Deutsche Bank Aktiengesellschaft Cuts H.B. Fuller (NYSE:FUL) Price Target to $72.00

H.B. Fuller (NYSE:FUL) had its target price cut by Deutsche Bank Aktiengesellschaft from $75.00 to $72.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

Several other equities research analysts have also issued reports on FUL. JPMorgan Chase & Co. lowered their target price on shares of H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Citigroup dropped their target price on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Finally, Vertical Research downgraded H.B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $75.60.

H.B. Fuller Trading Up 0.7 %

FUL opened at $62.75 on Wednesday. The stock has a 50-day moving average of $69.42 and a 200 day moving average of $76.30. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. H.B. Fuller has a 12 month low of $60.96 and a 12 month high of $87.67. The firm has a market cap of $3.43 billion, a P/E ratio of 27.16, a P/E/G ratio of 1.18 and a beta of 1.43.

H.B. Fuller (NYSE:FUL) last announced its earnings results on Wednesday, January 15th. The specialty chemicals company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The company had revenue of $923.00 million during the quarter, compared to analysts’ expectations of $916.84 million. During the same quarter last year, the firm posted $1.32 EPS. H.B. Fuller’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts forecast that H.B. Fuller will post 4.07 EPS for the current year.

H.B. Fuller Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a $0.2225 dividend. The ex-dividend date is Thursday, February 6th. This represents a $0.89 annualized dividend and a yield of 1.42%. H.B. Fuller’s dividend payout ratio (DPR) is currently 38.53%.

Institutional Investors Weigh In On H.B. Fuller

A number of institutional investors and hedge funds have recently bought and sold shares of FUL. Marshall Wace LLP grew its position in shares of H.B. Fuller by 9.9% during the 2nd quarter. Marshall Wace LLP now owns 290,005 shares of the specialty chemicals company’s stock worth $22,319,000 after buying an additional 26,239 shares in the last quarter. S&CO Inc. grew its holdings in H.B. Fuller by 0.3% during the 3rd quarter. S&CO Inc. now owns 267,192 shares of the specialty chemicals company’s stock worth $21,209,000 after acquiring an additional 920 shares in the last quarter. Geode Capital Management LLC increased its position in H.B. Fuller by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,258,752 shares of the specialty chemicals company’s stock valued at $99,939,000 after purchasing an additional 18,734 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of H.B. Fuller by 79.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 730,058 shares of the specialty chemicals company’s stock valued at $57,952,000 after purchasing an additional 324,056 shares in the last quarter. Finally, Wesbanco Bank Inc. raised its holdings in shares of H.B. Fuller by 41.2% in the 4th quarter. Wesbanco Bank Inc. now owns 13,700 shares of the specialty chemicals company’s stock valued at $924,000 after purchasing an additional 4,000 shares in the last quarter. 95.93% of the stock is owned by institutional investors.

About H.B. Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.