H. B. Fuller Company $FUL Shares Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its position in shares of H. B. Fuller Company (NYSE:FUL) by 43.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 630,194 shares of the specialty chemicals company’s stock after acquiring an additional 190,750 shares during the period. H. B. Fuller accounts for approximately 0.8% of Kennedy Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Kennedy Capital Management LLC’s holdings in H. B. Fuller were worth $37,471,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Jefferies Financial Group Inc. acquired a new stake in shares of H. B. Fuller during the 4th quarter valued at about $2,644,000. Norges Bank acquired a new stake in shares of H. B. Fuller during the 4th quarter valued at about $44,203,000. Ceredex Value Advisors LLC acquired a new stake in shares of H. B. Fuller during the 3rd quarter valued at about $11,213,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of H. B. Fuller during the 4th quarter valued at about $2,283,000. Finally, UBS Group AG raised its stake in shares of H. B. Fuller by 35.0% in the 4th quarter. UBS Group AG now owns 1,108,261 shares of the specialty chemicals company’s stock valued at $65,897,000 after acquiring an additional 287,390 shares in the last quarter. 95.93% of the stock is currently owned by institutional investors and hedge funds.

H. B. Fuller Stock Performance

Shares of NYSE FUL opened at $63.64 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.92 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average is $61.17 and its two-hundred day moving average is $60.90. The company has a market cap of $3.47 billion, a P/E ratio of 21.00, a P/E/G ratio of 0.84 and a beta of 0.96. H. B. Fuller Company has a 12 month low of $48.71 and a 12 month high of $68.63.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Thursday, March 26th. The specialty chemicals company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.56 by $0.01. The company had revenue of $770.84 million for the quarter, compared to the consensus estimate of $787.77 million. H. B. Fuller had a return on equity of 11.84% and a net margin of 4.62%.The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. On average, equities analysts expect that H. B. Fuller Company will post 4.77 EPS for the current year.

H. B. Fuller Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were given a $0.245 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $0.98 annualized dividend and a yield of 1.5%. This is an increase from H. B. Fuller’s previous quarterly dividend of $0.24. H. B. Fuller’s dividend payout ratio (DPR) is presently 32.34%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FUL shares. Vertical Research raised H. B. Fuller from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 27th. JPMorgan Chase & Co. raised H. B. Fuller from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a research note on Wednesday, May 27th. UBS Group set a $58.00 price objective on H. B. Fuller in a research note on Wednesday, May 27th. Citigroup raised their price objective on H. B. Fuller from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, March 30th. Finally, Royal Bank Of Canada set a $58.00 price objective on H. B. Fuller in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $63.80.

Insider Buying and Selling

In other H. B. Fuller news, CEO Celeste Beeks Mastin purchased 5,170 shares of the company’s stock in a transaction on Tuesday, April 7th. The shares were bought at an average cost of $57.08 per share, with a total value of $295,103.60. Following the transaction, the chief executive officer directly owned 8,670 shares in the company, valued at approximately $494,883.60. This represents a 147.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.83% of the stock is currently owned by corporate insiders.

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.