HB Fuller Co (FUL) Shares Bought by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC grew its stake in HB Fuller Co (NYSE:FUL) by 5.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,194 shares of the specialty chemicals company’s stock after purchasing an additional 1,200 shares during the period. MetLife Investment Advisors LLC’s holdings in HB Fuller were worth $1,245,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FUL. Thrivent Financial for Lutherans grew its position in HB Fuller by 8.2% in the 1st quarter. Thrivent Financial for Lutherans now owns 34,024 shares of the specialty chemicals company’s stock worth $1,692,000 after purchasing an additional 2,564 shares during the last quarter. Neuberger Berman Group LLC grew its position in HB Fuller by 9.4% in the 1st quarter. Neuberger Berman Group LLC now owns 24,500 shares of the specialty chemicals company’s stock worth $1,218,000 after purchasing an additional 2,100 shares during the last quarter. New York State Common Retirement Fund grew its position in HB Fuller by 233.6% in the 1st quarter. New York State Common Retirement Fund now owns 216,528 shares of the specialty chemicals company’s stock worth $10,768,000 after purchasing an additional 151,615 shares during the last quarter. California Public Employees Retirement System grew its position in HB Fuller by 2.3% in the 1st quarter. California Public Employees Retirement System now owns 130,579 shares of the specialty chemicals company’s stock worth $6,494,000 after purchasing an additional 2,887 shares during the last quarter. Finally, Cooke & Bieler LP grew its position in HB Fuller by 4.5% in the 1st quarter. Cooke & Bieler LP now owns 413,580 shares of the specialty chemicals company’s stock worth $20,567,000 after purchasing an additional 17,640 shares during the last quarter. Institutional investors own 97.65% of the company’s stock.

Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of HB Fuller from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday, August 29th. Berenberg Bank assumed coverage on shares of HB Fuller in a research report on Thursday, July 12th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $57.00 price target on shares of HB Fuller in a research report on Thursday, July 5th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $61.13.

In other news, VP Steven Kenny sold 2,200 shares of the firm’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $56.19, for a total transaction of $123,618.00. Following the completion of the transaction, the vice president now directly owns 30,173 shares of the company’s stock, valued at approximately $1,695,420.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Traci L. Jensen sold 4,508 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $57.45, for a total transaction of $258,984.60. The disclosure for this sale can be found here. Insiders have sold a total of 12,208 shares of company stock valued at $680,263 over the last ninety days. 3.46% of the stock is owned by insiders.

NYSE:FUL opened at $57.23 on Wednesday. The stock has a market cap of $2.95 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 0.95 and a beta of 1.48. HB Fuller Co has a 52 week low of $46.62 and a 52 week high of $59.58. The company has a quick ratio of 1.46, a current ratio of 2.24 and a debt-to-equity ratio of 2.07.

HB Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, June 27th. The specialty chemicals company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The company had revenue of $789.39 million during the quarter, compared to the consensus estimate of $808.06 million. HB Fuller had a net margin of 4.00% and a return on equity of 12.66%. equities research analysts expect that HB Fuller Co will post 3.23 EPS for the current year.

HB Fuller Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.

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Institutional Ownership by Quarter for HB Fuller (NYSE:FUL)

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