Ronna Sue Cohen raised its position in H. B. Fuller Company (NYSE:FUL) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,447 shares of the specialty chemicals company’s stock after buying an additional 156 shares during the period. H. B. Fuller comprises 2.2% of Ronna Sue Cohen’s investment portfolio, making the stock its 15th largest position. Ronna Sue Cohen owned 0.12% of H. B. Fuller worth $2,987,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. FMR LLC raised its position in shares of H. B. Fuller by 27.4% in the fourth quarter. FMR LLC now owns 786,053 shares of the specialty chemicals company’s stock worth $37,974,000 after buying an additional 169,053 shares during the period. Thrivent Financial for Lutherans raised its position in shares of H. B. Fuller by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 27,230 shares of the specialty chemicals company’s stock worth $1,315,000 after buying an additional 1,620 shares during the period. Norges Bank purchased a new position in shares of H. B. Fuller during the fourth quarter worth $29,793,000. Teachers Advisors LLC increased its position in shares of H. B. Fuller by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 102,140 shares of the specialty chemicals company’s stock worth $4,934,000 after buying an additional 3,570 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of H. B. Fuller by 0.8% in the fourth quarter. Macquarie Group Ltd. now owns 1,517,705 shares of the specialty chemicals company’s stock worth $73,320,000 after buying an additional 11,766 shares in the last quarter. Institutional investors own 93.03% of the company’s stock.
Shares of H. B. Fuller Company (FUL) opened at 50.34 on Friday. The company has a market capitalization of $2.54 billion, a P/E ratio of 23.01 and a beta of 1.68. The firm has a 50-day moving average of $51.39 and a 200 day moving average of $51.01. H. B. Fuller Company has a 1-year low of $41.52 and a 1-year high of $54.32.
H. B. Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, June 28th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.05. H. B. Fuller had a return on equity of 13.32% and a net margin of 5.23%. The business had revenue of $561.65 million during the quarter. During the same period in the previous year, the business posted $0.67 earnings per share. On average, equities research analysts expect that H. B. Fuller Company will post $2.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Thursday, July 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Tuesday, July 25th. H. B. Fuller’s dividend payout ratio (DPR) is presently 27.40%.
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A number of brokerages recently weighed in on FUL. Zacks Investment Research downgraded shares of H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Monday, July 3rd. BidaskClub downgraded shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $52.40.
In other H. B. Fuller news, VP Dietrich J. Crail acquired 970 shares of the stock in a transaction that occurred on Wednesday, July 12th. The stock was bought at an average cost of $51.41 per share, with a total value of $49,867.70. Following the completion of the purchase, the vice president now directly owns 970 shares in the company, valued at $49,867.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is owned by corporate insiders.
H. B. Fuller Company Profile
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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