Envestnet Asset Management Inc. Trims Position in H. B. Fuller Company $FUL

Envestnet Asset Management Inc. lowered its holdings in H. B. Fuller Company (NYSE:FUL) by 7.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 242,749 shares of the specialty chemicals company’s stock after selling 20,367 shares during the period. Envestnet Asset Management Inc. owned 0.45% of H. B. Fuller worth $14,390,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FUL. Cooke & Bieler LP grew its holdings in H. B. Fuller by 94.9% in the 3rd quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company’s stock valued at $87,795,000 after buying an additional 721,100 shares during the period. Geode Capital Management LLC increased its position in H. B. Fuller by 0.4% during the second quarter. Geode Capital Management LLC now owns 1,286,348 shares of the specialty chemicals company’s stock worth $77,383,000 after purchasing an additional 5,323 shares during the last quarter. Norges Bank purchased a new position in H. B. Fuller during the second quarter worth approximately $40,584,000. JPMorgan Chase & Co. boosted its holdings in shares of H. B. Fuller by 16.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock valued at $36,815,000 after purchasing an additional 85,469 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew its stake in shares of 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 during the period. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

H. B. Fuller Stock Up 1.1%

Shares of NYSE:FUL opened at $67.43 on Tuesday. H. B. Fuller Company has a 12-month low of $47.56 and a 12-month high of $68.63. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 1.01. The firm has a market cap of $3.66 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The company has a fifty day simple moving average of $61.91 and a 200 day simple moving average of $60.02.

H. B. Fuller (NYSE:FUL) last released its earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $894.79 million during the quarter, compared to the consensus estimate of $901.34 million. During the same quarter in the previous year, the firm earned $0.92 EPS. The company’s revenue was down 3.1% on a year-over-year basis. On average, equities research analysts anticipate that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be paid a dividend of $0.235 per share. The ex-dividend date is Thursday, February 5th. This represents a $0.94 annualized dividend and a yield of 1.4%. H. B. Fuller’s dividend payout ratio (DPR) is 31.33%.

Analyst Upgrades and Downgrades

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

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.