Lord Abbett & CO. LLC Grows Holdings in H.B. Fuller (NYSE:FUL)

Lord Abbett & CO. LLC boosted its stake in shares of H.B. Fuller (NYSE:FUL - Free Report) by 79.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 730,058 shares of the specialty chemicals company's stock after purchasing an additional 324,056 shares during the period. Lord Abbett & CO. LLC owned 1.34% of H.B. Fuller worth $57,952,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in FUL. Marshall Wace LLP increased its holdings in shares of H.B. Fuller by 9.9% during the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company's stock worth $22,319,000 after acquiring an additional 26,239 shares during the last quarter. Geode Capital Management LLC increased its position 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 buying an additional 18,734 shares during the period. Bank of New York Mellon Corp raised its stake in H.B. Fuller by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 525,731 shares of the specialty chemicals company's stock worth $40,460,000 after purchasing an additional 7,292 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of H.B. Fuller by 8.1% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company's stock valued at $5,491,000 after buying an additional 5,356 shares in the last quarter. Finally, New York State Teachers Retirement System grew its position in H.B. Fuller by 3.1% during the second quarter. New York State Teachers Retirement System now owns 88,348 shares of the specialty chemicals company's stock worth $6,799,000 after buying an additional 2,694 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company's stock.

H.B. Fuller Trading Down 0.2 %

Shares of FUL stock traded down $0.14 during trading hours on Friday, hitting $73.43. 275,845 shares of the company's stock traded hands, compared to its average volume of 298,365. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. H.B. Fuller has a 12 month low of $72.60 and a 12 month high of $87.67. The stock has a market cap of $4.01 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 1.25 and a beta of 1.41. The stock's 50 day simple moving average is $76.25 and its 200 day simple moving average is $78.83.

H.B. Fuller (NYSE:FUL - Get Free Report) last released its earnings results on Wednesday, September 25th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.10). H.B. Fuller had a net margin of 5.15% and a return on equity of 13.39%. The firm had revenue of $917.93 million during the quarter, compared to analyst estimates of $944.04 million. During the same quarter in the previous year, the firm earned $1.06 EPS. H.B. Fuller's quarterly revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts anticipate that H.B. Fuller will post 4.17 EPS for the current year.

H.B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were paid a dividend of $0.2225 per share. The ex-dividend date was Thursday, October 17th. This represents a $0.89 dividend on an annualized basis and a yield of 1.21%. H.B. Fuller's dividend payout ratio (DPR) is currently 27.47%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of H.B. Fuller from a "buy" rating to a "hold" rating in a research report on Wednesday, September 18th.

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.