HB Fuller Co (FUL) Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. reduced its stake in HB Fuller Co (NYSE:FUL) by 10.4% in the 3rd quarter, Holdings Channel reports. The firm owned 151,275 shares of the specialty chemicals company’s stock after selling 17,600 shares during the period. Tocqueville Asset Management L.P.’s holdings in HB Fuller were worth $7,816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in FUL. BlackRock Inc. raised its position in shares of HB Fuller by 6.1% in the 2nd quarter. BlackRock Inc. now owns 7,233,376 shares of the specialty chemicals company’s stock valued at $388,286,000 after purchasing an additional 415,166 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of HB Fuller by 13.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,809,497 shares of the specialty chemicals company’s stock valued at $150,814,000 after purchasing an additional 335,020 shares during the last quarter. Channing Capital Management LLC raised its position in shares of HB Fuller by 8.4% in the 3rd quarter. Channing Capital Management LLC now owns 1,144,579 shares of the specialty chemicals company’s stock valued at $59,140,000 after purchasing an additional 88,582 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new position in shares of HB Fuller in the 2nd quarter valued at approximately $4,480,000. Finally, Cornerstone Wealth Management LLC purchased a new position in shares of HB Fuller in the 3rd quarter valued at approximately $1,078,000. 98.42% of the stock is owned by hedge funds and other institutional investors.

In other HB Fuller news, VP Traci L. Jensen sold 4,129 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $46.01, for a total transaction of $189,975.29. Following the completion of the transaction, the vice president now directly owns 20,997 shares of the company’s stock, valued at approximately $966,071.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.46% of the company’s stock.

FUL opened at $41.68 on Friday. HB Fuller Co has a 12-month low of $41.26 and a 12-month high of $59.58. The company has a quick ratio of 1.48, a current ratio of 2.25 and a debt-to-equity ratio of 2.03. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 0.59 and a beta of 1.46.

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

Several brokerages recently commented on FUL. Zacks Investment Research raised shares of HB Fuller from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Wednesday, August 29th. ValuEngine lowered shares of HB Fuller from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Robert W. Baird reduced their price target on shares of HB Fuller from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, September 28th. Finally, Deutsche Bank reduced their price target on shares of HB Fuller from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, September 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $61.00.

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HB Fuller Company 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.

Read More: Price to Earnings Ratio (PE)

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

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