H. B. Fuller Company (NYSE:FUL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

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 assumed coverage on H. B. Fuller in a report on Thursday. They issued a “neutral” rating and a $60.00 price objective on the stock. BidaskClub lowered H. B. Fuller from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. KeyCorp reaffirmed a “hold” rating on shares of H. B. Fuller in a report on Thursday, August 24th. Finally, Deutsche Bank AG upped their price objective on H. B. Fuller from $56.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. H. B. Fuller presently has an average rating of “Hold” and an average target price of $56.33.

H. B. Fuller (NYSE:FUL) traded up 0.63% during midday trading on Friday, reaching $55.70. 749,261 shares of the company’s stock were exchanged. The company has a market cap of $2.81 billion, a P/E ratio of 25.46 and a beta of 1.69. The company has a 50 day moving average price of $51.60 and a 200 day moving average price of $51.42. H. B. Fuller has a 12 month low of $41.52 and a 12 month high of $55.86.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, June 28th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). H. B. Fuller had a net margin of 5.23% and a return on equity of 13.32%. The firm had revenue of $561.65 million during the quarter. During the same quarter last year, the company posted $0.67 earnings per share. On average, equities analysts anticipate that H. B. Fuller will post $2.59 EPS for the current year.

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In related news, VP Dietrich J. Crail bought 970 shares of H. B. Fuller stock in a transaction dated Wednesday, July 12th. The shares were bought at an average cost of $51.41 per share, with a total value of $49,867.70. Following the acquisition, the vice president now owns 970 shares in the company, valued at approximately $49,867.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its holdings in shares of H. B. Fuller by 42.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,996 shares of the specialty chemicals company’s stock worth $102,000 after purchasing an additional 596 shares in the last quarter. Tyers Asset Management LLC grew its holdings in shares of H. B. Fuller by 6.6% during the 1st quarter. Tyers Asset Management LLC now owns 2,064 shares of the specialty chemicals company’s stock worth $106,000 after purchasing an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of H. B. Fuller by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,154 shares of the specialty chemicals company’s stock worth $110,000 after purchasing an additional 218 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in shares of H. B. Fuller during the 1st quarter worth $117,000. Finally, Elkfork Partners LLC grew its holdings in shares of H. B. Fuller by 6.6% during the 1st quarter. Elkfork Partners LLC now owns 2,838 shares of the specialty chemicals company’s stock worth $146,000 after purchasing an additional 176 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

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.

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