Wells Fargo & Company MN Has $3.49 Million Position in HB Fuller Co (FUL)
Wells Fargo & Company MN lessened its position in shares of HB Fuller Co (NYSE:FUL) by 35.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,037 shares of the specialty chemicals company’s stock after selling 32,666 shares during the period. Wells Fargo & Company MN’s holdings in HB Fuller were worth $3,485,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Zeke Capital Advisors LLC increased its holdings in HB Fuller by 60.3% during the 3rd quarter. Zeke Capital Advisors LLC now owns 30,253 shares of the specialty chemicals company’s stock worth $1,756,000 after acquiring an additional 11,382 shares during the period. Reynders McVeigh Capital Management LLC bought a new stake in HB Fuller during the 3rd quarter worth approximately $203,000. Trexquant Investment LP bought a new stake in HB Fuller during the 3rd quarter worth approximately $253,000. Legal & General Group Plc increased its holdings in HB Fuller by 12.3% during the 3rd quarter. Legal & General Group Plc now owns 111,863 shares of the specialty chemicals company’s stock worth $6,494,000 after acquiring an additional 12,272 shares during the period. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in HB Fuller by 92.4% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 417,610 shares of the specialty chemicals company’s stock worth $24,247,000 after acquiring an additional 200,594 shares during the period. 92.33% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on FUL. Robert W. Baird began coverage on shares of HB Fuller in a report on Thursday, September 14th. They set a “neutral” rating and a $60.00 target price on the stock. Citigroup lowered shares of HB Fuller from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a report on Tuesday, October 31st. Zacks Investment Research lowered shares of HB Fuller from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Finally, ValuEngine lowered shares of HB Fuller from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $60.00.
In other news, VP Timothy J. Keenan sold 6,500 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $55.08, for a total value of $358,020.00. Following the transaction, the vice president now owns 29,611 shares of the company’s stock, valued at approximately $1,630,973.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert J. Martsching sold 3,870 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $57.93, for a total transaction of $224,189.10. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.
HB Fuller Co (FUL) opened at $53.72 on Wednesday. The company has a market cap of $2,761.26, a price-to-earnings ratio of 26.33 and a beta of 1.73. HB Fuller Co has a twelve month low of $46.93 and a twelve month high of $58.74. The company has a quick ratio of 1.72, a current ratio of 2.63 and a debt-to-equity ratio of 0.74.
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HB Fuller Profile
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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