Gabelli Funds LLC Has $24.49 Million Stock Holdings in H.B. Fuller (NYSE:FUL)

Gabelli Funds LLC lowered its position in shares of H.B. Fuller (NYSE:FUL - Free Report) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 318,200 shares of the specialty chemicals company's stock after selling 12,800 shares during the period. Gabelli Funds LLC owned 0.58% of H.B. Fuller worth $24,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FUL. Public Employees Retirement Association of Colorado increased its position in H.B. Fuller by 2,588.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 335,119 shares of the specialty chemicals company's stock worth $27,282,000 after buying an additional 322,655 shares during the period. Partners Capital Investment Group LLP bought a new stake in H.B. Fuller in the 4th quarter valued at about $5,598,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of H.B. Fuller during the 4th quarter worth approximately $738,000. Bank of New York Mellon Corp increased its holdings in shares of H.B. Fuller by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company's stock worth $40,460,000 after purchasing an additional 7,292 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its stake in shares of H.B. Fuller by 8.1% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company's stock valued at $5,491,000 after buying an additional 5,356 shares during the period. 95.93% of the stock is currently owned by institutional investors.

H.B. Fuller Price Performance

FUL stock traded up $0.11 during mid-day trading on Monday, hitting $81.51. The stock had a trading volume of 166,659 shares, compared to its average volume of 302,968. The firm has a fifty day simple moving average of $81.99 and a 200 day simple moving average of $79.54. H.B. Fuller has a 52 week low of $64.64 and a 52 week high of $87.67. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $4.44 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.27 and a beta of 1.42.

H.B. Fuller (NYSE:FUL - Get Free Report) last announced its quarterly earnings data on Thursday, June 27th. The specialty chemicals company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.09. The business had revenue of $917.10 million for the quarter, compared to analysts' expectations of $914.22 million. H.B. Fuller had a net margin of 4.67% and a return on equity of 13.33%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. As a group, research analysts forecast that H.B. Fuller will post 4.4 EPS for the current year.

H.B. Fuller Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were given a dividend of $0.2225 per share. This is an increase from H.B. Fuller's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Wednesday, July 31st. H.B. Fuller's dividend payout ratio is currently 30.38%.

Insider Activity at H.B. Fuller

In other news, VP Heather Campe sold 23,696 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $82.66, for a total value of $1,958,711.36. Following the completion of the transaction, the vice president now owns 19,742 shares of the company's stock, valued at $1,631,873.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered H.B. Fuller from a "buy" rating to a "hold" rating in a research note on Wednesday, September 18th.

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.