Everence Capital Management Inc. Cuts Position in H.B. Fuller (NYSE:FUL)

Everence Capital Management Inc. trimmed its holdings in shares of H.B. Fuller (NYSE:FUL) by 55.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,530 shares of the specialty chemicals company’s stock after selling 5,710 shares during the period. Everence Capital Management Inc.’s holdings in H.B. Fuller were worth $306,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. 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 valued at $99,939,000 after buying an additional 18,734 shares during the last quarter. Lord Abbett & CO. LLC lifted its position 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 in the last quarter. Marshall Wace LLP boosted its stake in 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 valued at $22,319,000 after purchasing an additional 26,239 shares during the last quarter. S&CO Inc. increased its holdings in shares of H.B. Fuller by 0.3% in the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock worth $21,209,000 after purchasing an additional 920 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its stake 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 worth $5,491,000 after purchasing an additional 5,356 shares during the last quarter. 95.93% of the stock is owned by institutional investors.

H.B. Fuller Price Performance

Shares of NYSE:FUL opened at $62.93 on Wednesday. The firm’s 50 day moving average price is $72.85 and its 200-day moving average price is $77.57. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $3.44 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.24 and a beta of 1.43. H.B. Fuller has a twelve month low of $61.71 and a twelve month high of $87.67.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FUL shares. Citigroup dropped their price objective on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Vertical Research lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday. Finally, StockNews.com downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $90.25.

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.