Public Employees Retirement Association of Colorado Has $26.56 Million Stock Position in H.B. Fuller (NYSE:FUL)

Public Employees Retirement Association of Colorado cut its holdings in H.B. Fuller (NYSE:FUL) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 333,029 shares of the specialty chemicals company’s stock after selling 2,090 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.61% of H.B. Fuller worth $26,556,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Arlington Trust Co LLC bought a new stake in H.B. Fuller during the fourth quarter worth $134,000. Neuberger Berman Group LLC grew its position in H.B. Fuller by 1.6% during the 4th quarter. Neuberger Berman Group LLC now owns 11,353 shares of the specialty chemicals company’s stock worth $924,000 after acquiring an additional 179 shares during the last quarter. Partners Capital Investment Group LLP bought a new position in H.B. Fuller during the 4th quarter worth approximately $5,598,000. Campbell & CO Investment Adviser LLC bought a new position in H.B. Fuller during the 4th quarter worth approximately $738,000. Finally, Security National Bank of SO Dak bought a new stake in shares of H.B. Fuller in the 4th quarter worth approximately $236,000. 95.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at H.B. Fuller

In other H.B. Fuller news, VP Heather Campe sold 23,696 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $82.66, for a total transaction of $1,958,711.36. Following the sale, the vice president now directly owns 19,742 shares in the company, valued at $1,631,873.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FUL shares. StockNews.com upgraded H.B. Fuller from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Robert W. Baird lifted their price objective on H.B. Fuller from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $92.75.

H.B. Fuller Price Performance

Shares of H.B. Fuller stock traded down $0.24 during trading hours on Monday, hitting $84.97. The company’s stock had a trading volume of 103,542 shares, compared to its average volume of 314,872. The business has a 50 day moving average price of $79.30 and a two-hundred day moving average price of $78.46. H.B. Fuller has a 12-month low of $64.64 and a 12-month high of $86.92. The company has a market cap of $4.63 billion, a PE ratio of 29.08, a PEG ratio of 1.38 and a beta of 1.44. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.16 and a current ratio of 1.89.

H.B. Fuller (NYSE:FUL) last posted its earnings results on Thursday, June 27th. The specialty chemicals company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.09. The company had revenue of $917.10 million for the quarter, compared to the consensus estimate of $914.22 million. H.B. Fuller had a return on equity of 13.33% and a net margin of 4.67%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. Analysts expect that H.B. Fuller will post 4.4 earnings per share for the current fiscal year.

H.B. Fuller Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.2225 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This is an increase from H.B. Fuller’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 1.05%. H.B. Fuller’s dividend payout ratio is 30.38%.

About H.B. Fuller

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.