Jane Street Group LLC Takes Position in HB Fuller Co (FUL)

Jane Street Group LLC bought a new position in HB Fuller Co (NYSE:FUL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,002 shares of the specialty chemicals company’s stock, valued at approximately $269,000.

Other large investors have also recently made changes to their positions in the company. Murphy Pohlad Asset Management LLC purchased a new position in shares of HB Fuller during the 2nd quarter valued at about $200,000. Balter Liquid Alternatives LLC purchased a new position in shares of HB Fuller during the 2nd quarter valued at about $259,000. SNS Financial Group LLC purchased a new position in shares of HB Fuller during the 2nd quarter valued at about $294,000. D.A. Davidson & CO. lifted its position in shares of HB Fuller by 20.0% during the 2nd quarter. D.A. Davidson & CO. now owns 6,000 shares of the specialty chemicals company’s stock valued at $322,000 after buying an additional 1,000 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of HB Fuller during the 2nd quarter valued at about $390,000. 97.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of FUL opened at $45.05 on Friday. The company has a market cap of $2.37 billion, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 0.79 and a beta of 1.42. HB Fuller Co has a 12-month low of $44.76 and a 12-month high of $59.58. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.48 and a current ratio of 2.25.

HB Fuller (NYSE:FUL) last issued its earnings results on Wednesday, September 26th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.04). The business had revenue of $770.11 million for the quarter, compared to the consensus estimate of $784.75 million. HB Fuller had a net margin of 4.14% and a return on equity of 13.41%. On average, equities analysts expect that HB Fuller Co will post 3.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Thursday, October 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, October 17th. HB Fuller’s dividend payout ratio (DPR) is presently 24.80%.

In related news, VP Traci L. Jensen sold 4,508 shares of HB Fuller stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $57.45, for a total transaction of $258,984.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Steven Kenny sold 2,200 shares of HB Fuller stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $56.19, for a total value of $123,618.00. Following the sale, the vice president now directly owns 30,173 shares in the company, valued at approximately $1,695,420.87. The disclosure for this sale can be found here. 3.46% of the stock is currently owned by company insiders.

FUL has been the topic of a number of analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $57.00 price objective on shares of HB Fuller in a research report on Thursday, July 5th. Berenberg Bank initiated coverage on HB Fuller in a research report on Thursday, July 12th. They set a “buy” rating and a $65.00 price objective on the stock. Zacks Investment Research raised HB Fuller from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Wednesday, August 29th. Deutsche Bank lowered their price objective on HB Fuller from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, September 28th. Finally, Robert W. Baird lowered their price objective on HB Fuller from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, September 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. HB Fuller presently has a consensus rating of “Hold” and an average target price of $61.00.

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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