Champlain Investment Partners LLC Acquires 524,840 Shares of H. B. Fuller Company (FUL)
Champlain Investment Partners LLC raised its stake in shares of H. B. Fuller Company (NYSE:FUL) by 94.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,081,385 shares of the company’s stock after buying an additional 524,840 shares during the period. Champlain Investment Partners LLC owned about 2.16% of H. B. Fuller Company worth $52,242,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of the stock. Edge Asset Management Inc. raised its stake in H. B. Fuller Company by 8.1% in the fourth quarter. Edge Asset Management Inc. now owns 522,757 shares of the company’s stock valued at $25,255,000 after buying an additional 39,101 shares in the last quarter. Elkfork Partners LLC acquired a new stake in H. B. Fuller Company during the fourth quarter valued at approximately $129,000. FMR LLC raised its stake in H. B. Fuller Company by 27.4% in the fourth quarter. FMR LLC now owns 786,053 shares of the company’s stock valued at $37,974,000 after buying an additional 169,053 shares in the last quarter. Martingale Asset Management L P raised its stake in H. B. Fuller Company by 30.3% in the fourth quarter. Martingale Asset Management L P now owns 14,621 shares of the company’s stock valued at $707,000 after buying an additional 3,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in H. B. Fuller Company by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,924,186 shares of the company’s stock valued at $92,958,000 after buying an additional 74,558 shares in the last quarter. Institutional investors and hedge funds own 89.89% of the company’s stock.
H. B. Fuller Company (NYSE:FUL) traded up 1.63% during mid-day trading on Thursday, reaching $49.81. 431,235 shares of the company’s stock traded hands. H. B. Fuller Company has a 52 week low of $35.56 and a 52 week high of $50.92. The stock has a market capitalization of $2.50 billion, a PE ratio of 20.58 and a beta of 1.66. The stock’s 50 day moving average is $49.36 and its 200-day moving average is $47.17.
H. B. Fuller Company (NYSE:FUL) last issued its quarterly earnings results on Wednesday, January 18th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.01. H. B. Fuller Company had a net margin of 5.93% and a return on equity of 13.71%. During the same quarter in the previous year, the firm earned $0.69 EPS. On average, equities analysts anticipate that H. B. Fuller Company will post $2.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Thursday, February 9th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, February 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.12%. H. B. Fuller Company’s dividend payout ratio is presently 23.14%.
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Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of H. B. Fuller Company from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 25th. Citigroup Inc. set a $55.00 price objective on shares of H. B. Fuller Company and gave the stock a “buy” rating in a research report on Saturday, January 21st. Seaport Global Securities downgraded shares of H. B. Fuller Company from an “accumulate” rating to a “neutral” rating in a research report on Monday, December 12th. Finally, J P Morgan Chase & Co downgraded shares of H. B. Fuller Company from an “overweight” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a research report on Wednesday, November 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $51.00.
In other news, VP Traci L. Jensen sold 4,144 shares of the stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $49.90, for a total transaction of $206,785.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Patrick M. Kivits sold 1,500 shares of the stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $50.00, for a total transaction of $75,000.00. Following the sale, the vice president now directly owns 45 shares in the company, valued at approximately $2,250. The disclosure for this sale can be found here. 3.55% of the stock is currently owned by corporate insiders.
H. B. Fuller Company 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, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water-based and solvent-based products.
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