Ronna Sue Cohen buys $2,810,863 stake in HB Fuller Co (FUL)

HB Fuller Co (FUL) : Ronna Sue Cohen scooped up 1,145 additional shares in HB Fuller Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 61,319 shares of HB Fuller Co which is valued at $2,810,863.HB Fuller Co makes up approximately 2.13% of Ronna Sue Cohen’s portfolio.

Other Hedge Funds, Including , Contravisory Investment Management added FUL to its portfolio by purchasing 3,980 company shares during the most recent quarter which is valued at $182,443. HB Fuller Co makes up approx 0.06% of Contravisory Investment Management’s portfolio.Simplex Trading reduced its stake in FUL by selling 1,715 shares or 96.13% in the most recent quarter. The Hedge Fund company now holds 69 shares of FUL which is valued at $3,140.Bnp Paribas Arbitrage Sa reduced its stake in FUL by selling 7,874 shares or 50.46% in the most recent quarter. The Hedge Fund company now holds 7,731 shares of FUL which is valued at $355,858.

HB Fuller Co closed down -0.92 points or -2.01% at $44.92 with 1,90,808 shares getting traded on Tuesday. Post opening the session at $45.68, the shares hit an intraday low of $44.555 and an intraday high of $45.96 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, HB Fuller Co reported $0.67 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jun 22, 2016. Analyst had a consensus of $0.68. The company had revenue of $532.50 million for the quarter, compared to analysts expectations of $538.48 million. The company’s revenue was down -1.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on HB Fuller Co. Citigroup Initiated HB Fuller Co on Sep 29, 2016 to “Buy”, Price Target of the shares are set at $53.Company shares were Upgraded by Seaport Global Securities on Sep 26, 2016 to ” Buy”, Firm has raised the Price Target to $ 51 from a previous price target of $50 .

H.B. Fuller Company is formulator manufacturer and marketer of adhesives sealants and other specialty chemical products. The Company’s core product offering is Industrial adhesives which are used in manufacturing common consumer and industrial goods including food and beverage containers disposable diapers windows doors flooring appliances sportswear footwear multi-wall bags water filtration products insulation textiles and electronics. The Company has a range of product offerings for residential construction markets such as tile-setting adhesives grout sealants and related products. The Company operates in four segments: Americas Adhesives EIMEA (Europe India Middle East and Africa) Asia Pacific and Construction Products. It has sales operations in over 40 countries in North America Europe Latin America the Asia Pacific region India the Middle East and Africa.

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