New York State Teachers Retirement System Has $4.48 Million Stock Holdings in H.B. Fuller (NYSE:FUL)

New York State Teachers Retirement System trimmed its position in H.B. Fuller (NYSE:FUL - Free Report) by 17.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 66,454 shares of the specialty chemicals company's stock after selling 14,100 shares during the period. New York State Teachers Retirement System owned 0.12% of H.B. Fuller worth $4,484,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Lord Abbett & CO. LLC lifted its stake in shares of H.B. Fuller by 79.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company's stock valued at $57,952,000 after acquiring an additional 324,056 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of H.B. Fuller by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company's stock valued at $99,939,000 after acquiring an additional 18,734 shares during the last quarter. S&CO Inc. lifted its stake in shares of H.B. Fuller by 0.3% in the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company's stock valued at $21,209,000 after acquiring an additional 920 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in shares of H.B. Fuller by 41.2% in the 4th quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company's stock valued at $924,000 after acquiring an additional 4,000 shares during the last quarter. 95.93% of the stock is currently owned by institutional investors.

H.B. Fuller Trading Up 0.0 %

NYSE:FUL traded up $0.03 during trading hours on Monday, hitting $57.36. 395,141 shares of the company were exchanged, compared to its average volume of 463,747. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 1.13 and a beta of 1.42. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. H.B. Fuller has a one year low of $56.97 and a one year high of $87.67. The company has a fifty day simple moving average of $63.32 and a 200 day simple moving average of $73.02.

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H.B. Fuller (NYSE:FUL - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The business had revenue of $923.00 million for the quarter, compared to analyst estimates of $916.84 million. During the same quarter in the previous year, the business posted $1.32 earnings per share. The business's revenue was up 2.2% on a year-over-year basis. Sell-side analysts expect that H.B. Fuller will post 4.07 EPS for the current fiscal year.

H.B. Fuller Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.2225 per share. The ex-dividend date was Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a yield of 1.55%. H.B. Fuller's payout ratio is currently 38.53%.

Analyst Ratings Changes

A number of brokerages have recently commented on FUL. JPMorgan Chase & Co. dropped their price target on H.B. Fuller from $70.00 to $60.00 and set an "underweight" rating for the company in a research note on Friday, January 17th. Citigroup dropped their price target on H.B. Fuller from $78.00 to $68.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Vertical Research lowered H.B. Fuller from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on H.B. Fuller from $75.00 to $72.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, H.B. Fuller currently has a consensus rating of "Hold" and a consensus target price of $75.60.

H.B. Fuller 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.