Cooke & Bieler LP Increases Position in H. B. Fuller Company $FUL

Cooke & Bieler LP increased its stake in shares of H. B. Fuller Company (NYSE:FUL) by 94.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,481,030 shares of the specialty chemicals company’s stock after buying an additional 721,100 shares during the quarter. Cooke & Bieler LP owned about 2.74% of H. B. Fuller worth $87,795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. grew its stake in shares of H. B. Fuller by 2.9% in the 3rd quarter. GHP Investment Advisors Inc. now owns 46,076 shares of the specialty chemicals company’s stock valued at $2,731,000 after purchasing an additional 1,310 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of H. B. Fuller during the third quarter worth $356,000. Teacher Retirement System of Texas grew its position in H. B. Fuller by 28.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 10,612 shares of the specialty chemicals company’s stock valued at $629,000 after buying an additional 2,380 shares during the last quarter. Covestor Ltd increased its stake in H. B. Fuller by 22,833.3% in the 3rd quarter. Covestor Ltd now owns 688 shares of the specialty chemicals company’s stock valued at $41,000 after buying an additional 685 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in H. B. Fuller by 12.8% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,513 shares of the specialty chemicals company’s stock worth $1,394,000 after buying an additional 2,662 shares during the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other H. B. Fuller news, VP Nathan D. Weaver sold 7,075 shares of H. B. Fuller stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $58.38, for a total transaction of $413,038.50. Following the completion of the transaction, the vice president owned 9,441 shares in the company, valued at approximately $551,165.58. The trade was a 42.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.99% of the company’s stock.

H. B. Fuller Price Performance

Shares of NYSE:FUL opened at $60.12 on Monday. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 0.90 and a beta of 1.10. 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 business’s 50 day simple moving average is $59.90 and its 200-day simple moving average is $59.60. H. B. Fuller Company has a 12 month low of $47.56 and a 12 month high of $67.05.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.04. The firm had revenue of $894.79 million during the quarter, compared to analysts’ expectations of $901.34 million. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.H. B. Fuller’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 earnings per share. As a group, equities analysts forecast that H. B. Fuller Company will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, February 5th. H. B. Fuller’s dividend payout ratio is presently 31.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FUL shares. Citigroup boosted their price target on shares of H. B. Fuller from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Wall Street Zen lowered H. B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research note on Monday, December 29th. UBS Group set a $66.00 price target on H. B. Fuller in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of H. B. Fuller in a report on Friday, January 16th. Three investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $67.75.

H. B. Fuller Profile

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.