Rating Alert: Time To Sell H.B. Fuller (NYSE:FUL), JP Morgan Downgrades It

November 30, 2016 - By Vivian Park

Rating Alert: Time To Sell H.B. Fuller (NYSE:FUL), JP Morgan Downgrades It

H.B. Fuller (NYSE:FUL) Downgrade

H.B. Fuller (NYSE:FUL) was decreased by research analysts at JP Morgan from a “Overweight” rating to a “Neutral” rating in a research report sent to clients and investors on Wednesday morning.

HB Fuller Co (NYSE:FUL) Ratings Coverage

Out of 5 analysts covering HB Fuller (NYSE:FUL), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $53 is the highest target while $40 is the lowest. The $48 average target is 0.88% above today’s ($47.58) stock price. HB Fuller has been the topic of 10 analyst reports since August 28, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the shares of FUL in a report on Friday, September 25 with “Buy” rating. The company was initiated on Thursday, September 29 by Citigroup. Seaport Global Securities upgraded HB Fuller Co (NYSE:FUL) rating on Monday, September 26. Seaport Global Securities has “Buy” rating and $51 price target. The stock has “Sell” rating given by Zacks on Friday, August 28. The firm has “Hold” rating by Deutsche Bank given on Thursday, April 21. JP Morgan upgraded the stock to “Overweight” rating in Monday, March 28 report. Zacks upgraded the shares of FUL in a report on Thursday, September 3 to “Hold” rating. The rating was maintained by Deutsche Bank with “Buy” on Monday, March 28. Deutsche Bank maintained the stock with “Hold” rating in Friday, June 24 report.

About 68,319 shares traded hands. HB Fuller Co (NYSE:FUL) has risen 7.95% since April 27, 2016 and is uptrending. It has outperformed by 2.72% the S&P500.

Analysts await HB Fuller Co (NYSE:FUL) to report earnings on January, 11. They expect $0.75 earnings per share, up 8.70% or $0.06 from last year’s $0.69 per share. FUL’s profit will be $37.99M for 15.86 P/E if the $0.75 EPS becomes a reality. After $0.64 actual earnings per share reported by HB Fuller Co for the previous quarter, Wall Street now forecasts 17.19% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.69, from 1.75 in 2016Q1. The ratio turned negative, as 16 funds sold all HB Fuller Co shares owned while 51 reduced positions. 41 funds bought stakes while 76 increased positions. They now own 44.61 million shares or 2.24% less from 45.63 million shares in 2016Q1.

Richard Bernstein Advisors Limited Liability Company last reported 57,876 shares in the company. Huntington Bankshares owns 37 shares or 0% of their US portfolio. Pacad Invest Limited holds 0.01% or 1,800 shares in its portfolio. Savings Bank Of Montreal Can has invested 0% of its portfolio in HB Fuller Co (NYSE:FUL). Employees Retirement Systems Of Texas has invested 0.03% of its portfolio in HB Fuller Co (NYSE:FUL). Voya Investment Ltd Liability accumulated 0.11% or 984,258 shares. Old Natl Bancshares In holds 0.03% or 10,282 shares in its portfolio. Employees Retirement Association Of Colorado last reported 12,192 shares in the company. Tfs Limited Liability Co accumulated 22,282 shares or 0.18% of the stock. Credit Suisse Ag accumulated 57,051 shares or 0% of the stock. Dimensional Fund Advsr Limited Partnership reported 1.79M shares or 0.05% of all its holdings. White Pine Capital Ltd accumulated 12,925 shares or 0.24% of the stock. Blackrock Invest Mgmt Lc has invested 0.01% of its portfolio in HB Fuller Co (NYSE:FUL). The United Kingdom-based Gsa Capital Ltd Liability Partnership has invested 0.03% in HB Fuller Co (NYSE:FUL). Principal Financial accumulated 0.02% or 362,309 shares.

Insider Transactions: Since July 27, 2016, the stock had 0 insider purchases, and 5 selling transactions for $5.60 million net activity. GIERTZ JAMES R sold $1.16M worth of stock. 55,048 shares were sold by Owens James, worth $2.56 million on Wednesday, July 27. 8,037 shares with value of $369,955 were sold by Keenan Timothy J on Wednesday, August 3.

H.B. Fuller Company is a formulator, maker and marketer of adhesives, sealants and other specialty chemical products. The company has a market cap of $2.41 billion. The Company’s divisions include Americas Adhesives; Europe, India, Middle East and Africa ; Asia Pacific, and Construction Products. It has a 22.17 P/E ratio. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water and solvent products.

According to Zacks Investment Research, “H.B. Fuller Company is a worldwide manufacturer and marketer of adhesives, sealants, coatings, paints and other specialty chemical products. The company’s largest worldwide business category is adhesives, sealants and coatings. These products are sold to customers in a wide range of industries, including packaging, woodworking, automotive, aerospace, graphic arts (books/magazines), appliances, filtration, windows, sporting goods, nonwovens, shoes and ceramic tile.”

FUL Company Profile

H.B. Fuller Company, incorporated on December 16, 1915, is a formulator, maker and marketer of adhesives, sealants and other specialty chemical products. The Company’s divisions include Americas Adhesives; Europe, India, Middle East and Africa (EIMEA); Asia Pacific, and Construction Products. The Americas Adhesives segment includes a range of specialty adhesives, such as thermoplastic, thermoset, reactive, and water and solvent products. The EIMEA segment consists of an adhesives component with the same range of products as the Americas Adhesives segment. The Asia Pacific segment offers the same products as the American Adhesives segment, and also includes caulks and sealants for the consumer market and professional trade, sold through retailers, primarily in Australia. The Construction Products operating segment provides floor preparation, grouts and mortars for tile setting, as well as sealants and related products for heating, ventilation and air conditioning installations.

More notable recent HB Fuller Co (NYSE:FUL) news were published by: Marketwatch.com which released: “HB Fuller stock price target raised to $47 from $44 at Deutsche Bank” on June 23, 2009, also Startribune.com with their article: “HB Fuller wins case against Accenture” published on November 12, 2015, Dividend.com published: “HB Fuller Co. (FUL)” on July 09, 2008. More interesting news about HB Fuller Co (NYSE:FUL) were released by: Startribune.com and their article: “CEO Pay Watch: James Owens, HB Fuller Co.” published on March 01, 2014 as well as Startribune.com‘s news article titled: “HB Fuller to acquire 95% of Chinese adhesives firm for $230M” with publication date: June 26, 2014.

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