H. B. Fuller (NYSE:FUL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The brokerage currently has a $62.00 price target on the specialty chemicals company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 10.36% from the stock’s previous close.

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. “

A number of other analysts have also recently commented on FUL. BidaskClub cut H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. KeyCorp reissued a “hold” rating on shares of H. B. Fuller in a research note on Thursday, August 24th. 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 for the company. ValuEngine cut H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Citigroup cut H. B. Fuller from a “buy” rating to a “neutral” rating and set a $60.00 target price for the company. in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $60.00.

Shares of H. B. Fuller (FUL) traded up $0.53 during mid-day trading on Monday, hitting $56.18. The 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. 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 has a one year low of $46.58 and a one year high of $58.74.

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

In related news, VP Robert J. Martsching sold 3,870 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $57.93, for a total transaction of $224,189.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy J. Keenan sold 6,500 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $55.08, for a total value of $358,020.00. Following the sale, the vice president now directly owns 29,611 shares of the company’s stock, valued at $1,630,973.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,767 shares of company stock valued at $897,394. 3.10% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FUL. BlackRock Inc. boosted its position in H. B. Fuller by 0.6% during the 2nd quarter. BlackRock Inc. now owns 6,252,664 shares of the specialty chemicals company’s stock worth $319,575,000 after acquiring an additional 34,858 shares during the last quarter. Vanguard Group Inc. boosted its position in H. B. Fuller by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,108,535 shares of the specialty chemicals company’s stock worth $261,098,000 after acquiring an additional 53,030 shares during the last quarter. BlackRock Fund Advisors boosted its position in H. B. Fuller by 8.0% during the 3rd quarter. BlackRock Fund Advisors now owns 3,597,431 shares of the specialty chemicals company’s stock worth $167,173,000 after acquiring an additional 266,324 shares during the last quarter. Mairs & Power INC boosted its position in H. B. Fuller by 0.4% during the 3rd quarter. Mairs & Power INC now owns 3,540,296 shares of the specialty chemicals company’s stock worth $164,518,000 after acquiring an additional 13,770 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in H. B. Fuller by 3.1% during the 1st quarter. Franklin Resources Inc. now owns 2,680,846 shares of the specialty chemicals company’s stock worth $113,801,000 after acquiring an additional 80,121 shares during the last quarter. 92.35% of the stock is owned by institutional investors and hedge funds.

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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, 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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