Principal Financial Group Inc. Purchases 557,994 Shares of H.B. Fuller Company (FUL)

Principal Financial Group Inc. raised its position in H.B. Fuller Company (NYSE:FUL) by 57.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,535,893 shares of the specialty chemicals company’s stock after acquiring an additional 557,994 shares during the quarter. Principal Financial Group Inc. owned 3.05% of H.B. Fuller worth $89,173,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Municipal Employees Retirement System of Michigan grew its position in H.B. Fuller by 0.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 15,520 shares of the specialty chemicals company’s stock valued at $793,000 after acquiring an additional 40 shares in the last quarter. Louisiana State Employees Retirement System grew its position in H.B. Fuller by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the specialty chemicals company’s stock valued at $1,053,000 after acquiring an additional 100 shares in the last quarter. Ronna Sue Cohen grew its position in H.B. Fuller by 0.3% in the second quarter. Ronna Sue Cohen now owns 58,447 shares of the specialty chemicals company’s stock valued at $2,987,000 after acquiring an additional 156 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in H.B. Fuller by 5.4% in the second quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock valued at $171,000 after acquiring an additional 172 shares in the last quarter. Finally, First Midwest Bank Trust Division grew its position in H.B. Fuller by 2.2% in the second quarter. First Midwest Bank Trust Division now owns 8,324 shares of the specialty chemicals company’s stock valued at $425,000 after acquiring an additional 179 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Shares of H.B. Fuller Company (NYSE:FUL) opened at $53.66 on Monday. H.B. Fuller Company has a 1 year low of $45.82 and a 1 year high of $58.74. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.72 and a current ratio of 2.63. The firm has a market cap of $2,700.86, a P/E ratio of 21.55 and a beta of 1.73.

H.B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). H.B. Fuller had a return on equity of 13.08% and a net margin of 4.76%. The company had revenue of $562.87 million for the quarter, compared to analyst estimates of $553.66 million. research analysts expect that H.B. Fuller Company will post 2.6 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 2nd. Stockholders of record on Thursday, October 19th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Wednesday, October 18th. H.B. Fuller’s payout ratio is currently 29.41%.

Several analysts have issued reports on FUL shares. Deutsche Bank AG increased their price objective 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. Zacks Investment Research downgraded shares of H.B. Fuller from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. Robert W. Baird assumed coverage on shares of H.B. Fuller in a research report on Thursday, September 14th. They issued a “neutral” rating and a $60.00 price objective for the company. KeyCorp reissued a “hold” rating on shares of H.B. Fuller in a research report on Thursday, August 24th. Finally, Citigroup Inc. downgraded shares of H.B. Fuller from a “buy” rating to a “neutral” rating and set a $60.00 price target for the company. in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. H.B. Fuller currently has a consensus rating of “Hold” and a consensus target price of $57.60.

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In related news, VP Robert J. Martsching sold 3,870 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $57.93, for a total transaction of $224,189.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Traci L. Jensen sold 5,397 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $58.40, for a total value of $315,184.80. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for H.B. Fuller (NYSE:FUL)

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