HB Fuller (NYSE:FUL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.

According to Zacks, “H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives. H.B. Fuller’s commitment to innovation brings together people, products and processes that answer and solve some of the world’s biggest challenges. H.B. Fuller adhesives products used in manufacturing common consumer and industrial goods, including food and beverage containers, disposable diapers, windows, doors, flooring, appliances, sportswear, footwear, multi-wall bags, water filtration products, insulation, textiles, automotives, solar energy systems and electronics. H.B. Fuller also provides customers with technical support and unique solutions designed to address their specific needs. H.B. Fuller has established a variety of product offerings for residential construction markets, such as tile-setting adhesives, grout, sealants and related products. “

FUL has been the topic of a number of other reports. Stifel Nicolaus began coverage on shares of HB Fuller in a report on Monday, December 10th. They set a “buy” rating and a $62.00 target price on the stock. Deutsche Bank reduced their target price on shares of HB Fuller from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, September 28th. ValuEngine raised shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Robert W. Baird reduced their target price on shares of HB Fuller from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $61.11.

Shares of HB Fuller stock opened at $45.17 on Thursday. The company has a market cap of $2.31 billion, a P/E ratio of 15.06, a P/E/G ratio of 0.73 and a beta of 1.41. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.48 and a current ratio of 2.25. HB Fuller has a 1 year low of $39.61 and a 1 year high of $59.58.

HB Fuller (NYSE:FUL) last announced its quarterly earnings results on Wednesday, January 16th. The specialty chemicals company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.09). The company had revenue of $768.43 million for the quarter, compared to the consensus estimate of $806.99 million. HB Fuller had a net margin of 5.63% and a return on equity of 13.85%. The firm’s revenue was up 13.3% on a year-over-year basis. Equities research analysts forecast that HB Fuller will post 3.31 EPS for the current year.

In other HB Fuller news, VP Traci L. Jensen sold 4,129 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $46.01, for a total transaction of $189,975.29. Following the sale, the vice president now directly owns 20,997 shares of the company’s stock, valued at approximately $966,071.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.46% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of FUL. Raymond James & Associates lifted its position in shares of HB Fuller by 4.6% in the 2nd quarter. Raymond James & Associates now owns 108,190 shares of the specialty chemicals company’s stock worth $5,808,000 after purchasing an additional 4,762 shares during the period. California Public Employees Retirement System lifted its position in shares of HB Fuller by 13.5% in the 2nd quarter. California Public Employees Retirement System now owns 148,256 shares of the specialty chemicals company’s stock worth $7,958,000 after purchasing an additional 17,677 shares during the period. Jane Street Group LLC acquired a new position in shares of HB Fuller in the 2nd quarter worth approximately $269,000. Northern Trust Corp lifted its position in shares of HB Fuller by 5.0% in the 2nd quarter. Northern Trust Corp now owns 1,189,072 shares of the specialty chemicals company’s stock worth $63,830,000 after purchasing an additional 56,943 shares during the period. Finally, Personal Capital Advisors Corp lifted its position in shares of HB Fuller by 9.4% in the 3rd quarter. Personal Capital Advisors Corp now owns 77,231 shares of the specialty chemicals company’s stock worth $3,991,000 after purchasing an additional 6,658 shares during the period. Hedge funds and other institutional investors own 98.38% of the company’s stock.

About HB Fuller

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, and other specialty chemical products worldwide. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives.

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