Hillsdale Investment Management Inc. Trims Holdings in H.B. Fuller (NYSE:FUL)

Hillsdale Investment Management Inc. lowered its stake in shares of H.B. Fuller (NYSE:FUL) by 22.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 36,970 shares of the specialty chemicals company’s stock after selling 10,500 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.07% of H.B. Fuller worth $2,495,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FUL. Jones Financial Companies Lllp boosted its holdings in 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 valued at $61,000 after acquiring an additional 506 shares during the period. Quantbot Technologies LP purchased a new position in shares of H.B. Fuller in the fourth quarter valued at approximately $266,000. Wesbanco Bank Inc. increased its stake in H.B. Fuller by 41.2% during the 4th quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company’s stock worth $924,000 after buying an additional 4,000 shares during the period. Amundi boosted its position in H.B. Fuller by 191.9% in the 4th 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 period. Finally, Bank of New York Mellon Corp grew its stake 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 worth $37,448,000 after acquiring an additional 81,558 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

H.B. Fuller Stock Performance

Shares of FUL opened at $53.55 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 50 day moving average price of $59.12 and a 200 day moving average price of $69.55. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 1.13 and a beta of 1.41.

H.B. Fuller (NYSE:FUL) last announced its quarterly earnings results on Wednesday, January 15th. The specialty chemicals company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The company had revenue of $923.00 million for the quarter, compared to analyst estimates of $916.84 million. During the same quarter in the prior year, the business earned $1.32 earnings per share. H.B. Fuller’s revenue was up 2.2% compared to the same quarter last year. Research analysts predict that H.B. Fuller will post 4.07 EPS for the current fiscal year.

H.B. Fuller Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a dividend of $0.2225 per share. The ex-dividend date was Thursday, February 6th. This represents a $0.89 dividend on an annualized basis and a yield of 1.66%. H.B. Fuller’s dividend payout ratio is presently 38.53%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Vertical Research downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. cut their target price on shares of H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Seaport Res Ptn downgraded shares of H.B. Fuller from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Citigroup lowered their price target on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, H.B. Fuller currently has an average rating of “Hold” and an average target price of $72.50.

H.B. Fuller Company 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.