Everence Capital Management Inc. Sells 5,710 Shares of H.B. Fuller (NYSE:FUL)

Everence Capital Management Inc. cut its stake in shares of H.B. Fuller (NYSE:FUL) by 55.8% in the fourth quarter, HoldingsChannel reports. The fund owned 4,530 shares of the specialty chemicals company’s stock after selling 5,710 shares during the period. Everence Capital Management Inc.’s holdings in H.B. Fuller were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of H.B. Fuller by 1.5% in the third quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock worth $99,939,000 after purchasing an additional 18,734 shares during the period. Lord Abbett & CO. LLC boosted its holdings in H.B. Fuller by 79.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock worth $57,952,000 after buying an additional 324,056 shares during the period. Marshall Wace LLP increased its stake in H.B. Fuller by 9.9% in the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock worth $22,319,000 after buying an additional 26,239 shares in the last quarter. S&CO Inc. raised its holdings in H.B. Fuller by 0.3% during the third quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after acquiring an additional 920 shares during the period. Finally, Dorsey & Whitney Trust CO LLC lifted its position in shares of H.B. Fuller by 8.1% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock valued at $5,491,000 after acquiring an additional 5,356 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FUL. Vertical Research cut H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday. StockNews.com lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Finally, Citigroup reduced their price objective on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $90.25.

H.B. Fuller Price Performance

NYSE:FUL opened at $62.93 on Wednesday. The business’s 50-day moving average is $72.85 and its 200 day moving average is $77.57. H.B. Fuller has a 12 month low of $61.71 and a 12 month high of $87.67. The company has a market capitalization of $3.44 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.24 and a beta of 1.43. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10.

H.B. Fuller 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.