Cramer Rosenthal Mcglynn LLC Purchases 275,654 Shares of H. B. Fuller Company $FUL

Key Points

• Cramer Rosenthal McGlynn LLC increased its position in H.B. Fuller by 287.2%, purchasing 275,654 shares to hold 371,650 shares (about 0.69% of the company) valued at roughly $22.03 million, making FUL its 25th-largest holding.
• Analyst views are mixed—three Buy, two Hold and one Sell—resulting in a MarketBeat consensus rating of "Hold" with an average price target of $67.75.
• H.B. Fuller recently beat quarterly EPS expectations ($1.28 vs. $1.24), reported revenue down 3.1% year-over-year, and pays a quarterly dividend of $0.235 (annualized yield ≈ 1.5%).

Cramer Rosenthal Mcglynn LLC grew its position in shares of H. B. Fuller Company (NYSE:FUL - Free Report) by 287.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 371,650 shares of the specialty chemicals company's stock after purchasing an additional 275,654 shares during the quarter. H. B. Fuller makes up 1.4% of Cramer Rosenthal Mcglynn LLC's holdings, making the stock its 25th biggest holding. Cramer Rosenthal Mcglynn LLC owned approximately 0.69% of H. B. Fuller worth $22,031,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new position in H. B. Fuller in the 3rd quarter valued at approximately $28,000. Covestor Ltd raised its stake in shares of H. B. Fuller by 22,833.3% during the third quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 685 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of H. B. Fuller during the third quarter valued at $47,000. AdvisorNet Financial Inc lifted its holdings in shares of H. B. Fuller by 160.8% during the third quarter. AdvisorNet Financial Inc now owns 845 shares of the specialty chemicals company's stock worth $50,000 after purchasing an additional 521 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of H. B. Fuller by 129.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,218 shares of the specialty chemicals company's stock worth $73,000 after purchasing an additional 688 shares during the last quarter. Institutional investors and hedge funds own 95.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FUL. Wall Street Zen upgraded H. B. Fuller from a "hold" rating to a "buy" rating in a report on Saturday, February 14th. UBS Group set a $66.00 price target on H. B. Fuller in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of H. B. Fuller in a research report on Friday, January 16th. Citigroup lifted their price objective on H. B. Fuller from $70.00 to $76.00 and gave the stock a "buy" rating in a research note on Friday, January 16th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of H. B. Fuller in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $67.75.

H. B. Fuller Price Performance

FUL stock opened at $61.74 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.70 and a quick ratio of 1.06. The company's 50-day moving average is $63.28 and its 200-day moving average is $60.70. The stock has a market capitalization of $3.35 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 0.96 and a beta of 1.07. H. B. Fuller Company has a 1 year low of $47.56 and a 1 year high of $68.63.

H. B. Fuller (NYSE:FUL - Get Free Report) last posted its quarterly earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $894.79 million for the quarter, compared to the consensus estimate of $901.34 million. During the same period in the prior year, the business earned $0.92 EPS. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts expect that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.235 per share. The ex-dividend date was Thursday, February 5th. This represents a $0.94 annualized dividend and a yield of 1.5%. H. B. Fuller's dividend payout ratio is presently 31.33%.

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.

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