Rating of The Day: JPMorgan Gives H.B. Fuller (FUL) Lower Rating. Lost Its Overweight Rating

November 30, 2016 - By Winifred Garcia

Rating of The Day: JPMorgan Gives H.B. Fuller (FUL) Lower Rating. Lost Its Overweight Rating

H.B. Fuller (FUL) Downgrade

In a analysts note revealed to clients and investors on Wednesday morning, JPMorgan decreased shares of H.B. Fuller (FUL) to a Neutral rating from a Overweight rating.

HB Fuller Co (NYSE:FUL) Ratings Coverage

Out of 2 analysts covering H.B. Fuller (FUL), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $53.0 is the highest target while $51.0 is the lowest. The $52 average target is 9.29% above today’s ($47.58) stock price. H.B. Fuller has been the topic of 2 analyst reports since September 26, 2016 according to StockzIntelligence Inc. The stock of HB Fuller Co (NYSE:FUL) has “Buy” rating given on Monday, September 26 by Seaport Global Securities. Citigroup initiated the stock with “Buy” rating in Thursday, September 29 report.

About 82,269 shares traded hands. HB Fuller Co (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 15.86 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 worsened, 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.

Swiss Fincl Bank, a Switzerland-based fund reported 82,800 shares. Moreover, Mufg Americas has 0% invested in HB Fuller Co (NYSE:FUL) for 141 shares. Mairs And Pwr Inc has 3.53 million shares for 2.09% of their US portfolio. Fiduciary Mgmt Wi has invested 0.65% of its portfolio in HB Fuller Co (NYSE:FUL). California State Teachers Retirement Systems, a California-based fund reported 105,352 shares. Wedge Mgmt L L P Nc last reported 0.26% of its portfolio in the stock. Cetera Advisor holds 0.04% or 14,216 shares in its portfolio. Blackrock Grp Inc Ltd last reported 66,275 shares in the company. Edge Asset Mngmt Inc has 193,428 shares for 0.08% of their US portfolio. Barrow Hanley Mewhinney Strauss Ltd Company has 0.01% invested in the company for 117,554 shares. The Pennsylvania-based Stevens Capital Mngmt Lp has invested 0.01% in HB Fuller Co (NYSE:FUL). Menta Cap Ltd Limited Liability Company reported 9,125 shares or 0.06% of all its holdings. The Ontario – Canada-based Royal Financial Bank Of Canada has invested 0% in HB Fuller Co (NYSE:FUL). Manufacturers Life Ins The holds 0.01% of its portfolio in HB Fuller Co (NYSE:FUL) for 100,591 shares. Dorsey And Whitney Tru Comm Lc, a South Dakota-based fund reported 38,530 shares.

Insider Transactions: Since July 27, 2016, the stock had 0 insider purchases, and 5 sales for $5.60 million net activity. $370,419 worth of HB Fuller Co (NYSE:FUL) shares were sold by Keenan Timothy J. Owens James also sold $2.56 million worth of HB Fuller Co (NYSE:FUL) on Wednesday, July 27. GIERTZ JAMES R sold $1.14M worth of stock.

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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