Rating Flow: H.B. Fuller (NYSE:FUL) Is a Stock JP Morgan Is Wary of; Firm Downgrades It

November 30, 2016 - By Darrin Black

Rating Flow: H.B. Fuller (NYSE:FUL) Is a Stock JP Morgan Is Wary of; Firm Downgrades It

H.B. Fuller (NYSE:FUL) Downgrade

In a an analyst report revealed to clients and investors on 30 November, equity research analysts at JP Morgan’s equity division downgraded H.B. Fuller (NYSE:FUL)‘s stock rating from a”Overweight” to “Neutral”.

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 2.15% above today’s ($46.99) stock price. HB Fuller has been the topic of 10 analyst reports since August 28, 2015 according to StockzIntelligence Inc. JP Morgan upgraded the stock to “Overweight” rating in Monday, March 28 report. The stock of HB Fuller Co (NYSE:FUL) has “Buy” rating given on Thursday, September 29 by Citigroup. As per Thursday, April 21, the company rating was downgraded by Deutsche Bank. The stock of HB Fuller Co (NYSE:FUL) earned “Hold” rating by Deutsche Bank on Friday, June 24. The firm earned “Sell” rating on Friday, August 28 by Zacks. The rating was upgraded by Zacks to “Hold” on Thursday, September 3. Seaport Global Securities upgraded the shares of FUL in a report on Monday, September 26 to “Buy” rating. The firm has “Buy” rating by Deutsche Bank given on Monday, March 28. The firm has “Buy” rating by Deutsche Bank given on Friday, September 25.

About 175,620 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 EPS, up 8.70% or $0.06 from last year’s $0.69 per share. FUL’s profit will be $37.99M for 15.66 P/E if the $0.75 EPS becomes a reality. After $0.64 actual EPS 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 2016 Q2. Its down 0.69, from 1.75 in 2016Q1. The ratio fall, 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.

Morgan Stanley reported 145,882 shares or 0% of all its holdings. Ronna Sue Cohen owns 60,174 shares or 1.97% of their US portfolio. Northern Corporation has invested 0.02% of its portfolio in HB Fuller Co (NYSE:FUL). Wells Fargo And Com Mn has 0% invested in the company for 20,616 shares. Pinebridge Invs Ltd Partnership reported 6,334 shares or 0.01% of all its holdings. Schwartz Inv Counsel has invested 0.17% of its portfolio in HB Fuller Co (NYSE:FUL). Price T Rowe Md, a Maryland-based fund reported 18,270 shares. Daruma Capital Mngmt Lc holds 1.16 million shares or 3.33% of its portfolio. Panagora Asset Management holds 4,850 shares or 0% of its portfolio. State Teachers Retirement Systems reported 129,710 shares or 0.02% of all its holdings. Crawford Invest Counsel Inc holds 35,150 shares or 0.06% of its portfolio. Guggenheim Cap Limited Liability Company reported 16,108 shares or 0% of all its holdings. Bessemer Gp Inc accumulated 0% or 2,220 shares. Alliancebernstein Limited Partnership holds 0% or 86,656 shares in its portfolio. Tocqueville Asset Management L P holds 315,992 shares or 0.18% of its portfolio.

Insider Transactions: Since July 27, 2016, the stock had 0 buys, and 5 sales for $5.60 million net activity. Another trade for 25,000 shares valued at $1.16M was sold by GIERTZ JAMES R. Keenan Timothy J sold 8,037 shares worth $369,955. Shares for $2.56M were sold by Owens James on Wednesday, July 27.

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 $2.38 billion. The Company’s divisions include Americas Adhesives; Europe, India, Middle East and Africa ; Asia Pacific, and Construction Products. It has a 21.9 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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