The Suntrust Banks Inc. Acquires 148 Shares of H. B. Fuller Company (FUL)

The Suntrust Banks Inc. Acquires 148 Shares of H. B. Fuller Company (FUL)

Suntrust Banks Inc. raised its position in H. B. Fuller Company (NYSE:FUL) by 1.0% during the third quarter, Holdings Channel reports. The institutional investor owned 15,288 shares of the company’s stock after buying an additional 148 shares during the period. Suntrust Banks Inc.’s holdings in H. B. Fuller Company were worth $710,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. BlackRock Fund Advisors boosted its stake in shares of H. B. Fuller Company by 8.0% in the third quarter. BlackRock Fund Advisors now owns 3,597,431 shares of the company’s stock worth $167,173,000 after buying an additional 266,324 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of H. B. Fuller Company by 557.8% in the third quarter. Eagle Asset Management Inc. now owns 269,308 shares of the company’s stock worth $12,514,000 after buying an additional 228,370 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of H. B. Fuller Company by 3.4% in the second quarter. Vanguard Group Inc. now owns 4,400,040 shares of the company’s stock worth $193,558,000 after buying an additional 145,591 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of H. B. Fuller Company by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,790,936 shares of the company’s stock worth $78,781,000 after buying an additional 144,249 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of H. B. Fuller Company during the second quarter worth about $4,399,000. Hedge funds and other institutional investors own 89.73% of the company’s stock.

H. B. Fuller Company (NYSE:FUL) traded up 0.98% during midday trading on Wednesday, reaching $50.43. 429,887 shares of the company’s stock were exchanged. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 23.46 and a beta of 1.76. The firm has a 50-day moving average price of $48.88 and a 200 day moving average price of $46.63. H. B. Fuller Company has a 52 week low of $33.94 and a 52 week high of $50.92.

A number of equities research analysts have issued reports on FUL shares. Citigroup Inc. started coverage on shares of H. B. Fuller Company in a report on Thursday, September 29th. They set a “buy” rating and a $53.00 price target for the company. Zacks Investment Research upgraded shares of H. B. Fuller Company from a “sell” rating to a “hold” rating and set a $53.00 price target for the company in a report on Tuesday, November 29th. Seaport Global Securities cut shares of H. B. Fuller Company from an “accumulate” rating to a “neutral” rating in a report on Monday, December 12th. Deutsche Bank AG decreased their price target on shares of H. B. Fuller Company from $50.00 to $47.00 and set a “hold” rating for the company in a report on Friday, September 23rd. Finally, J P Morgan Chase & Co cut shares of H. B. Fuller Company from an “overweight” rating to a “neutral” rating and set a $49.00 price target for the company. in a report on Wednesday, November 30th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. H. B. Fuller Company has an average rating of “Hold” and a consensus target price of $50.60.

In related news, VP Timothy J. Keenan sold 8,236 shares of the firm’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $44.98, for a total transaction of $370,455.28. Following the sale, the vice president now directly owns 29,027 shares in the company, valued at $1,305,634.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.55% of the company’s stock.

H. B. Fuller Company Company 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, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.

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