Kennedy Capital Management LLC Increases Stake in H. B. Fuller Company $FUL

Kennedy Capital Management LLC grew its position in H. B. Fuller Company (NYSE:FUL) by 131.2% during the 3rd quarter, Holdings Channel reports. The fund owned 439,444 shares of the specialty chemicals company’s stock after buying an additional 249,350 shares during the quarter. H. B. Fuller comprises about 0.6% of Kennedy Capital Management LLC’s holdings, making the stock its 23rd biggest position. Kennedy Capital Management LLC’s holdings in H. B. Fuller were worth $26,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FUL. Cooke & Bieler LP raised its holdings in H. B. Fuller by 94.9% during the third quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company’s stock worth $87,795,000 after purchasing an additional 721,100 shares in the last quarter. Norges Bank acquired a new position in H. B. Fuller during the 2nd quarter worth approximately $40,584,000. UBS Group AG raised its stake in shares of H. B. Fuller by 200.8% during the 3rd quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company’s stock worth $48,661,000 after buying an additional 548,017 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its stake in shares of H. B. Fuller by 287.2% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 371,650 shares of the specialty chemicals company’s stock worth $22,031,000 after buying an additional 275,654 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of H. B. Fuller by 80.4% in 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 during the period. 95.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

H. B. Fuller Trading Down 0.8%

NYSE:FUL traded down $0.44 on Friday, reaching $54.86. The stock had a trading volume of 55,151 shares, compared to its average volume of 469,875. H. B. Fuller Company has a 12-month low of $47.56 and a 12-month high of $68.63. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 0.86 and a beta of 1.07. The firm’s fifty day moving average is $63.02 and its two-hundred day moving average is $60.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.70 and a quick ratio of 1.06.

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

H. B. Fuller Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, February 5th. H. B. Fuller’s payout ratio is presently 31.33%.

H. B. Fuller Company 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.