Jones Financial Companies Lllp Purchases 506 Shares of H.B. Fuller (NYSE:FUL)

Jones Financial Companies Lllp lifted its position in shares of H.B. Fuller (NYSE:FUL) by 128.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 899 shares of the specialty chemicals company’s stock after purchasing an additional 506 shares during the period. Jones Financial Companies Lllp’s holdings in H.B. Fuller were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FUL. Lord Abbett & CO. LLC grew its holdings 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 purchasing an additional 324,056 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of H.B. Fuller by 17.2% during the fourth quarter. Bank of New York Mellon Corp now owns 554,947 shares of the specialty chemicals company’s stock worth $37,448,000 after purchasing an additional 81,558 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of H.B. Fuller by 1.5% during the third 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. Finally, Wesbanco Bank Inc. grew its holdings in shares of 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 purchasing an additional 4,000 shares during the last quarter. 95.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FUL has been the topic of several research reports. Vertical Research cut H.B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut their price objective on 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. Citigroup cut their price objective on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, January 3rd. Seaport Res Ptn lowered H.B. Fuller from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. cut their price objective on H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $75.60.

H.B. Fuller Price Performance

Shares of FUL opened at $54.01 on Tuesday. H.B. Fuller has a 52-week low of $52.59 and a 52-week high of $87.67. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.81. The business’s 50 day moving average price is $59.82 and its two-hundred day moving average price is $70.32. The firm has a market cap of $2.93 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.13 and a beta of 1.41.

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

H.B. Fuller Announces Dividend

The company also recently disclosed 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 of this dividend was Thursday, February 6th. This represents a $0.89 annualized dividend and a dividend yield of 1.65%. H.B. Fuller’s dividend payout ratio 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.