Cooke & Bieler LP Boosts Stake in H. B. Fuller Company (FUL)
Cooke & Bieler LP raised its position in H. B. Fuller Company (NYSE:FUL) by 37.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 345,800 shares of the specialty chemicals company’s stock after buying an additional 93,700 shares during the period. Cooke & Bieler LP owned approximately 0.68% of H. B. Fuller worth $17,674,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its position in H. B. Fuller by 10,635.2% in the first quarter. BlackRock Inc. now owns 6,217,806 shares of the specialty chemicals company’s stock worth $320,590,000 after buying an additional 6,159,886 shares during the last quarter. Janus Capital Management LLC boosted its position in H. B. Fuller by 425.6% in the first quarter. Janus Capital Management LLC now owns 1,545,716 shares of the specialty chemicals company’s stock worth $79,697,000 after buying an additional 1,251,620 shares during the last quarter. Champlain Investment Partners LLC boosted its position in H. B. Fuller by 53.9% in the first quarter. Champlain Investment Partners LLC now owns 1,664,330 shares of the specialty chemicals company’s stock worth $85,813,000 after buying an additional 582,945 shares during the last quarter. Vanguard Group Inc. boosted its position in H. B. Fuller by 7.5% in the first quarter. Vanguard Group Inc. now owns 5,055,505 shares of the specialty chemicals company’s stock worth $260,662,000 after buying an additional 351,478 shares during the last quarter. Finally, Pioneer Investment Management Inc. purchased a new position in H. B. Fuller during the second quarter worth $11,091,000. 93.70% of the stock is owned by hedge funds and other institutional investors.
H. B. Fuller Company (NYSE FUL) opened at 49.17 on Monday. The company has a market cap of $2.48 billion, a PE ratio of 22.47 and a beta of 1.68. The stock’s 50 day moving average is $51.11 and its 200 day moving average is $51.03. H. B. Fuller Company has a 12 month low of $41.52 and a 12 month high of $54.32.
H. B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by $0.05. H. B. Fuller had a net margin of 5.23% and a return on equity of 13.32%. The business had revenue of $561.65 million for the quarter. During the same quarter in the prior year, the business posted $0.67 EPS. Equities analysts predict that H. B. Fuller Company will post $2.60 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, July 27th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, July 25th. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. H. B. Fuller’s dividend payout ratio (DPR) is currently 27.40%.
FUL has been the subject of a number of analyst reports. BidaskClub raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research raised shares of H. B. Fuller from a “sell” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. H. B. Fuller currently has a consensus rating of “Hold” and an average target price of $52.40.
In other H. B. Fuller news, VP Dietrich J. Crail bought 970 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The shares were acquired at an average cost of $51.41 per share, for a total transaction of $49,867.70. Following the transaction, the vice president now owns 970 shares in the company, valued at $49,867.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is currently owned by insiders.
About H. B. Fuller
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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