Mairs & Power Inc. Reduces Stake in H. B. Fuller Company $FUL

Mairs & Power Inc. trimmed its stake in H. B. Fuller Company (NYSE:FUL) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,408,893 shares of the specialty chemicals company’s stock after selling 39,356 shares during the quarter. H. B. Fuller makes up 1.3% of Mairs & Power Inc.’s portfolio, making the stock its 27th biggest holding. Mairs & Power Inc. owned approximately 4.45% of H. B. Fuller worth $142,799,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cooke & Bieler LP boosted its holdings in shares of H. B. Fuller by 94.9% during the third quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company’s stock worth $87,795,000 after purchasing an additional 721,100 shares during the last quarter. Norges Bank purchased a new stake in H. B. Fuller in the 2nd quarter valued at about $40,584,000. UBS Group AG increased its stake in shares of H. B. Fuller by 200.8% during the 3rd quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company’s stock valued at $48,661,000 after acquiring an additional 548,017 shares during the last quarter. Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of H. B. Fuller by 287.2% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 371,650 shares of the specialty chemicals company’s stock worth $22,031,000 after acquiring an additional 275,654 shares during the period. Finally, Kennedy Capital Management LLC boosted its position in shares of H. B. Fuller by 131.2% in the third quarter. Kennedy Capital Management LLC now owns 439,444 shares of the specialty chemicals company’s stock worth $26,050,000 after acquiring an additional 249,350 shares during the last quarter. 95.93% of the stock is currently owned by institutional investors and hedge funds.

H. B. Fuller Stock Performance

H. B. Fuller stock opened at $54.73 on Tuesday. The firm has a market capitalization of $2.98 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 0.81 and a beta of 1.07. H. B. Fuller Company has a one year low of $47.56 and a one year high of $68.63. The stock’s 50 day moving average price is $62.80 and its 200 day moving average price is $60.52. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.70.

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, beating the consensus estimate of $1.24 by $0.04. The company had revenue of $894.79 million during the quarter, compared to the consensus estimate of $901.34 million. H. B. Fuller had a net margin of 4.38% and a return on equity of 12.21%. H. B. Fuller’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. As a group, sell-side analysts expect that H. B. Fuller Company will post 4.07 EPS for the current fiscal year.

H. B. Fuller Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, February 5th. H. B. Fuller’s dividend payout ratio (DPR) is presently 31.33%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FUL shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of H. B. Fuller in a research note on Friday, January 16th. UBS Group set a $66.00 target price on H. B. Fuller in a report on Friday, January 16th. Citigroup upped their price target 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, Wall Street Zen raised shares of H. B. Fuller from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $67.75.

H. B. Fuller Company 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.