Analysts Set H. B. Fuller Company (NYSE:FUL) Target Price at $67.86

H. B. Fuller Company (NYSE:FUL) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $67.8571.

A number of brokerages recently weighed in on FUL. UBS Group set a $69.00 target price on shares of H. B. Fuller in a research note on Friday, June 26th. Raymond James Financial set a $67.00 target price on H. B. Fuller in a research note on Friday, June 26th. Royal Bank Of Canada set a $58.00 price target on shares of H. B. Fuller in a research note on Wednesday, May 27th. The Goldman Sachs Group set a $67.00 target price on H. B. Fuller in a research report on Friday, June 26th. Finally, Wall Street Zen cut shares of H. B. Fuller from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th.

Insider Buying and Selling at H. B. Fuller

In related news, VP Nathan D. Weaver sold 9,561 shares of H. B. Fuller stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $62.06, for a total transaction of $593,355.66. Following the transaction, the vice president owned 11,739 shares of the company’s stock, valued at $728,522.34. The trade was a 44.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On H. B. Fuller

A number of institutional investors and hedge funds have recently bought and sold shares of FUL. Dimensional Fund Advisors LP boosted its holdings in H. B. Fuller by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,608,006 shares of the specialty chemicals company’s stock worth $160,854,000 after purchasing an additional 132,558 shares during the last quarter. Cooke & Bieler LP increased its holdings in H. B. Fuller by 13.3% in the 4th quarter. Cooke & Bieler LP now owns 1,677,674 shares of the specialty chemicals company’s stock worth $99,754,000 after acquiring an additional 196,644 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of H. B. Fuller by 5.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,228,068 shares of the specialty chemicals company’s stock valued at $73,021,000 after purchasing an additional 66,686 shares during the period. UBS Group AG raised its holdings in H. B. Fuller by 35.0% during the 4th quarter. UBS Group AG now owns 1,108,261 shares of the specialty chemicals company’s stock valued at $65,897,000 after acquiring an additional 287,390 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in H. B. Fuller by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 976,005 shares of the specialty chemicals company’s stock worth $57,858,000 after purchasing an additional 33,522 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

H. B. Fuller Stock Up 1.3%

FUL stock opened at $63.54 on Friday. The firm has a market cap of $3.42 billion, a PE ratio of 19.49, a P/E/G ratio of 0.68 and a beta of 0.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.12. The firm has a 50 day simple moving average of $59.43 and a 200 day simple moving average of $60.53. H. B. Fuller has a 12 month low of $48.71 and a 12 month high of $68.63.

H. B. Fuller (NYSE:FUL) last announced its earnings results on Thursday, June 25th. The specialty chemicals company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $950.27 million during the quarter, compared to the consensus estimate of $924.83 million. H. B. Fuller had a return on equity of 12.18% and a net margin of 5.29%.The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.18 EPS. Equities research analysts forecast that H. B. Fuller will post 4.87 earnings per share for the current fiscal year.

H. B. Fuller Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, July 30th. H. B. Fuller’s dividend payout ratio (DPR) is currently 30.06%.

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.