Ameriprise Financial Inc. Decreases Stake in H.B. Fuller (NYSE:FUL)

Ameriprise Financial Inc. decreased its stake in H.B. Fuller (NYSE:FUL - Free Report) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,954 shares of the specialty chemicals company's stock after selling 10,596 shares during the period. Ameriprise Financial Inc. owned about 0.24% of H.B. Fuller worth $8,837,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings 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 valued at $61,000 after purchasing an additional 506 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of H.B. Fuller by 731.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,255 shares of the specialty chemicals company's stock worth $85,000 after purchasing an additional 1,104 shares during the period. Quantbot Technologies LP bought a new position in shares of H.B. Fuller in the 4th quarter worth about $266,000. New Age Alpha Advisors LLC bought a new position in shares of H.B. Fuller in the 4th quarter worth about $465,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of H.B. Fuller in the 4th quarter worth about $783,000. Institutional investors own 95.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Baird R W upgraded shares of H.B. Fuller from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 17th. Robert W. Baird upgraded shares of H.B. Fuller from a "neutral" rating to an "outperform" rating and set a $60.00 price objective on the stock in a research report on Thursday, April 17th. Seaport Res Ptn cut shares of H.B. Fuller from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of H.B. Fuller from $60.00 to $50.00 and set an "underweight" rating on the stock in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $62.50.

Insider Buying and Selling at H.B. Fuller

In other news, CEO Celeste Beeks Mastin purchased 3,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was acquired at an average cost of $56.66 per share, with a total value of $198,310.00. Following the completion of the transaction, the chief executive officer now owns 3,500 shares in the company, valued at $198,310. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.99% of the company's stock.

H.B. Fuller Trading Down 1.1%

Shares of FUL traded down $0.61 during trading hours on Monday, reaching $54.22. 216,120 shares of the company traded hands, compared to its average volume of 382,869. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 1.13 and a beta of 1.13. H.B. Fuller has a 12-month low of $47.56 and a 12-month high of $87.67. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. The stock's fifty day moving average price is $54.30 and its 200 day moving average price is $61.46.

H.B. Fuller (NYSE:FUL - Get Free Report) last issued its earnings results on Wednesday, March 26th. The specialty chemicals company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.05. H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The company had revenue of $788.66 million for the quarter, compared to analysts' expectations of $769.55 million. During the same period in the prior year, the business earned $0.67 EPS. The firm's quarterly revenue was down 2.7% on a year-over-year basis. Sell-side analysts forecast that H.B. Fuller will post 4.07 earnings per share for the current year.

H.B. Fuller Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 29th were issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.73%. This is a boost from H.B. Fuller's previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, April 29th. H.B. Fuller's dividend payout ratio is presently 47.00%.

About H.B. Fuller

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.