H. B. Fuller Company (NYSE:FUL) – KeyCorp lifted their Q4 2017 earnings per share estimates for shares of H. B. Fuller in a research report issued to clients and investors on Monday. KeyCorp analyst M. Sison now forecasts that the specialty chemicals company will post earnings of $0.85 per share for the quarter, up from their prior estimate of $0.80. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for H. B. Fuller’s FY2018 earnings at $3.00 EPS.
Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of H. B. Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird began coverage on shares of H. B. Fuller in a research note on Thursday, September 14th. They set a “neutral” rating and a $60.00 target price on the stock. Deutsche Bank AG lifted their target price on shares of H. B. Fuller from $56.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, September 6th. Finally, BidaskClub cut shares of H. B. Fuller from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. H. B. Fuller has an average rating of “Hold” and a consensus price target of $57.40.
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Shares of H. B. Fuller (FUL) traded up 0.24% during trading on Wednesday, hitting $57.29. 24,586 shares of the company were exchanged. H. B. Fuller has a 12 month low of $41.52 and a 12 month high of $58.74. The firm has a market capitalization of $2.88 billion, a PE ratio of 28.10 and a beta of 1.72. The firm’s 50-day moving average price is $54.93 and its 200 day moving average price is $52.30.
H. B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $553.66 million.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 2nd. Investors of record on Thursday, October 19th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, October 18th. This represents a $0.60 annualized dividend and a yield of 1.05%. H. B. Fuller’s dividend payout ratio (DPR) is currently 29.41%.
In related news, VP Traci L. Jensen sold 5,397 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $58.40, for a total value of $315,184.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in H. B. Fuller by 0.6% in the 2nd quarter. BlackRock Inc. now owns 6,252,664 shares of the specialty chemicals company’s stock valued at $319,575,000 after buying an additional 34,858 shares during the period. Vanguard Group Inc. raised its holdings in H. B. Fuller by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,108,535 shares of the specialty chemicals company’s stock valued at $261,098,000 after buying an additional 53,030 shares during the period. Janus Henderson Group PLC purchased a new stake in H. B. Fuller in the 2nd quarter valued at about $105,912,000. Dimensional Fund Advisors LP raised its holdings in H. B. Fuller by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,675 shares of the specialty chemicals company’s stock valued at $103,226,000 after buying an additional 15,212 shares during the period. Finally, Champlain Investment Partners LLC raised its holdings in H. B. Fuller by 53.9% in the 1st quarter. Champlain Investment Partners LLC now owns 1,664,330 shares of the specialty chemicals company’s stock valued at $85,813,000 after buying an additional 582,945 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.
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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