H.B. Fuller (NYSE:FUL) Shares Sold by Partners Capital Investment Group LLP

Partners Capital Investment Group LLP lessened its position in shares of H.B. Fuller (NYSE:FUL - Free Report) by 38.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,096 shares of the specialty chemicals company's stock after selling 21,456 shares during the period. Partners Capital Investment Group LLP owned about 0.06% of H.B. Fuller worth $2,301,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. grew its holdings 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 worth $924,000 after acquiring an additional 4,000 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in H.B. Fuller by 79.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company's stock worth $57,952,000 after acquiring an additional 324,056 shares in the last quarter. Geode Capital Management LLC grew 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 acquiring an additional 18,734 shares in the last quarter. Finally, S&CO Inc. grew its holdings in H.B. Fuller by 0.3% during the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company's stock worth $21,209,000 after acquiring an additional 920 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on FUL. JPMorgan Chase & Co. reduced their price objective on shares of H.B. Fuller from $70.00 to $60.00 and set an "underweight" rating for the company in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft reduced their price target 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. Vertical Research downgraded shares of H.B. Fuller from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Finally, Citigroup reduced their price target 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, H.B. Fuller currently has an average rating of "Hold" and a consensus target price of $75.60.

H.B. Fuller Stock Performance

Shares of FUL stock traded down $0.87 during trading hours on Wednesday, reaching $59.23. 238,759 shares of the company's stock were exchanged, compared to its average volume of 459,349. The company has a market cap of $3.24 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 1.17 and a beta of 1.42. The company's 50 day moving average is $64.54 and its two-hundred day moving average is $73.59. H.B. Fuller has a 1 year low of $58.86 and a 1 year high of $87.67. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.81 and a quick ratio of 1.16.

H.B. Fuller (NYSE:FUL - Get Free Report) last issued its earnings results 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 business had revenue of $923.00 million for the quarter, compared to analysts' expectations of $916.84 million. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The business's quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company posted $1.32 earnings per share. Equities research analysts anticipate that H.B. Fuller will post 4.07 EPS for the current fiscal year.

H.B. Fuller Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, February 6th. H.B. Fuller's dividend payout ratio (DPR) is 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.