Bank of New York Mellon Corp Purchases 81,558 Shares of H.B. Fuller (NYSE:FUL)

Bank of New York Mellon Corp lifted its stake in shares of H.B. Fuller (NYSE:FUL - Free Report) by 17.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 554,947 shares of the specialty chemicals company's stock after buying an additional 81,558 shares during the quarter. Bank of New York Mellon Corp owned about 1.02% of H.B. Fuller worth $37,448,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its holdings in H.B. Fuller by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company's stock valued at $99,939,000 after buying an additional 18,734 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of H.B. Fuller by 79.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company's stock valued at $57,952,000 after acquiring an additional 324,056 shares in the last quarter. S&CO Inc. increased its stake in shares of H.B. Fuller by 0.3% in the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company's stock valued at $21,209,000 after acquiring an additional 920 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its stake in H.B. Fuller by 41.2% during the 4th quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company's stock valued at $924,000 after purchasing an additional 4,000 shares in the last quarter. 95.93% of the stock is owned by institutional investors.

H.B. Fuller Stock Performance

NYSE:FUL traded down $0.07 during mid-day trading on Friday, reaching $57.07. The company's stock had a trading volume of 496,490 shares, compared to its average volume of 320,125. H.B. Fuller has a 12-month low of $54.18 and a 12-month high of $87.67. The stock has a market cap of $3.12 billion, a P/E ratio of 24.70, a PEG ratio of 1.13 and a beta of 1.41. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. The firm's fifty day moving average price is $61.09 and its two-hundred day moving average price is $71.60.

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H.B. Fuller (NYSE:FUL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The company had revenue of $923.00 million for the quarter, compared to the consensus estimate of $916.84 million. H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The company's revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.32 earnings per share. On average, equities analysts forecast that H.B. Fuller will post 4.07 EPS for the current fiscal year.

H.B. Fuller Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.2225 dividend. The ex-dividend date was Thursday, February 6th. This represents a $0.89 annualized dividend and a yield of 1.56%. H.B. Fuller's payout ratio is 38.53%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FUL shares. JPMorgan Chase & Co. lowered their target price on shares of H.B. Fuller from $70.00 to $60.00 and set an "underweight" rating for the company in a report on Friday, January 17th. Vertical Research lowered shares of H.B. Fuller from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of H.B. Fuller from $75.00 to $72.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Citigroup cut their price objective on shares of H.B. Fuller from $78.00 to $68.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. Finally, Seaport Res Ptn downgraded shares of H.B. Fuller from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $75.60.

H.B. Fuller Company 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.