H.B. Fuller (FUL) to Issue Quarterly Dividend of $0.22 on May 9th

H.B. Fuller (NYSE:FUL) declared a quarterly dividend on Thursday, April 11th, Zacks reports. Investors of record on Thursday, April 25th will be paid a dividend of 0.222 per share by the specialty chemicals company on Thursday, May 9th. This represents a $0.89 annualized dividend and a yield of 1.15%. The ex-dividend date is Wednesday, April 24th. This is a boost from H.B. Fuller’s previous quarterly dividend of $0.21.

H.B. Fuller has raised its dividend by an average of 7.5% per year over the last three years and has increased its dividend annually for the last 55 consecutive years. H.B. Fuller has a dividend payout ratio of 18.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect H.B. Fuller to earn $5.06 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 17.6%.

H.B. Fuller Stock Up 1.1 %

Shares of NYSE FUL opened at $76.95 on Monday. The firm has a market cap of $4.19 billion, a PE ratio of 27.98, a P/E/G ratio of 1.22 and a beta of 1.52. H.B. Fuller has a 12-month low of $62.57 and a 12-month high of $84.31. The company’s fifty day simple moving average is $78.52 and its 200 day simple moving average is $76.47. The company has a quick ratio of 1.23, a current ratio of 1.99 and a debt-to-equity ratio of 1.03.

H.B. Fuller (NYSE:FUL) last issued its earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. H.B. Fuller had a net margin of 4.39% and a return on equity of 12.88%. The business had revenue of $810.42 million for the quarter, compared to analyst estimates of $823.04 million. During the same period in the prior year, the firm earned $0.55 earnings per share. H.B. Fuller’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts forecast that H.B. Fuller will post 4.32 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Heather Campe sold 13,243 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $77.05, for a total value of $1,020,373.15. Following the completion of the sale, the vice president now owns 20,406 shares in the company, valued at $1,572,282.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Muhammad Shahbaz Malik sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $76.28, for a total transaction of $1,067,920.00. Following the completion of the sale, the vice president now owns 9,089 shares in the company, valued at $693,308.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Heather Campe sold 13,243 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $77.05, for a total transaction of $1,020,373.15. Following the sale, the vice president now owns 20,406 shares of the company’s stock, valued at approximately $1,572,282.30. The disclosure for this sale can be found here. Insiders sold a total of 60,301 shares of company stock worth $4,673,473 over the last quarter. Insiders own 1.96% of the company’s stock.

Institutional Trading of H.B. Fuller

Large investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. increased its holdings in H.B. Fuller by 4.9% during the second quarter. UBS Asset Management Americas Inc. now owns 66,538 shares of the specialty chemicals company’s stock worth $4,006,000 after buying an additional 3,081 shares during the last quarter. Luminus Management LLC bought a new position in H.B. Fuller during the first quarter worth about $3,396,000. Marshall Wace LLP boosted its position in H.B. Fuller by 150.1% during the second quarter. Marshall Wace LLP now owns 34,336 shares of the specialty chemicals company’s stock worth $2,455,000 after purchasing an additional 20,608 shares during the period. BNP Paribas Arbitrage SNC boosted its position in H.B. Fuller by 47.4% during the first quarter. BNP Paribas Arbitrage SNC now owns 34,983 shares of the specialty chemicals company’s stock worth $2,395,000 after purchasing an additional 11,251 shares during the period. Finally, MetLife Investment Management LLC boosted its position in H.B. Fuller by 55.7% during the first quarter. MetLife Investment Management LLC now owns 27,833 shares of the specialty chemicals company’s stock worth $1,839,000 after purchasing an additional 9,960 shares during the period. Hedge funds and other institutional investors own 95.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on FUL shares. StockNews.com upgraded shares of H.B. Fuller from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. Robert W. Baird upped their price objective on shares of H.B. Fuller from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Vertical Research started coverage on shares of H.B. Fuller in a report on Tuesday, March 19th. They set a “buy” rating and a $88.00 price objective on the stock. Finally, Stifel Nicolaus upped their price objective on shares of H.B. Fuller from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $86.20.

H.B. Fuller Company Profile

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.