Hillsdale Investment Management Inc. Lowers Stock Holdings in H.B. Fuller (NYSE:FUL)

Hillsdale Investment Management Inc. cut its stake in shares of H.B. Fuller (NYSE:FUL) by 22.1% in the 4th quarter, Holdings Channel reports. The fund owned 36,970 shares of the specialty chemicals company’s stock after selling 10,500 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in H.B. Fuller were worth $2,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FUL. Jones Financial Companies Lllp raised its stake in shares of H.B. Fuller by 128.8% during the fourth quarter. Jones Financial Companies Lllp now owns 899 shares of the specialty chemicals company’s stock worth $61,000 after purchasing an additional 506 shares during the last quarter. Quantbot Technologies LP acquired a new position in H.B. Fuller in the 4th quarter valued at $266,000. Wesbanco Bank Inc. raised its position 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 buying an additional 4,000 shares during the last quarter. Amundi lifted its stake in shares of H.B. Fuller by 191.9% in the 4th quarter. Amundi now owns 28,553 shares of the specialty chemicals company’s stock worth $1,804,000 after acquiring an additional 18,771 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of H.B. Fuller by 17.2% in the fourth quarter. Bank of New York Mellon Corp now owns 554,947 shares of the specialty chemicals company’s stock valued at $37,448,000 after acquiring an additional 81,558 shares in the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

H.B. Fuller Stock Performance

Shares of FUL stock opened at $53.55 on Friday. 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 stock has a market cap of $2.90 billion, a PE ratio of 23.18, a P/E/G ratio of 1.13 and a beta of 1.41. H.B. Fuller has a 1 year low of $52.59 and a 1 year high of $87.67. The stock has a fifty day moving average price of $59.12 and a 200 day moving average price of $69.55.

H.B. Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, January 15th. The specialty chemicals company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The business had revenue of $923.00 million during the quarter, compared to analysts’ expectations of $916.84 million. During the same quarter in the prior year, the firm earned $1.32 earnings per share. H.B. Fuller’s quarterly revenue was up 2.2% on a year-over-year basis. Sell-side analysts forecast 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. Stockholders of record on Thursday, February 6th were paid a dividend of $0.2225 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.66%. H.B. Fuller’s dividend payout ratio (DPR) is 38.53%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FUL. Citigroup reduced their price objective 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. JPMorgan Chase & Co. reduced their price target on H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Vertical Research lowered H.B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft reduced their target price on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Finally, Seaport Res Ptn cut shares of H.B. Fuller from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, H.B. Fuller has a consensus rating of “Hold” and a consensus target price of $72.50.

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.