Public Employees Retirement Association of Colorado Sells 1,059 Shares of H.B. Fuller (NYSE:FUL)

Public Employees Retirement Association of Colorado reduced its position in shares of H.B. Fuller (NYSE:FUL) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 330,389 shares of the specialty chemicals company’s stock after selling 1,059 shares during the period. Public Employees Retirement Association of Colorado owned 0.60% of H.B. Fuller worth $22,295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC lifted its holdings in H.B. Fuller by 4.7% during the fourth quarter. MetLife Investment Management LLC now owns 33,058 shares of the specialty chemicals company’s stock worth $2,231,000 after acquiring an additional 1,472 shares during the period. Sterling Capital Management LLC lifted its stake 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 purchasing an additional 1,104 shares during the last quarter. Kennedy Capital Management LLC increased its position in H.B. Fuller by 13.4% in the fourth quarter. Kennedy Capital Management LLC now owns 127,896 shares of the specialty chemicals company’s stock worth $8,630,000 after buying an additional 15,100 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in H.B. Fuller in the fourth quarter worth $465,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of H.B. Fuller during the 4th quarter valued at $783,000. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

H.B. Fuller Stock Down 0.8 %

FUL opened at $54.58 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.81 and a quick ratio of 1.16. H.B. Fuller has a one year low of $47.56 and a one year high of $87.67. The firm has a market capitalization of $2.96 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 1.13 and a beta of 1.27. The company has a fifty day moving average price of $54.75 and a 200-day moving average price of $64.65.

H.B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, March 26th. The specialty chemicals company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $788.66 million for the quarter, compared to analyst estimates of $769.55 million. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. Equities research analysts expect that H.B. Fuller will post 4.07 earnings per share for the current fiscal year.

H.B. Fuller Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 29th will be given a dividend of $0.235 per share. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.22. This represents a $0.94 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Tuesday, April 29th. H.B. Fuller’s dividend payout ratio (DPR) is presently 47.00%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FUL. Deutsche Bank Aktiengesellschaft reduced their target price on shares of H.B. Fuller from $75.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Vertical Research lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird upgraded H.B. Fuller from a “neutral” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Thursday, April 17th. Baird R W raised H.B. Fuller from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 17th. Finally, Seaport Res Ptn lowered H.B. Fuller from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, H.B. Fuller currently has an average rating of “Hold” and a consensus price target of $62.50.

Insiders Place Their Bets

In related news, CEO Celeste Beeks Mastin acquired 3,500 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were purchased at an average price of $56.66 per share, for a total transaction of $198,310.00. Following the completion of the acquisition, the chief executive officer now owns 3,500 shares in the company, valued at approximately $198,310. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.99% of the company’s stock.

H.B. Fuller Company Profile

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.