H. B. Fuller Company (FUL) Position Cut by ProShare Advisors LLC

ProShare Advisors LLC trimmed its position in H. B. Fuller Company (NYSE:FUL) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,672 shares of the specialty chemicals company’s stock after selling 10,541 shares during the quarter. ProShare Advisors LLC owned 0.28% of H. B. Fuller worth $7,343,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its stake in H. B. Fuller by 0.6% in the second quarter. BlackRock Inc. now owns 6,252,664 shares of the specialty chemicals company’s stock valued at $319,575,000 after acquiring an additional 34,858 shares during the last quarter. Vanguard Group Inc. increased its stake in H. B. Fuller by 7.5% in the first quarter. Vanguard Group Inc. now owns 5,055,505 shares of the specialty chemicals company’s stock valued at $260,662,000 after acquiring an additional 351,478 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in H. B. Fuller by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,004,463 shares of the specialty chemicals company’s stock valued at $103,353,000 after acquiring an additional 80,277 shares during the last quarter. Champlain Investment Partners LLC increased its stake in H. B. Fuller by 53.9% in the first quarter. Champlain Investment Partners LLC now owns 1,664,330 shares of the specialty chemicals company’s stock valued at $85,813,000 after acquiring an additional 582,945 shares during the last quarter. Finally, Janus Capital Management LLC increased its stake in H. B. Fuller by 425.6% in the first quarter. Janus Capital Management LLC now owns 1,545,716 shares of the specialty chemicals company’s stock valued at $79,697,000 after acquiring an additional 1,251,620 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

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

FUL has been the topic of a number of research analyst reports. BidaskClub lowered shares of H. B. Fuller from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research upgraded shares of H. B. Fuller from a “sell” rating to a “hold” rating and set a $61.00 target price on the stock in a research report on Friday, September 8th. Deutsche Bank AG raised their target price on shares of H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Wednesday, September 6th. KeyCorp restated a “hold” rating on shares of H. B. Fuller in a research report on Thursday, August 24th. Finally, Robert W. Baird initiated coverage on shares of H. B. Fuller in a research report on Thursday, September 14th. They issued a “neutral” rating and a $60.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $56.33.

Shares of H. B. Fuller Company (FUL) opened at 55.96 on Wednesday. H. B. Fuller Company has a 12 month low of $41.52 and a 12 month high of $56.35. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 25.58 and a beta of 1.69. The firm has a 50-day moving average of $51.85 and a 200-day moving average of $51.54.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.05). The company had revenue of $561.65 million during the quarter. H. B. Fuller had a return on equity of 13.32% and a net margin of 5.23%. During the same quarter last year, the firm earned $0.67 earnings per share. On average, analysts anticipate that H. B. Fuller Company will post $2.59 EPS for the current year.

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About H. B. Fuller

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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