Brokerages Set H.B. Fuller (NYSE:FUL) Price Target at $75.60

Shares of H.B. Fuller (NYSE:FUL) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $75.60.

Several research firms recently commented on FUL. Deutsche Bank Aktiengesellschaft dropped their price target on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Vertical Research downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Citigroup reduced their price target on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, January 17th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. S&CO Inc. raised its holdings in H.B. Fuller by 0.3% in the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock valued at $21,209,000 after acquiring an additional 920 shares during the last quarter. Geode Capital Management LLC boosted its position in H.B. Fuller by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock valued at $99,939,000 after buying an additional 18,734 shares during the period. Lord Abbett & CO. LLC boosted its position in H.B. Fuller by 79.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock valued at $57,952,000 after buying an additional 324,056 shares during the period. Wesbanco Bank Inc. raised its holdings in shares of H.B. Fuller by 41.2% in the 4th quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company’s stock valued at $924,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of H.B. Fuller by 17.2% in the 4th quarter. Bank of New York Mellon Corp now owns 554,947 shares of the specialty chemicals company’s stock valued at $37,448,000 after purchasing an additional 81,558 shares in the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

H.B. Fuller Price Performance

NYSE:FUL opened at $60.67 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10. The business’s 50-day simple moving average is $65.14 and its two-hundred day simple moving average is $73.99. The stock has a market cap of $3.32 billion, a PE ratio of 26.27, a P/E/G ratio of 1.17 and a beta of 1.42. H.B. Fuller has a 52 week low of $59.10 and a 52 week high of $87.67.

H.B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The firm had revenue of $923.00 million during the quarter, compared to the consensus estimate of $916.84 million. During the same period last year, the firm posted $1.32 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts forecast that H.B. Fuller will post 4.07 EPS for the current fiscal year.

H.B. Fuller Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be given a dividend of $0.2225 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.89 annualized dividend and a dividend yield of 1.47%. H.B. Fuller’s dividend payout ratio (DPR) is presently 38.53%.

H.B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.