H. B. Fuller Co. (NYSE:FUL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “H.B. Fuller Company is a worldwide manufacturer and marketer of adhesives, sealants, coatings, paints and other specialty chemical products. The company’s largest worldwide business category is adhesives, sealants and coatings. These products are sold to customers in a wide range of industries, including packaging, woodworking, automotive, aerospace, graphic arts (books/magazines), appliances, filtration, windows, sporting goods, nonwovens, shoes and ceramic tile. “

FUL has been the topic of a number of other reports. Citigroup Inc. assumed coverage on shares of H. B. Fuller in a research note on Thursday, September 29th. They set a “buy” rating and a $53.00 price target on the stock. Deutsche Bank AG cut their price target on shares of H. B. Fuller from $50.00 to $47.00 and set a “hold” rating on the stock in a research note on Friday, September 23rd. Finally, Seaport Global Securities upgraded shares of H. B. Fuller from an “accumulate” rating to a “buy” rating and boosted their price target for the stock from $50.00 to $51.00 in a research note on Monday, September 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. H. B. Fuller presently has an average rating of “Buy” and a consensus price target of $50.00.

H. B. Fuller (NYSE:FUL) traded up 0.46% during mid-day trading on Tuesday, reaching $48.50. 546,731 shares of the company were exchanged. The firm has a market capitalization of $2.44 billion, a P/E ratio of 22.56 and a beta of 1.71. H. B. Fuller has a 1-year low of $32.49 and a 1-year high of $49.10. The stock has a 50-day moving average of $45.03 and a 200 day moving average of $45.79.

H. B. Fuller (NYSE:FUL) last posted its earnings results on Wednesday, September 21st. The company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.03. H. B. Fuller had a net margin of 5.32% and a return on equity of 13.66%. During the same quarter last year, the firm posted $0.61 earnings per share. Equities research analysts forecast that H. B. Fuller will post $2.48 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Thursday, October 27th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, October 25th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.15%. H. B. Fuller’s payout ratio is 26.05%.

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In related news, VP James R. Giertz sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $46.37, for a total transaction of $1,159,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Timothy J. Keenan sold 8,236 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $44.98, for a total transaction of $370,455.28. Following the sale, the vice president now owns 29,027 shares in the company, valued at $1,305,634.46. The disclosure for this sale can be found here. Corporate insiders own 3.55% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its stake in H. B. Fuller by 0.5% in the third quarter. Louisiana State Employees Retirement System now owns 22,200 shares of the company’s stock worth $1,032,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System raised its position in shares of H. B. Fuller by 0.4% in the third quarter. Arizona State Retirement System now owns 25,993 shares of the company’s stock valued at $1,208,000 after buying an additional 100 shares in the last quarter. Perkins Capital Management Inc. raised its position in shares of H. B. Fuller by 0.5% in the third quarter. Perkins Capital Management Inc. now owns 18,800 shares of the company’s stock valued at $874,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund raised its position in shares of H. B. Fuller by 0.3% in the third quarter. Texas Permanent School Fund now owns 38,307 shares of the company’s stock valued at $1,780,000 after buying an additional 115 shares in the last quarter. Finally, Suntrust Banks Inc. raised its position in shares of H. B. Fuller by 1.0% in the third quarter. Suntrust Banks Inc. now owns 15,288 shares of the company’s stock valued at $710,000 after buying an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.

H. B. Fuller 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.

5 Day Chart for NYSE:FUL

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