Mairs Power Inc buys $162,396,522 stake in HB Fuller Co (FUL)

HB Fuller Co (FUL) : Mairs Power Inc scooped up 18,313 additional shares in HB Fuller Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,526,526 shares of HB Fuller Co which is valued at $162,396,522.HB Fuller Co makes up approximately 2.15% of Mairs Power Inc’s portfolio.

Other Hedge Funds, Including , Arizona State Retirement System boosted its stake in FUL in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 25,593 shares of HB Fuller Co which is valued at $1,178,558. HB Fuller Co makes up approx 0.01% of Arizona State Retirement System’s portfolio.Fiduciary Management Inc Wi reduced its stake in FUL by selling 165,525 shares or 6.39% in the most recent quarter. The Hedge Fund company now holds 2,425,406 shares of FUL which is valued at $111,689,946. HB Fuller Co makes up approx 0.65% of Fiduciary Management Inc Wi’s portfolio.Edge Asset Management Inc boosted its stake in FUL in the latest quarter, The investment management firm added 66,527 additional shares and now holds a total of 193,428 shares of HB Fuller Co which is valued at $9,046,628. HB Fuller Co makes up approx 0.08% of Edge Asset Management Inc’s portfolio.

HB Fuller Co opened for trading at $47.59 and hit $47.73 on the upside on Thursday, eventually ending the session at $47.66, with a gain of 0.38% or 0.18 points. The heightened volatility saw the trading volume jump to 1,19,641 shares. Company has a market cap of $2,400 M.

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.

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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