Shares of HB Fuller Co (NYSE:FUL) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $59.33.
Several brokerages recently issued reports on FUL. ValuEngine downgraded HB Fuller from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Citigroup downgraded HB Fuller from a “buy” rating to a “neutral” rating and set a $60.00 price target on the stock. in a report on Tuesday, October 31st.
In other HB Fuller news, VP Timothy J. Keenan sold 6,500 shares of HB Fuller stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $55.08, for a total transaction of $358,020.00. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in FUL. Janus Henderson Group PLC bought a new stake in HB Fuller during the 2nd quarter valued at $105,912,000. Principal Financial Group Inc. raised its stake in HB Fuller by 57.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,535,893 shares of the specialty chemicals company’s stock valued at $89,173,000 after acquiring an additional 557,994 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in HB Fuller by 135.7% during the 3rd quarter. Westfield Capital Management Co. LP now owns 476,700 shares of the specialty chemicals company’s stock valued at $27,677,000 after acquiring an additional 274,433 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of HB Fuller by 92.4% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 417,610 shares of the specialty chemicals company’s stock valued at $24,247,000 after purchasing an additional 200,594 shares during the period. Finally, Royal Bank of Canada increased its position in shares of HB Fuller by 23.8% during the 2nd quarter. Royal Bank of Canada now owns 750,504 shares of the specialty chemicals company’s stock valued at $38,358,000 after purchasing an additional 144,229 shares during the period. 92.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HB Fuller (NYSE:FUL) opened at $54.89 on Tuesday. The stock has a market capitalization of $2,759.75, a P/E ratio of 26.91 and a beta of 1.73. HB Fuller has a 1-year low of $46.93 and a 1-year high of $58.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.63 and a quick ratio of 1.72.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, January 31st. HB Fuller’s payout ratio is currently 29.41%.
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About HB 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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