ProShare Advisors LLC Sells 10,257 Shares of H. B. Fuller Company $FUL

ProShare Advisors LLC lessened its stake in H. B. Fuller Company (NYSE:FUL) by 8.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,064 shares of the specialty chemicals company’s stock after selling 10,257 shares during the quarter. ProShare Advisors LLC’s holdings in H. B. Fuller were worth $6,584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FUL. Strs Ohio acquired a new position in shares of H. B. Fuller during the 1st quarter worth about $101,000. KLP Kapitalforvaltning AS grew its holdings in H. B. Fuller by 8.6% during the second quarter. KLP Kapitalforvaltning AS now owns 11,400 shares of the specialty chemicals company’s stock valued at $686,000 after purchasing an additional 900 shares during the period. Blair William & Co. IL grew its holdings in H. B. Fuller by 9.8% during the second quarter. Blair William & Co. IL now owns 7,256 shares of the specialty chemicals company’s stock valued at $436,000 after purchasing an additional 650 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in H. B. Fuller by 12.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,904 shares of the specialty chemicals company’s stock valued at $596,000 after purchasing an additional 1,077 shares in the last quarter. Finally, CWM LLC raised its holdings in H. B. Fuller by 444.7% in the second quarter. CWM LLC now owns 3,622 shares of the specialty chemicals company’s stock worth $218,000 after purchasing an additional 2,957 shares during the period. Institutional investors own 95.93% of the company’s stock.

H. B. Fuller Stock Down 0.4%

NYSE:FUL opened at $66.62 on Friday. The stock has a 50-day simple moving average of $61.53 and a 200 day simple moving average of $59.85. H. B. Fuller Company has a 52-week low of $47.56 and a 52-week high of $68.63. The company has a market cap of $3.62 billion, a PE ratio of 22.21, a PEG ratio of 1.00 and a beta of 1.10. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70.

H. B. Fuller (NYSE:FUL) last released its earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.24 by $0.04. The firm had revenue of $894.79 million for the quarter, compared to analysts’ expectations of $901.34 million. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. On average, sell-side analysts expect that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, February 5th. H. B. Fuller’s payout ratio is presently 31.33%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Citigroup boosted their target price on H. B. Fuller from $70.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, January 16th. UBS Group set a $66.00 price target on H. B. Fuller in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. Finally, Wall Street Zen downgraded shares of H. B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, H. B. Fuller currently has a consensus rating of “Hold” and an average target price of $67.75.

H. B. Fuller Company Profile

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.