H.B. Fuller (NYSE:FUL) Holdings Trimmed by Hillsdale Investment Management Inc.

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FUL. Geode Capital Management LLC increased its holdings in H.B. Fuller by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company's stock worth $99,939,000 after purchasing an additional 18,734 shares during the last quarter. Lord Abbett & CO. LLC grew its position in shares of H.B. Fuller by 79.8% during the third quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company's stock worth $57,952,000 after buying an additional 324,056 shares in the last quarter. Wesbanco Bank Inc. increased its stake in shares of H.B. Fuller by 41.2% in the fourth quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company's stock worth $924,000 after buying an additional 4,000 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in H.B. Fuller by 17.2% in the fourth quarter. Bank of New York Mellon Corp now owns 554,947 shares of the specialty chemicals company's stock valued at $37,448,000 after acquiring an additional 81,558 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in H.B. Fuller by 128.8% during the 4th quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company's stock valued at $61,000 after acquiring an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 95.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FUL. Seaport Res Ptn downgraded shares of H.B. Fuller from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Vertical Research cut H.B. Fuller from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on H.B. Fuller from $70.00 to $60.00 and set an "underweight" rating for the company in a report on Friday, January 17th. Citigroup decreased 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 report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced 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 report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, H.B. Fuller currently has a consensus rating of "Hold" and an average price target of $72.50.

H.B. Fuller Stock Performance

H.B. Fuller stock traded up $3.29 during midday trading on Thursday, reaching $57.61. 1,754,663 shares of the stock traded hands, compared to its average volume of 341,341. The firm has a fifty day moving average price of $58.55 and a two-hundred day moving average price of $69.00. H.B. Fuller has a fifty-two week low of $52.59 and a fifty-two week high of $87.67. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 24.94, 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.

H.B. Fuller (NYSE:FUL - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The specialty chemicals company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.05. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The business had revenue of $788.66 million during the quarter, compared to analyst estimates of $769.55 million. During the same period in the prior year, the company posted $0.67 EPS. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities research analysts forecast that H.B. Fuller will post 4.07 earnings per share for the current year.

H.B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Thursday, February 6th. H.B. Fuller's dividend payout ratio is currently 38.53%.

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.