Hillsdale Investment Management Inc. Lowers Position in H.B. Fuller (NYSE:FUL)

Hillsdale Investment Management Inc. reduced its position in H.B. Fuller (NYSE:FUL - Free Report) by 22.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,970 shares of the specialty chemicals company's stock after selling 10,500 shares during the period. Hillsdale Investment Management Inc. owned about 0.07% of H.B. Fuller worth $2,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in H.B. Fuller by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company's stock valued at $99,939,000 after purchasing an additional 18,734 shares during the period. Lord Abbett & CO. LLC grew its stake in 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 during the period. Bank of New York Mellon Corp increased its holdings in H.B. Fuller by 17.2% in the 4th quarter. Bank of New York Mellon Corp now owns 554,947 shares of the specialty chemicals company's stock worth $37,448,000 after acquiring an additional 81,558 shares in the last quarter. Amundi increased its holdings in H.B. Fuller by 191.9% in the 4th quarter. Amundi now owns 28,553 shares of the specialty chemicals company's stock worth $1,804,000 after acquiring an additional 18,771 shares in the last quarter. Finally, Wesbanco Bank Inc. raised its position in H.B. Fuller by 41.2% during the fourth quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company's stock worth $924,000 after acquiring an additional 4,000 shares during the period. 95.93% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

FUL has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of H.B. Fuller from $75.00 to $72.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. decreased their target price on H.B. Fuller from $70.00 to $60.00 and set an "underweight" rating on the stock in a research report on Friday, January 17th. Vertical Research lowered H.B. Fuller from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Citigroup reduced their price objective on H.B. Fuller from $78.00 to $68.00 and set a "neutral" rating for the company in a research note on Friday, January 3rd. Finally, Seaport Res Ptn lowered H.B. Fuller from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $72.50.

H.B. Fuller Trading Up 1.2 %

H.B. Fuller stock traded up $0.63 during trading on Wednesday, reaching $54.46. 701,698 shares of the company were exchanged, compared to its average volume of 335,688. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.81 and a quick ratio of 1.16. The stock's 50 day simple moving average is $58.55 and its two-hundred day simple moving average is $69.00. The company has a market capitalization of $2.95 billion, a P/E ratio of 23.57, a PEG ratio of 1.13 and a beta of 1.41. H.B. Fuller has a 52-week low of $52.59 and a 52-week high of $87.67.

H.B. Fuller (NYSE:FUL - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The specialty chemicals company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.04. H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The firm had revenue of $788.66 million for the quarter, compared to analysts' expectations of $769.55 million. During the same quarter in the previous year, the company posted $0.67 EPS. The company's revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts expect that H.B. Fuller will post 4.07 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, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.2225 per share. The ex-dividend date was Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.63%. H.B. Fuller's dividend payout ratio is currently 38.53%.

About H.B. Fuller

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.