New York State Teachers Retirement System Has $6.39 Million Holdings in H.B. Fuller (NYSE:FUL)

New York State Teachers Retirement System reduced its holdings in H.B. Fuller (NYSE:FUL - Free Report) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 80,554 shares of the specialty chemicals company's stock after selling 7,794 shares during the period. New York State Teachers Retirement System owned 0.15% of H.B. Fuller worth $6,394,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FUL. Bank of New York Mellon Corp increased its position in shares of 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 purchasing an additional 7,292 shares during the last quarter. Marshall Wace LLP increased its holdings in H.B. Fuller by 9.9% during the second quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company's stock worth $22,319,000 after buying an additional 26,239 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in H.B. Fuller by 8.1% during the second 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 in the last quarter. BNP Paribas Financial Markets lifted its stake in H.B. Fuller by 9.9% in the first quarter. BNP Paribas Financial Markets now owns 45,152 shares of the specialty chemicals company's stock valued at $3,600,000 after acquiring an additional 4,077 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of H.B. Fuller in the 1st quarter valued at about $79,000. 95.93% of the stock is owned by institutional investors.

H.B. Fuller Stock Performance

Shares of NYSE:FUL traded up $0.67 on Tuesday, hitting $74.16. The company had a trading volume of 130,366 shares, compared to its average volume of 302,561. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 1.38 and a beta of 1.42. The stock has a 50 day moving average price of $79.19 and a 200 day moving average price of $79.30. H.B. Fuller has a 1-year low of $68.72 and a 1-year 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 1.10.

H.B. Fuller (NYSE:FUL - Get Free Report) last issued its quarterly earnings data on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.10). The company 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%. The company's revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business earned $1.06 earnings per share. Analysts expect that H.B. Fuller will post 4.17 EPS for the current year.

H.B. Fuller Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were given a $0.2225 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.20%. H.B. Fuller's payout ratio is presently 27.47%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of H.B. Fuller from a "buy" rating to a "hold" rating in a report on Wednesday, September 18th.

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.