Channing Capital Management LLC Boosts Position in HB Fuller Co (FUL)

Channing Capital Management LLC increased its position in shares of HB Fuller Co (NYSE:FUL) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,144,579 shares of the specialty chemicals company’s stock after acquiring an additional 88,582 shares during the period. HB Fuller comprises 2.1% of Channing Capital Management LLC’s investment portfolio, making the stock its 22nd biggest position. Channing Capital Management LLC owned approximately 2.26% of HB Fuller worth $59,140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in HB Fuller by 1.7% during the 3rd quarter. BlackRock Inc. now owns 7,358,910 shares of the specialty chemicals company’s stock worth $380,236,000 after acquiring an additional 125,534 shares in the last quarter. Janus Henderson Group PLC lifted its stake in HB Fuller by 13.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,809,497 shares of the specialty chemicals company’s stock worth $150,814,000 after acquiring an additional 335,020 shares in the last quarter. Northern Trust Corp lifted its stake in HB Fuller by 5.0% during the 2nd quarter. Northern Trust Corp now owns 1,189,072 shares of the specialty chemicals company’s stock worth $63,830,000 after acquiring an additional 56,943 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in HB Fuller by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 796,073 shares of the specialty chemicals company’s stock worth $41,133,000 after acquiring an additional 24,990 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in HB Fuller by 12.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 463,557 shares of the specialty chemicals company’s stock worth $23,952,000 after acquiring an additional 50,058 shares in the last quarter. 98.42% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Traci L. Jensen sold 4,129 shares of the stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $46.01, for a total value of $189,975.29. Following the transaction, the vice president now owns 20,997 shares in the company, valued at approximately $966,071.97. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.46% of the company’s stock.

A number of equities research analysts have issued reports on the company. Zacks Investment Research raised HB Fuller from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday, August 29th. ValuEngine lowered HB Fuller from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Robert W. Baird reduced their price target on HB Fuller from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, September 28th. Finally, Deutsche Bank reduced their price target on HB Fuller from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, September 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. HB Fuller currently has a consensus rating of “Hold” and a consensus target price of $61.00.

FUL stock opened at $48.24 on Monday. The company has a current ratio of 2.25, a quick ratio of 1.48 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 0.82 and a beta of 1.45. HB Fuller Co has a 1 year low of $41.26 and a 1 year high of $59.58.

HB Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, September 26th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). The company had revenue of $770.11 million during the quarter, compared to analyst estimates of $784.75 million. HB Fuller had a net margin of 4.14% and a return on equity of 13.41%. Equities analysts forecast that HB Fuller Co will post 3.11 EPS for the current fiscal year.

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HB Fuller Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.

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Institutional Ownership by Quarter for HB Fuller (NYSE:FUL)

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