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

H. B. Fuller Company (NYSE:FUL - Get Free Report) announced a quarterly dividend on Thursday, July 17th, RTT News reports. Investors of record on Thursday, July 31st will be given 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 1.56%. The ex-dividend date of this dividend is Thursday, July 31st.

H. B. Fuller has a payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 1.8%

Shares of NYSE FUL traded down $1.08 during midday trading on Friday, hitting $60.11. The stock had a trading volume of 435,999 shares, compared to its average volume of 397,484. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 0.99 and a beta of 1.12. H. B. Fuller has a 1-year low of $47.56 and a 1-year high of $87.67. The company has a quick ratio of 1.15, a current ratio of 1.87 and a debt-to-equity ratio of 1.13. The company has a fifty day moving average price of $57.80 and a 200 day moving average price of $57.45.

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

Insider Activity

In related news, VP Robert J. Martsching sold 9,546 shares of the company's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $64.30, for a total value of $613,807.80. Following the completion of the sale, the vice president owned 14,980 shares in the company, valued at approximately $963,214. This represents a 38.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in H. B. Fuller stock. Strs Ohio acquired a new stake in H. B. Fuller Company (NYSE:FUL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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.

Analyst Ratings Changes

A number of research analysts recently commented on FUL shares. Robert W. Baird upped 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. Baird R W upgraded H. B. Fuller from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. upped their target price on H. B. Fuller from $50.00 to $54.00 and gave the company an "underweight" rating in a report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $67.25.

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.