H.B. Fuller (NYSE:FUL) Raises Dividend to $0.24 Per Share

H.B. Fuller (NYSE:FUL) declared a quarterly dividend on Tuesday, April 15th, RTT News reports. Stockholders of record on Tuesday, April 29th will be paid a dividend of 0.235 per share by the specialty chemicals company on Tuesday, May 13th. This represents a $0.94 dividend on an annualized basis and a dividend 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 increased its dividend payment by an average of 9.5% annually over the last three years and has raised its dividend every year for the last 56 years. H.B. Fuller has a dividend 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

NYSE:FUL opened at $53.58 on Wednesday. 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. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10. H.B. Fuller has a 12-month low of $47.56 and a 12-month high of $87.67. The firm has a 50-day moving average price of $55.78 and a 200 day moving average price of $66.07.

H.B. Fuller (NYSE:FUL) last released its quarterly earnings results on Wednesday, March 26th. The specialty chemicals company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $788.66 million for the quarter, compared to analyst estimates of $769.55 million. H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. H.B. Fuller’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 EPS. Research analysts anticipate that H.B. Fuller will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling at H.B. Fuller

In other H.B. Fuller news, CEO Celeste Beeks Mastin acquired 3,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was purchased at an average price of $56.66 per share, with a total value of $198,310.00. Following the acquisition, the chief executive officer now directly owns 3,500 shares of the company’s stock, valued at approximately $198,310. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price target on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Vertical Research lowered H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Seaport Res Ptn downgraded H.B. Fuller from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. 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 research report on Friday, March 28th. Finally, Citigroup reduced their price target on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.33.

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.