HB Fuller Co (NYSE:FUL) declared a quarterly dividend on Thursday, October 3rd, RTT News reports. Investors of record on Thursday, October 17th will be given a dividend of 0.16 per share by the specialty chemicals company on Thursday, October 31st. This represents a $0.64 annualized dividend and a yield of 1.39%.

HB Fuller has raised its dividend by an average of 6.4% annually over the last three years and has increased its dividend annually for the last 49 consecutive years. HB Fuller has a dividend payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HB Fuller to earn $3.54 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 18.1%.

Shares of NYSE:FUL traded up $0.70 on Thursday, reaching $46.16. The company’s stock had a trading volume of 395,630 shares, compared to its average volume of 379,194. HB Fuller has a 52-week low of $39.22 and a 52-week high of $51.97. The company has a market cap of $2.37 billion, a P/E ratio of 15.39, a PEG ratio of 1.51 and a beta of 1.57. The company has a 50-day simple moving average of $44.53 and a 200 day simple moving average of $46.10. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.40 and a current ratio of 2.14.

HB Fuller (NYSE:FUL) last issued its quarterly earnings data on Wednesday, September 25th. The specialty chemicals company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.04). HB Fuller had a return on equity of 13.24% and a net margin of 4.78%. The business had revenue of $725.38 million during the quarter, compared to analysts’ expectations of $749.18 million. During the same period in the previous year, the business earned $0.86 earnings per share. The business’s quarterly revenue was down 5.8% on a year-over-year basis. On average, equities research analysts forecast that HB Fuller will post 3 EPS for the current fiscal year.

A number of equities analysts have commented on FUL shares. JPMorgan Chase & Co. dropped their price objective on shares of HB Fuller from $51.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. ValuEngine raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Friday, June 28th. Deutsche Bank set a $50.00 price objective on shares of HB Fuller and gave the stock a “hold” rating in a research note on Friday, September 27th. TheStreet raised shares of HB Fuller from a “c+” rating to a “b-” rating in a research note on Tuesday, July 23rd. Finally, Buckingham Research set a $60.00 price objective on shares of HB Fuller and gave the stock a “buy” rating in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $51.80.

In related news, VP Timothy J. Keenan sold 7,500 shares of HB Fuller stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $48.82, for a total transaction of $366,150.00. Following the completion of the transaction, the vice president now directly owns 27,742 shares of the company’s stock, valued at approximately $1,354,364.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Paula M. Cooney sold 3,647 shares of HB Fuller stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $46.47, for a total transaction of $169,476.09. Following the transaction, the vice president now directly owns 14,057 shares of the company’s stock, valued at $653,228.79. The disclosure for this sale can be found here. 3.46% of the stock is currently owned by insiders.

HB Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products worldwide. The company operates through five segments: Americas Adhesives, EIMEA, Asia Pacific, Construction Adhesives, and Engineering Adhesives.

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Dividend History for HB Fuller (NYSE:FUL)

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