H. B. Fuller Company (NYSE:FUL) Plans $0.24 Quarterly Dividend

H. B. Fuller Company (NYSE:FUL - Get Free Report) declared a quarterly dividend on Thursday, July 17th, RTT News reports. Stockholders of record on Thursday, July 31st will be paid a dividend of 0.235 per share by the specialty chemicals company on Thursday, August 14th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.53%.

H. B. Fuller has a payout ratio of 20.3% 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 $0.94 annual dividend with an expected future payout ratio of 19.7%.

H. B. Fuller Price Performance

Shares of FUL traded up $1.10 during mid-day trading on Thursday, reaching $61.47. The company had a trading volume of 111,806 shares, compared to its average volume of 394,963. H. B. Fuller has a twelve month low of $47.56 and a twelve month high of $87.67. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.87 and a quick ratio of 1.15. The company's 50-day moving average is $57.56 and its 200-day moving average is $57.65. The company has a market capitalization of $3.32 billion, a P/E ratio of 33.25, a P/E/G ratio of 1.00 and a beta of 1.12.

H. B. Fuller (NYSE:FUL - Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The specialty chemicals company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.08. The business had revenue of $898.10 million for the quarter, compared to analyst estimates of $894.87 million. H. B. Fuller had a return on equity of 11.50% and a net margin of 2.92%. H. B. Fuller's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 EPS. On average, equities analysts anticipate that H. B. Fuller will post 4.07 EPS for the current year.

Insiders Place Their Bets

In other H. B. Fuller news, VP Robert J. Martsching sold 9,546 shares of the company's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $64.30, for a total transaction of $613,807.80. Following the completion of the sale, the vice president directly owned 14,980 shares in the company, valued at $963,214. This represents a 38.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.99% of the stock is owned by insiders.

Institutional Trading of H. B. Fuller

An institutional investor recently bought a new position in H. B. Fuller stock. Strs Ohio purchased a new stake in shares of H. B. Fuller Company (NYSE:FUL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,800 shares of the specialty chemicals company's stock, valued at approximately $101,000. 95.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on FUL shares. Robert W. Baird raised their price objective on H. B. Fuller from $60.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. lifted their price target on H. B. Fuller from $50.00 to $54.00 and gave the company an "underweight" rating in a research note on Friday, June 27th. Finally, Baird R W raised H. B. Fuller from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $67.25.

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.

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