Analysts Set H. B. Fuller Company (NYSE:FUL) PT at $67.75

H. B. Fuller Company (NYSE:FUL) has received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $65.50.

Several analysts have recently commented on FUL shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of H. B. Fuller in a research report on Friday, January 16th. Citigroup decreased their price target on shares of H. B. Fuller from $76.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Weiss Ratings reissued a “hold (c)” rating on shares of H. B. Fuller in a research report on Monday, December 29th. Wall Street Zen downgraded shares of H. B. Fuller from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group set a $66.00 price objective on shares of H. B. Fuller in a research report on Friday, January 16th.

H. B. Fuller Stock Up 2.4%

FUL stock opened at $53.28 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average of $61.36 and a two-hundred day moving average of $60.15. H. B. Fuller has a 12 month low of $47.56 and a 12 month high of $68.63. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 0.78 and a beta of 1.07.

H. B. Fuller (NYSE:FUL) last issued its earnings results on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.04. The business had revenue of $894.79 million for the quarter, compared to analysts’ expectations of $901.34 million. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. As a group, analysts forecast that H. B. Fuller will post 4.07 earnings per share for the current fiscal year.

H. B. Fuller Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, February 5th. H. B. Fuller’s dividend payout ratio is presently 31.33%.

Institutional Investors Weigh In On H. B. Fuller

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of H. B. Fuller in the fourth quarter valued at approximately $44,203,000. Cooke & Bieler LP raised its position in shares of H. B. Fuller by 94.9% during the 3rd quarter. Cooke & Bieler LP now owns 1,481,030 shares of the specialty chemicals company’s stock worth $87,795,000 after purchasing an additional 721,100 shares during the last quarter. UBS Group AG raised its stake in H. B. Fuller by 200.8% in the 3rd quarter. UBS Group AG now owns 820,871 shares of the specialty chemicals company’s stock valued at $48,661,000 after purchasing an additional 548,017 shares during the last quarter. Verition Fund Management LLC grew its stake in H. B. Fuller by 1,379.5% in the 4th quarter. Verition Fund Management LLC now owns 383,955 shares of the specialty chemicals company’s stock worth $22,830,000 after acquiring an additional 358,003 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in H. B. Fuller by 52.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 820,255 shares of the specialty chemicals company’s stock worth $48,772,000 after buying an additional 281,707 shares during the period. Institutional investors and hedge funds own 95.93% of the company’s stock.

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.