Geode Capital Management LLC Has $99.94 Million Stock Holdings in H.B. Fuller (NYSE:FUL)

Geode Capital Management LLC raised its position in H.B. Fuller (NYSE:FUL - Free Report) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,258,752 shares of the specialty chemicals company's stock after buying an additional 18,734 shares during the period. Geode Capital Management LLC owned 2.30% of H.B. Fuller worth $99,939,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP increased its stake in shares of H.B. Fuller by 9.9% in the second quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company's stock valued at $22,319,000 after buying an additional 26,239 shares in the last quarter. Bank of New York Mellon Corp lifted its position in H.B. Fuller by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company's stock worth $40,460,000 after buying an additional 7,292 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in H.B. Fuller by 8.1% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company's stock worth $5,491,000 after acquiring an additional 5,356 shares during the last quarter. New York State Teachers Retirement System increased its position in H.B. Fuller by 3.1% in the 2nd quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company's stock valued at $6,799,000 after acquiring an additional 2,694 shares in the last quarter. Finally, S&CO Inc. raised its stake in shares of H.B. Fuller by 0.3% in the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company's stock worth $21,209,000 after acquiring an additional 920 shares during the last quarter. 95.93% of the stock is owned by institutional investors.

H.B. Fuller Trading Down 1.1 %

Shares of NYSE:FUL traded down $0.76 during trading on Thursday, hitting $69.05. 356,106 shares of the company's stock were exchanged, compared to its average volume of 298,732. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. The firm has a market cap of $3.77 billion, a P/E ratio of 21.31, a PEG ratio of 1.25 and a beta of 1.41. The firm has a 50-day moving average price of $75.87 and a two-hundred day moving average price of $78.67. H.B. Fuller has a 1-year low of $68.81 and a 1-year high of $87.67.

H.B. Fuller (NYSE:FUL - Get Free Report) last released its earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.10). The business had revenue of $917.93 million for the quarter, compared to analyst estimates of $944.04 million. H.B. Fuller had a return on equity of 13.39% and a net margin of 5.15%. H.B. Fuller's revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 EPS. Equities analysts predict that H.B. Fuller will post 4.17 earnings per share for the current year.

H.B. Fuller Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were issued a $0.2225 dividend. The ex-dividend date was Thursday, October 17th. This represents a $0.89 dividend on an annualized basis and a yield of 1.29%. H.B. Fuller's dividend payout ratio is presently 27.47%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FUL. StockNews.com cut shares of H.B. Fuller from a "buy" rating to a "hold" rating in a research note on Wednesday, September 18th. Citigroup decreased their price objective on H.B. Fuller from $85.00 to $78.00 and set a "neutral" rating on the stock in a research report on Wednesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, H.B. Fuller presently has a consensus rating of "Hold" and an average target price of $92.75.

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.