Comerica Bank Sells 4,369 Shares of HB Fuller Co (FUL)
Comerica Bank reduced its position in shares of HB Fuller Co (NYSE:FUL) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 124,245 shares of the specialty chemicals company’s stock after selling 4,369 shares during the quarter. Comerica Bank’s holdings in HB Fuller were worth $5,533,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Murphy Pohlad Asset Management LLC bought a new position in shares of HB Fuller during the 2nd quarter valued at approximately $200,000. Balter Liquid Alternatives LLC bought a new position in shares of HB Fuller during the 2nd quarter valued at approximately $259,000. Jane Street Group LLC purchased a new position in HB Fuller in the 2nd quarter worth approximately $269,000. SNS Financial Group LLC purchased a new position in HB Fuller in the 2nd quarter worth approximately $294,000. Finally, D.A. Davidson & CO. lifted its holdings in HB Fuller by 20.0% in the 2nd quarter. D.A. Davidson & CO. now owns 6,000 shares of the specialty chemicals company’s stock worth $322,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.
FUL has been the topic of a number of research analyst reports. Zacks Investment Research raised HB Fuller from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Wednesday, August 29th. Deutsche Bank lowered their price target on HB Fuller from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, September 28th. Robert W. Baird lowered their price target on HB Fuller from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, September 28th. Finally, ValuEngine cut HB Fuller from a “hold” rating to a “sell” rating in a report on Friday, September 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $61.00.
HB Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, September 26th. The specialty chemicals company reported $0.86 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.04). HB Fuller had a return on equity of 13.41% and a net margin of 4.14%. The business had revenue of $770.11 million during the quarter, compared to analysts’ expectations of $784.75 million. As a group, equities analysts forecast that HB Fuller Co will post 3.11 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Thursday, October 18th were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, October 17th. This represents a $0.62 annualized dividend and a dividend yield of 1.35%. HB Fuller’s dividend payout ratio (DPR) is 24.80%.
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HB Fuller Company Profile
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.
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