Citigroup Inc. Lowers H. B. Fuller Company (FUL) to Neutral

Citigroup Inc. lowered shares of H. B. Fuller Company (NYSE:FUL) from a buy rating to a neutral rating in a research note released on Tuesday, Marketbeat.com reports. Citigroup Inc. currently has $60.00 price objective on the specialty chemicals company’s stock.

Other analysts also recently issued reports about the company. Zacks Investment Research raised H. B. Fuller from a sell rating to a hold rating in a research note on Wednesday, October 11th. KeyCorp reiterated a hold rating on shares of H. B. Fuller in a report on Thursday, August 24th. Deutsche Bank AG increased their price target on H. B. Fuller from $56.00 to $58.00 and gave the stock a hold rating in a report on Wednesday, September 6th. Robert W. Baird started coverage on H. B. Fuller in a report on Thursday, September 14th. They set a neutral rating and a $60.00 price target for the company. Finally, BidaskClub cut H. B. Fuller from a hold rating to a sell rating in a report on Saturday, August 12th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $57.60.

Shares of H. B. Fuller (NYSE FUL) traded down $0.75 during trading hours on Tuesday, reaching $55.75. 347,429 shares of the company traded hands, compared to its average volume of 331,726. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.72 and a current ratio of 2.63. The firm has a market cap of $2.82 billion, a P/E ratio of 22.50 and a beta of 1.73.

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

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The company also recently announced a quarterly dividend, which was paid on Thursday, November 2nd. Investors of record on Thursday, October 19th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Wednesday, October 18th. H. B. Fuller’s dividend payout ratio (DPR) is 29.41%.

In other H. B. Fuller news, VP Robert J. Martsching sold 3,870 shares of H. B. Fuller 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 document filed with the SEC, which is available at the SEC website. Also, VP Traci L. Jensen sold 5,397 shares of H. B. Fuller stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $58.40, for a total value of $315,184.80. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan grew its stake in shares of H. B. Fuller by 0.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 15,520 shares of the specialty chemicals company’s stock valued at $793,000 after purchasing an additional 40 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of H. B. Fuller by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the specialty chemicals company’s stock valued at $1,053,000 after purchasing an additional 100 shares during the last quarter. Ronna Sue Cohen grew its stake in shares of H. B. Fuller by 0.3% in the 2nd quarter. Ronna Sue Cohen now owns 58,447 shares of the specialty chemicals company’s stock valued at $2,987,000 after purchasing an additional 156 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of H. B. Fuller by 5.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,339 shares of the specialty chemicals company’s stock valued at $171,000 after purchasing an additional 172 shares during the last quarter. Finally, First Midwest Bank Trust Division grew its stake in shares of H. B. Fuller by 2.2% in the 2nd quarter. First Midwest Bank Trust Division now owns 8,324 shares of the specialty chemicals company’s stock valued at $425,000 after purchasing an additional 179 shares during the last quarter. 92.72% 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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