H.B. Fuller (NYSE:FUL) to Issue Quarterly Dividend of $0.22

H.B. Fuller (NYSE:FUL - Get Free Report) announced a quarterly dividend on Thursday, April 11th, Zacks reports. Shareholders 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 1.17%. 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 payment 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 payout ratio of 16.6% meaning 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 $0.82 annual dividend with an expected future payout ratio of 16.2%.

H.B. Fuller Stock Down 2.1 %

Shares of H.B. Fuller stock traded down $1.64 on Friday, hitting $75.90. The company had a trading volume of 281,881 shares, compared to its average volume of 298,060. The stock has a 50-day moving average of $78.53 and a 200-day moving average of $76.11. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.23. H.B. Fuller has a twelve month low of $62.57 and a twelve month high of $84.31. The firm has a market capitalization of $4.14 billion, a P/E ratio of 27.60, a P/E/G ratio of 1.22 and a beta of 1.52.

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

Insider Buying and Selling at H.B. Fuller

In other news, VP Nathan D. Weaver sold 7,292 shares of the company's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $78.64, for a total transaction of $573,442.88. Following the sale, the vice president now owns 4,803 shares in the company, valued at approximately $377,707.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other H.B. Fuller news, VP Nathan D. Weaver sold 7,292 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $78.64, for a total value of $573,442.88. Following the completion of the sale, the vice president now owns 4,803 shares in the company, valued at $377,707.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Muhammad Shahbaz Malik sold 14,000 shares of the business's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $76.28, for a total transaction of $1,067,920.00. Following the transaction, the vice president now owns 9,089 shares in the company, valued at $693,308.92. 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 ninety days. 1.96% of the stock is currently owned by corporate insiders.

Institutional Trading of H.B. Fuller

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its holdings in H.B. Fuller by 25.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 425,162 shares of the specialty chemicals company's stock valued at $29,170,000 after purchasing an additional 85,716 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of H.B. Fuller by 5.6% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 17,496 shares of the specialty chemicals company's stock worth $1,251,000 after purchasing an additional 933 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in shares of H.B. Fuller by 14.5% during the second quarter. Kennedy Capital Management LLC now owns 68,945 shares of the specialty chemicals company's stock worth $4,930,000 after purchasing an additional 8,707 shares during the period. Marshall Wace LLP raised its position in shares of H.B. Fuller by 150.1% in the second quarter. Marshall Wace LLP now owns 34,336 shares of the specialty chemicals company's stock valued at $2,455,000 after buying an additional 20,608 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of H.B. Fuller by 5.8% in the first quarter. Geode Capital Management LLC now owns 999,922 shares of the specialty chemicals company's stock valued at $68,445,000 after buying an additional 55,005 shares in the last quarter. Institutional investors own 95.93% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on FUL. StockNews.com upgraded H.B. Fuller from a "hold" rating to a "buy" rating in a report on Thursday, January 18th. Vertical Research began coverage on shares of H.B. Fuller in a report on Tuesday, March 19th. They issued a "buy" rating and a $88.00 price objective on the stock. Stifel Nicolaus increased their target price 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. Finally, Robert W. Baird raised their target price on shares of H.B. Fuller from $80.00 to $90.00 and gave the company a "neutral" rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $86.20.

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.