H.B. Fuller (NYSE:FUL) Lowered to Hold Rating by Vertical Research

Vertical Research cut shares of H.B. Fuller (NYSE:FUL) from a buy rating to a hold rating in a research report released on Monday, Marketbeat Ratings reports.

A number of other brokerages also recently commented on FUL. Citigroup reduced their price objective on shares of 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. StockNews.com cut H.B. Fuller from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.25.

H.B. Fuller Stock Up 0.4 %

Shares of H.B. Fuller stock opened at $63.17 on Monday. The company has a market cap of $3.45 billion, a P/E ratio of 19.50, a PEG ratio of 1.24 and a beta of 1.43. The firm has a fifty day moving average of $72.62 and a two-hundred day moving average of $77.47. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.89. H.B. Fuller has a one year low of $61.71 and a one year high of $87.67.

Institutional Investors Weigh In On H.B. Fuller

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dorsey & Whitney Trust CO LLC raised its holdings in H.B. Fuller by 8.1% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 71,354 shares of the specialty chemicals company’s stock worth $5,491,000 after purchasing an additional 5,356 shares during the last quarter. S&CO Inc. raised its stake in shares of 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 buying an additional 920 shares during the last quarter. Marshall Wace LLP boosted its position in shares of H.B. Fuller by 9.9% in 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. Lord Abbett & CO. LLC grew its stake in 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 acquiring an additional 324,056 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings 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 acquiring an additional 18,734 shares in the last quarter. 95.93% of the stock is currently owned by institutional investors and hedge funds.

H.B. Fuller Company Profile

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.