JPMorgan Chase & Co. Buys 96,374 Shares of H. B. Fuller Company $FUL

Key Points

• JPMorgan Chase & Co. increased its stake in H. B. Fuller by 15.7%, acquiring 96,374 shares to hold 708,422 shares (about $41.995 million and ~1.31% of the company) in the third quarter.
• Other institutions also made big buys — Cooke & Bieler added 721,100 shares and UBS added 548,017 shares — leaving institutional and hedge fund ownership at about 95.93%.
• H. B. Fuller beat quarterly EPS estimates ($1.28 vs. $1.24) while revenue fell 3.1% YoY to $894.8M; shares were recently down 2.3%, trading near $49, and the company pays a quarterly dividend of $0.235 (annual yield ~1.9%).

JPMorgan Chase & Co. lifted its stake in shares of H. B. Fuller Company (NYSE:FUL - Free Report) by 15.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 708,422 shares of the specialty chemicals company's stock after acquiring an additional 96,374 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.31% of H. B. Fuller worth $41,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in FUL. Capital World Investors boosted its holdings in H. B. Fuller by 0.5% in the third quarter. Capital World Investors now owns 2,583,213 shares of the specialty chemicals company's stock valued at $153,133,000 after acquiring an additional 12,720 shares during the last quarter. Cooke & Bieler LP raised its holdings in H. B. Fuller by 94.9% during the 3rd quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company's stock worth $87,795,000 after purchasing an additional 721,100 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of H. B. Fuller by 0.4% in the 2nd 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 period. Wellington Management Group LLP boosted its stake in shares of H. B. Fuller by 3.6% in the 3rd quarter. Wellington Management Group LLP now owns 976,005 shares of the specialty chemicals company's stock valued at $57,858,000 after purchasing an additional 33,522 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of H. B. Fuller by 200.8% in the 3rd quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company's stock valued at $48,661,000 after purchasing an additional 548,017 shares during the last quarter. 95.93% of the stock is owned by institutional investors and hedge funds.

H. B. Fuller Stock Down 2.3%

Shares of NYSE FUL opened at $49.17 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.70 and a debt-to-equity ratio of 1.01. The firm has a market cap of $2.68 billion, a PE ratio of 16.39, a P/E/G ratio of 0.74 and a beta of 1.07. The company's fifty day simple moving average is $61.90 and its 200 day simple moving average is $60.26. H. B. Fuller Company has a 12-month low of $47.56 and a 12-month high of $68.63.

H. B. Fuller (NYSE:FUL - Get Free Report) last announced its quarterly earnings data on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.04. The firm had revenue of $894.79 million for the quarter, compared to analyst estimates of $901.34 million. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. The business's quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 earnings per share. As a group, sell-side analysts forecast that H. B. Fuller Company will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, February 5th. H. B. Fuller's dividend payout ratio is 31.33%.

Wall Street Analysts Forecast Growth

FUL has been the subject of a number of analyst reports. Citigroup lowered their target price on shares of H. B. Fuller from $76.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday. Weiss Ratings reiterated a "hold (c)" rating on shares of H. B. Fuller in a report on Monday, December 29th. UBS Group set a $66.00 price objective on H. B. Fuller in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of H. B. Fuller in a research report on Friday, January 16th. Finally, Wall Street Zen cut H. B. Fuller from a "buy" rating to a "hold" rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $65.50.

About H. B. Fuller

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.

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