Bank of New York Mellon Corp lessened its stake in H. B. Fuller Company (NYSE:FUL) by 2.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 691,573 shares of the specialty chemicals company’s stock after selling 18,790 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.37% of H. B. Fuller worth $35,347,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Miles Capital Inc. lifted its holdings in shares of H. B. Fuller by 0.3% in the first quarter. Miles Capital Inc. now owns 4,576 shares of the specialty chemicals company’s stock worth $236,000 after buying an additional 12 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of H. B. Fuller by 0.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 15,520 shares of the specialty chemicals company’s stock worth $793,000 after buying an additional 40 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of H. B. Fuller by 0.5% in the second 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. Tyers Asset Management LLC lifted its holdings in shares of H. B. Fuller by 6.6% in the first quarter. Tyers Asset Management LLC now owns 2,064 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 128 shares in the last quarter. Finally, Ronna Sue Cohen lifted its holdings in shares of H. B. Fuller by 0.3% in the second quarter. Ronna Sue Cohen now owns 58,447 shares of the specialty chemicals company’s stock worth $2,987,000 after buying an additional 156 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of H. B. Fuller from a “sell” rating to a “hold” rating in a report on Friday. BidaskClub downgraded shares of H. B. Fuller from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Deutsche Bank AG boosted their target price on shares of H. B. Fuller from $56.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, KeyCorp reissued a “hold” rating on shares of H. B. Fuller in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. H. B. Fuller has a consensus rating of “Hold” and a consensus price target of $54.60.

In related news, VP Dietrich J. Crail purchased 970 shares of H. B. Fuller stock in a transaction dated Wednesday, July 12th. The shares were acquired at an average price of $51.41 per share, for a total transaction of $49,867.70. Following the acquisition, the vice president now directly owns 970 shares in the company, valued at $49,867.70. The purchase was disclosed in a filing with the SEC, which is available through this link. 3.10% of the stock is owned by insiders.

Shares of H. B. Fuller Company (FUL) opened at 54.20 on Friday. The stock has a market cap of $2.74 billion, a P/E ratio of 24.77 and a beta of 1.69. The company’s 50-day moving average is $51.07 and its 200-day moving average is $51.23. H. B. Fuller Company has a 1-year low of $41.52 and a 1-year high of $55.21.

H. B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by $0.05. H. B. Fuller had a return on equity of 13.32% and a net margin of 5.23%. The company had revenue of $561.65 million for the quarter. During the same quarter in the previous year, the company posted $0.67 EPS. Equities analysts expect that H. B. Fuller Company will post $2.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, July 27th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, July 25th. This represents a $0.60 annualized dividend and a dividend yield of 1.11%. H. B. Fuller’s dividend payout ratio is presently 27.40%.

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

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