KLP Kapitalforvaltning AS Purchases New Shares in H.B. Fuller (NYSE:FUL)

KLP Kapitalforvaltning AS purchased a new position in shares of H.B. Fuller (NYSE:FUL) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 11,600 shares of the specialty chemicals company’s stock, valued at approximately $783,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake 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 worth $99,939,000 after buying an additional 18,734 shares during the period. Lord Abbett & CO. LLC lifted its position in H.B. Fuller by 79.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock worth $57,952,000 after acquiring an additional 324,056 shares during the period. Wesbanco Bank Inc. grew its stake in shares of 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 valued at $924,000 after purchasing an additional 4,000 shares during the last quarter. Bank of New York Mellon Corp increased 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 purchasing an additional 81,558 shares during the period. Finally, 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. 95.93% of the stock is owned by hedge funds and other institutional investors.

H.B. Fuller Price Performance

FUL stock opened at $56.17 on Tuesday. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.13 and a beta of 1.41. 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 firm has a 50 day moving average of $58.19 and a 200-day moving average of $68.44. H.B. Fuller has a 12-month low of $52.59 and a 12-month high of $87.67.

H.B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, March 26th. The specialty chemicals company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.05. The firm had revenue of $788.66 million during the quarter, compared to analysts’ expectations of $769.55 million. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. H.B. Fuller’s revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. As a group, equities analysts expect that H.B. Fuller will post 4.07 EPS for the current fiscal year.

H.B. Fuller Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.2225 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a yield of 1.58%. H.B. Fuller’s payout ratio is 44.50%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. 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. Vertical Research lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Citigroup lowered their price objective on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. cut their target price on H.B. Fuller from $60.00 to $50.00 and set an “underweight” rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. One research 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 has a consensus rating of “Hold” and a consensus target price of $70.00.

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.