLC purchased a new position in H. B. Fuller during the second quarter valued at approximately $1,317,000. Huntington National Bank raised its position in H. B. Fuller by 7,513.5% in the second quarter. Huntington National Bank now owns 2,817 shares of the company’s stock valued at $124,000 after buying an additional 2,780 shares in the last quarter. Capital Fund Management S.A. purchased a new position in H. B. Fuller during the second quarter valued at approximately $669,000. First Midwest Bank Trust Division raised its position in H. B. Fuller by 43.6% in the second quarter. First Midwest Bank Trust Division now owns 8,053 shares of the company’s stock valued at $354,000 after buying an additional 2,446 shares in the last quarter. Finally, American Century Companies Inc. raised its position in H. B. Fuller by 1.4% in the second quarter. American Century Companies Inc. now owns 163,120 shares of the company’s stock valued at $7,176,000 after buying an additional 2,262 shares in the last quarter. Institutional investors and hedge funds own 89.02% of the company’s stock.
Shares of H. B. Fuller Co. (NYSE:FUL) traded down 0.38% during mid-day trading on Friday, reaching $44.01. The company’s stock had a trading volume of 133,710 shares. The firm has a 50-day moving average of $46.53 and a 200-day moving average of $45.52. The firm has a market capitalization of $2.21 billion, a PE ratio of 20.47 and a beta of 1.69. H. B. Fuller Co. has a 52 week low of $32.49 and a 52 week high of $48.83.
H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, September 21st. The company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a net margin of 5.32% and a return on equity of 13.66%. During the same period last year, the company earned $0.61 earnings per share. Equities research analysts forecast that H. B. Fuller Co. will post $2.48 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Thursday, October 27th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.27%. H. B. Fuller’s dividend payout ratio (DPR) is presently 26.05%.
Several research analysts have recently commented on the company. Citigroup Inc. assumed coverage on H. B. Fuller in a research report on Thursday, September 29th. They set a “buy” rating and a $53.00 price target for the company. Zacks Investment Research lowered H. B. Fuller from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Seaport Global Securities upgraded H. B. Fuller from an “accumulate” rating to a “buy” rating and lifted their target price for the company from $50.00 to $51.00 in a report on Monday, September 26th. Finally, Deutsche Bank AG decreased their target price on H. B. Fuller from $50.00 to $47.00 and set a “hold” rating for the company in a report on Friday, September 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.00.
In other H. B. Fuller news, VP James R. Giertz sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $45.79, for a total value of $1,144,750.00. Following the completion of the transaction, the vice president now directly owns 108,121 shares in the company, valued at approximately $4,950,860.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James Owens sold 55,048 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $46.43, for a total value of $2,555,878.64. Following the sale, the insider now owns 151,293 shares of the company’s stock, valued at $7,024,533.99. The disclosure for this sale can be found here. 3.55% of the stock is 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, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.
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