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

New York State Teachers Retirement System lessened its holdings in shares of H.B. Fuller (NYSE:FUL) by 8.8% during the 3rd quarter, HoldingsChannel reports. 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’s holdings in H.B. Fuller were worth $6,394,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FUL. Central Pacific Bank Trust Division purchased a new stake in shares of H.B. Fuller during the first quarter worth $79,000. BNP Paribas Financial Markets increased its position in H.B. Fuller by 9.9% in the 1st quarter. BNP Paribas Financial Markets now owns 45,152 shares of the specialty chemicals company’s stock worth $3,600,000 after purchasing an additional 4,077 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of H.B. Fuller by 8.1% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock worth $5,491,000 after purchasing an additional 5,356 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings 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 valued at $40,460,000 after buying an additional 7,292 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of H.B. Fuller by 9.9% in the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock valued at $22,319,000 after buying an additional 26,239 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

H.B. Fuller Price Performance

Shares of FUL stock opened at $73.49 on Tuesday. The stock’s fifty day simple moving average is $79.38 and its 200 day simple moving average is $79.32. H.B. Fuller has a one year low of $68.72 and a one year high of $87.67. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 1.38 and a beta of 1.42. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.89 and a quick ratio of 1.16.

H.B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.10). H.B. Fuller had a net margin of 5.15% and a return on equity of 13.39%. The business had revenue of $917.93 million during the quarter, compared to the consensus estimate of $944.04 million. During the same period in the prior year, the firm earned $1.06 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts expect that H.B. Fuller will post 4.17 earnings per share for the current fiscal year.

H.B. Fuller Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors 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 1.21%. H.B. Fuller’s dividend payout ratio is 27.47%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note 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.