H.B. Fuller (NYSE:FUL) Announces Quarterly Dividend of $0.24

H.B. Fuller (NYSE:FUL) declared a quarterly dividend on Tuesday, April 15th, RTT News reports. Investors of record on Tuesday, April 29th will be given a dividend of 0.235 per share by the specialty chemicals company on Tuesday, May 13th. This represents a $0.94 annualized dividend and a yield of 1.75%. This is a 5.6% increase from H.B. Fuller’s previous quarterly dividend of $0.22.

H.B. Fuller has raised its dividend payment by an average of 9.5% annually over the last three years and has increased its dividend annually for the last 56 consecutive years. H.B. Fuller has a payout ratio of 19.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect H.B. Fuller to earn $4.76 per share next year, which means the company should continue to be able to cover its $0.89 annual dividend with an expected future payout ratio of 18.7%.

H.B. Fuller Stock Performance

Shares of FUL stock opened at $53.58 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.10. The firm has a fifty day simple moving average of $55.78 and a two-hundred day simple moving average of $66.07. The firm has a market capitalization of $2.90 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.13 and a beta of 1.27. H.B. Fuller has a 12 month low of $47.56 and a 12 month high of $87.67.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings data on Wednesday, March 26th. The specialty chemicals company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. H.B. Fuller had a net margin of 3.65% and a return on equity of 12.01%. The business had revenue of $788.66 million during the quarter, compared to the consensus estimate of $769.55 million. During the same quarter last year, the company posted $0.67 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Analysts forecast that H.B. Fuller will post 4.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FUL has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Seaport Res Ptn cut shares of H.B. Fuller from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Vertical Research lowered H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Citigroup lowered their price objective on 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of H.B. Fuller from $60.00 to $50.00 and set an “underweight” rating for the company in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, H.B. Fuller presently has an average rating of “Hold” and an average price target of $63.33.

Insider Buying and Selling at H.B. Fuller

In related news, CEO Celeste Beeks Mastin acquired 3,500 shares of H.B. Fuller stock in a transaction dated Tuesday, April 1st. The shares were purchased at an average price of $56.66 per share, for a total transaction of $198,310.00. Following the completion of the transaction, the chief executive officer now directly owns 3,500 shares in the company, valued at approximately $198,310. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.99% of the stock is currently owned by corporate insiders.

About H.B. Fuller

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.