Bank of New York Mellon Corp Increases Holdings in H.B. Fuller (NYSE:FUL)

Bank of New York Mellon Corp grew its holdings in shares of H.B. Fuller (NYSE:FUL) by 17.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 554,947 shares of the specialty chemicals company’s stock after buying an additional 81,558 shares during the quarter. Bank of New York Mellon Corp owned 1.02% of H.B. Fuller worth $37,448,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Wesbanco Bank Inc. grew its stake in H.B. Fuller by 41.2% in 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. S&CO Inc. boosted its stake in shares of H.B. Fuller by 0.3% during the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after purchasing an additional 920 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake 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 valued at $57,952,000 after purchasing an additional 324,056 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in H.B. Fuller by 1.5% in 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 acquiring an additional 18,734 shares in the last quarter. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

H.B. Fuller Trading Down 0.1 %

Shares of NYSE:FUL opened at $57.07 on Friday. H.B. Fuller has a 52 week low of $54.18 and a 52 week high of $87.67. The company’s 50 day moving average is $61.30 and its two-hundred day moving average is $71.82. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. The company has a market cap of $3.12 billion, a PE ratio of 24.70, a P/E/G ratio of 1.13 and a beta of 1.41.

H.B. Fuller (NYSE:FUL) last announced its quarterly earnings data on Wednesday, January 15th. The specialty chemicals company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The firm had revenue of $923.00 million during the quarter, compared to analysts’ expectations of $916.84 million. H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share. Equities analysts predict that H.B. Fuller will post 4.07 earnings per share for the current fiscal year.

H.B. Fuller Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Thursday, February 6th. H.B. Fuller’s payout ratio is currently 38.53%.

Wall Street Analysts Forecast Growth

FUL has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Citigroup decreased 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 report on Friday, January 3rd. Vertical Research cut shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Seaport Res Ptn cut shares of H.B. Fuller from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped 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 analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, H.B. Fuller currently has a consensus rating of “Hold” and a consensus target price of $75.60.

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.