Wall Street Zen lowered shares of H. B. Fuller (NYSE:FUL – Free Report) from a strong-buy rating to a buy rating in a research report released on Saturday morning.
Several other analysts have also recently weighed in on FUL. Raymond James Financial set a $67.00 price objective on shares of H. B. Fuller in a research note on Friday, June 26th. The Goldman Sachs Group set a $67.00 target price on shares of H. B. Fuller in a research report on Friday, June 26th. UBS Group set a $69.00 target price on shares of H. B. Fuller in a report on Friday, June 26th. JPMorgan Chase & Co. upgraded shares of H. B. Fuller from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $58.00 to $67.00 in a research report on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on H. B. Fuller from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.86.
Check Out Our Latest Stock Analysis on H. B. Fuller
H. B. Fuller Stock Up 1.3%
H. B. Fuller (NYSE:FUL – Get Free Report) last announced its earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. H. B. Fuller had a net margin of 5.29% and a return on equity of 12.18%. The company had revenue of $950.27 million during the quarter, compared to analysts’ expectations of $924.83 million. During the same quarter in the previous year, the business posted $1.18 earnings per share. H. B. Fuller’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts anticipate that H. B. Fuller will post 4.87 earnings per share for the current year.
H. B. Fuller Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be issued a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, July 30th. H. B. Fuller’s dividend payout ratio is 30.06%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in FUL. Parallel Advisors LLC raised its position in H. B. Fuller by 85.6% during the first quarter. Parallel Advisors LLC now owns 1,034 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 477 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in H. B. Fuller during the first quarter worth $240,000. Bank of America Corp DE boosted its holdings in shares of H. B. Fuller by 36.3% in the 1st quarter. Bank of America Corp DE now owns 513,163 shares of the specialty chemicals company’s stock valued at $31,652,000 after purchasing an additional 136,666 shares in the last quarter. Amundi boosted its holdings in shares of H. B. Fuller by 23.1% in the 1st quarter. Amundi now owns 12,024 shares of the specialty chemicals company’s stock valued at $742,000 after purchasing an additional 2,253 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of H. B. Fuller by 19.8% in the 1st quarter. California State Teachers Retirement System now owns 61,623 shares of the specialty chemicals company’s stock valued at $3,801,000 after purchasing an additional 10,196 shares during the last quarter. 95.93% of the stock is owned by institutional investors.
About H. B. Fuller
H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.
Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.
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