JPMorgan Chase & Co. Raises Stock Position in H. B. Fuller Company $FUL

JPMorgan Chase & Co. raised its stake in shares of H. B. Fuller Company (NYSE:FUL) by 15.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 708,422 shares of the specialty chemicals company’s stock after purchasing an additional 96,374 shares during the period. JPMorgan Chase & Co. owned 1.31% of H. B. Fuller worth $41,995,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Salomon & Ludwin LLC purchased a new position in H. B. Fuller in the 3rd quarter valued at about $28,000. Covestor Ltd lifted its position in shares of H. B. Fuller by 22,833.3% in the third quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock valued at $41,000 after acquiring an additional 685 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of H. B. Fuller in the third quarter worth approximately $47,000. AdvisorNet Financial Inc increased its position in shares of H. B. Fuller by 160.8% during the third quarter. AdvisorNet Financial Inc now owns 845 shares of the specialty chemicals company’s stock worth $50,000 after purchasing an additional 521 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in H. B. Fuller by 129.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company’s stock valued at $73,000 after purchasing an additional 688 shares during the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on FUL shares. Weiss Ratings restated a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. UBS Group set a $66.00 price objective on shares of H. B. Fuller in a research note on Friday, January 16th. Citigroup increased their price objective on shares of H. B. Fuller from $70.00 to $76.00 and gave the company a “buy” rating in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $67.75.

H. B. Fuller Stock Up 1.4%

Shares of NYSE FUL opened at $65.92 on Friday. The company has a 50 day simple moving average of $62.84 and a 200-day simple moving average of $60.51. The company has a market capitalization of $3.58 billion, a P/E ratio of 21.97, a P/E/G ratio of 0.97 and a beta of 1.10. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.70 and a quick ratio of 1.06. H. B. Fuller Company has a 1 year low of $47.56 and a 1 year high of $68.63.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Thursday, January 15th. The specialty chemicals company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. The firm had revenue of $894.79 million for the quarter, compared to analysts’ expectations of $901.34 million. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. On average, equities research analysts predict that H. B. Fuller Company will post 4.07 earnings per share for the current year.

H. B. Fuller Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were issued a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, February 5th. H. B. Fuller’s payout ratio is 31.33%.

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.