H. B. Fuller (NYSE:FUL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The brokerage presently has a $62.00 target price on the specialty chemicals company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.36% from the stock’s current price.

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. Robert W. Baird began coverage on H. B. Fuller in a research note on Thursday, September 14th. They set a “neutral” rating and a $60.00 target price on the stock. Citigroup cut H. B. Fuller from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a research note on Tuesday, October 31st. ValuEngine cut H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. KeyCorp reiterated a “hold” rating on shares of H. B. Fuller in a research note on Thursday, August 24th. Finally, Deutsche Bank lifted their target price on H. B. Fuller from $56.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $60.00.

Shares of H. B. Fuller (NYSE:FUL) traded up $0.53 during trading hours on Monday, reaching $56.18. The company’s stock had a trading volume of 188,625 shares, compared to its average volume of 317,869. The company has a current ratio of 2.63, a quick ratio of 1.72 and a debt-to-equity ratio of 0.74. H. B. Fuller has a fifty-two week low of $46.58 and a fifty-two week high of $58.74. The company has a market cap of $2,801.02, a PE ratio of 22.35 and a beta of 1.72.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.02). H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%. The company had revenue of $562.87 million for the quarter, compared to the consensus estimate of $553.66 million. equities research analysts forecast that H. B. Fuller will post 2.6 earnings per share for the current year.

In related news, VP Timothy J. Keenan sold 6,500 shares of H. B. Fuller stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $55.08, for a total value of $358,020.00. Following the completion of the sale, the vice president now owns 29,611 shares of the company’s stock, valued at approximately $1,630,973.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Robert J. Martsching sold 3,870 shares of H. B. Fuller stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $57.93, for a total value of $224,189.10. The disclosure for this sale can be found here. Insiders have sold a total of 15,767 shares of company stock worth $897,394 over the last quarter. Company insiders own 3.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC increased its holdings in H. B. Fuller by 42.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,996 shares of the specialty chemicals company’s stock worth $102,000 after acquiring an additional 596 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in H. B. Fuller by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,154 shares of the specialty chemicals company’s stock worth $110,000 after acquiring an additional 218 shares during the last quarter. Zions Bancorporation purchased a new stake in H. B. Fuller in the 3rd quarter worth about $156,000. Public Employees Retirement System of Ohio increased its holdings in H. B. Fuller by 5.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock worth $171,000 after acquiring an additional 172 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC purchased a new stake in H. B. Fuller in the 3rd quarter worth about $203,000. 92.35% of the stock is owned by institutional investors.

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About H. B. Fuller

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, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.

Analyst Recommendations for H. B. Fuller (NYSE:FUL)

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