Quantbot Technologies LP Takes $266,000 Position in H.B. Fuller (NYSE:FUL)

Quantbot Technologies LP acquired a new position in H.B. Fuller (NYSE:FUL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,942 shares of the specialty chemicals company’s stock, valued at approximately $266,000.

Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in shares of H.B. Fuller by 128.8% during the 4th 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. Wesbanco Bank Inc. raised its holdings in H.B. Fuller by 41.2% in the fourth quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company’s stock worth $924,000 after purchasing an additional 4,000 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 worth $99,939,000 after purchasing an additional 18,734 shares in the last quarter. Amundi lifted its position in shares of H.B. Fuller by 191.9% during the fourth quarter. Amundi now owns 28,553 shares of the specialty chemicals company’s stock valued at $1,804,000 after buying an additional 18,771 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of H.B. Fuller by 17.2% in the 4th 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 buying an additional 81,558 shares in the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

H.B. Fuller Trading Down 5.0 %

Shares of NYSE:FUL opened at $54.76 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10. H.B. Fuller has a 52-week low of $52.59 and a 52-week high of $87.67. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 1.13 and a beta of 1.41. The business has a 50-day moving average price of $58.31 and a 200-day moving average price of $68.68.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, March 26th. The specialty chemicals company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $788.66 million during the quarter, compared to analyst estimates of $769.55 million. H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. H.B. Fuller’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.67 EPS. Equities analysts predict that H.B. Fuller will post 4.07 EPS for the current year.

H.B. Fuller Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders 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 dividend yield of 1.63%. H.B. Fuller’s payout ratio is 44.50%.

Wall Street Analysts Forecast Growth

FUL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on H.B. Fuller from $60.00 to $50.00 and set an “underweight” rating on the stock in a research report on Friday. Vertical Research downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Seaport Res Ptn downgraded shares of H.B. Fuller from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of H.B. Fuller from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Citigroup dropped their target price on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. One equities 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.