Cramer Rosenthal Mcglynn LLC Increases Stock Position in H. B. Fuller Company $FUL

Cramer Rosenthal Mcglynn LLC grew its position in shares of H. B. Fuller Company (NYSE:FUL) by 287.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 371,650 shares of the specialty chemicals company’s stock after buying an additional 275,654 shares during the quarter. H. B. Fuller accounts for 1.4% of Cramer Rosenthal Mcglynn LLC’s holdings, making the stock its 25th biggest position. Cramer Rosenthal Mcglynn LLC’s holdings in H. B. Fuller were worth $22,031,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FUL. Cooke & Bieler LP raised its position in H. B. Fuller by 94.9% in the third quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company’s stock worth $87,795,000 after acquiring an additional 721,100 shares during the period. Norges Bank bought a new stake in shares of H. B. Fuller in the second quarter valued at approximately $40,584,000. Deprince Race & Zollo Inc. lifted its stake in shares of H. B. Fuller by 80.4% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 555,877 shares of the specialty chemicals company’s stock valued at $32,952,000 after buying an additional 247,815 shares in the last quarter. Jane Street Group LLC boosted its holdings in H. B. Fuller by 128.0% in the 2nd quarter. Jane Street Group LLC now owns 217,307 shares of the specialty chemicals company’s stock worth $13,071,000 after buying an additional 122,007 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in H. B. Fuller in the 2nd quarter valued at approximately $7,279,000. 95.93% of the stock is currently owned by institutional investors.

H. B. Fuller Price Performance

Shares of FUL stock opened at $61.74 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70. The business’s 50 day moving average price is $63.28 and its 200-day moving average price is $60.70. The firm has a market cap of $3.35 billion, a P/E ratio of 20.58, a P/E/G ratio of 0.96 and a beta of 1.07. H. B. Fuller Company has a fifty-two week low of $47.56 and a fifty-two week high of $68.63.

H. B. Fuller (NYSE:FUL) last released its quarterly earnings results 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. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The company had revenue of $894.79 million for the quarter, compared to analyst estimates of $901.34 million. During the same period in the previous year, the company posted $0.92 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis. On average, equities research analysts anticipate that H. B. Fuller Company will post 4.07 earnings per share for the current year.

H. B. Fuller Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, February 5th. H. B. Fuller’s payout ratio is 31.33%.

Analysts Set New Price Targets

Several research firms have issued reports on FUL. UBS Group set a $66.00 target price on H. B. Fuller in a research report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. Citigroup upped their price target on H. B. Fuller from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Finally, Wall Street Zen upgraded shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $67.75.

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.