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

H.B. Fuller (NYSE:FUL) announced a quarterly dividend on Thursday, January 23rd,RTT News reports. Stockholders of record on Thursday, February 6th will be paid a dividend of 0.2225 per share by the specialty chemicals company on Thursday, February 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.43%.

H.B. Fuller has raised its dividend by an average of 9.5% annually over the last three years. H.B. Fuller has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.6 %

NYSE:FUL traded up $0.34 during midday trading on Thursday, reaching $62.11. 82,073 shares of the stock traded hands, compared to its average volume of 430,212. The company has a fifty day moving average of $69.95 and a 200 day moving average of $76.50. H.B. Fuller has a 12 month low of $60.96 and a 12 month high of $87.67. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.16 and a current ratio of 1.81. The stock has a market capitalization of $3.39 billion, a P/E ratio of 26.88, a PEG ratio of 1.19 and a beta of 1.43.

H.B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, January 15th. The specialty chemicals company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). H.B. Fuller had a return on equity of 12.01% and a net margin of 3.65%. The company had revenue of $923.00 million during the quarter, compared to the consensus estimate of $916.84 million. During the same quarter last year, the company posted $1.32 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts predict that H.B. Fuller will post 4.07 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Vertical Research downgraded shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Wednesday. Citigroup dropped their price target on shares of H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $75.60.

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.