Intech Investment Management LLC Cuts Position in H. B. Fuller Company $FUL

Intech Investment Management LLC decreased its holdings in shares of H. B. Fuller Company (NYSE:FUL) by 42.5% in the third quarter, Holdings Channel.com reports. The firm owned 21,352 shares of the specialty chemicals company’s stock after selling 15,813 shares during the period. Intech Investment Management LLC’s holdings in H. B. Fuller were worth $1,266,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Deprince Race & Zollo Inc. increased its position in H. B. Fuller by 80.4% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 555,877 shares of the specialty chemicals company’s stock valued at $32,952,000 after buying an additional 247,815 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in H. B. Fuller by 38.3% in the third quarter. New York State Common Retirement Fund now owns 149,448 shares of the specialty chemicals company’s stock worth $8,859,000 after acquiring an additional 41,365 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in H. B. Fuller by 16.2% in the second quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock worth $36,815,000 after acquiring an additional 85,469 shares in the last quarter. Luminus Management LLC purchased a new stake in shares of H. B. Fuller in the third quarter worth $2,172,000. Finally, Squarepoint Ops LLC bought a new position in shares of H. B. Fuller during the second quarter valued at $1,661,000. 95.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FUL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. Citigroup lifted their target price on shares of H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, January 16th. UBS Group set a $66.00 target price on shares of H. B. Fuller in a research note on Friday, January 16th. Finally, Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $67.75.

H. B. Fuller Price Performance

NYSE FUL opened at $58.92 on Friday. H. B. Fuller Company has a one year low of $47.56 and a one year high of $68.63. The stock has a 50-day moving average of $63.24 and a 200 day moving average of $60.70. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 0.92 and a beta of 1.07.

H. B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. The firm had revenue of $894.79 million for the quarter, compared to the consensus estimate of $901.34 million. During the same quarter last year, the firm posted $0.92 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts forecast that H. B. Fuller Company will post 4.07 EPS for the current year.

H. B. Fuller Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, February 5th. H. B. Fuller’s payout ratio is 31.33%.

H. B. Fuller Profile

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.