H. B. Fuller Company (NYSE:FUL) to Issue Quarterly Dividend of $0.24

H. B. Fuller Company (NYSE:FUL) announced a quarterly dividend on Thursday, January 22nd. Shareholders of record on Thursday, February 5th will be paid a dividend of 0.235 per share by the specialty chemicals company on Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, February 5th.

H. B. Fuller has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 57 consecutive years. H. B. Fuller has a dividend payout ratio of 20.3% 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 $0.94 annual dividend with an expected future payout ratio of 19.7%.

H. B. Fuller Stock Performance

NYSE FUL opened at $60.48 on Friday. The business has a 50 day simple moving average of $59.85 and a two-hundred day simple moving average of $59.65. H. B. Fuller has a 1-year low of $47.56 and a 1-year high of $67.05. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.70 and a quick ratio of 1.06. The stock has a market capitalization of $3.27 billion, a PE ratio of 20.16, a P/E/G ratio of 0.89 and a beta of 1.10.

H. B. Fuller (NYSE:FUL) last issued its quarterly earnings data on Thursday, January 15th. The specialty chemicals company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.04. H. B. Fuller had a return on equity of 12.21% and a net margin of 4.38%.The business had revenue of $894.79 million for the quarter, compared to the consensus estimate of $901.34 million. During the same period in the prior year, the business posted $0.92 earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, research analysts predict that H. B. Fuller will post 4.07 EPS for the current fiscal year.

Insider Activity at H. B. Fuller

In other H. B. Fuller news, CFO John J. Corkrean sold 14,222 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $60.31, for a total value of $857,728.82. Following the transaction, the chief financial officer owned 54,646 shares in the company, valued at approximately $3,295,700.26. This trade represents a 20.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Nathan D. Weaver sold 7,075 shares of H. B. Fuller stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $58.38, for a total transaction of $413,038.50. Following the sale, the vice president directly owned 9,441 shares in the company, valued at approximately $551,165.58. This trade represents a 42.84% decrease in their position. The SEC filing for this sale provides additional information. 1.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On H. B. Fuller

Several hedge funds and other institutional investors have recently modified their holdings of FUL. Deprince Race & Zollo Inc. lifted its position in H. B. Fuller by 80.4% in the third quarter. Deprince Race & Zollo Inc. now owns 555,877 shares of the specialty chemicals company’s stock valued at $32,952,000 after buying an additional 247,815 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of H. B. Fuller by 16.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 612,048 shares of the specialty chemicals company’s stock valued at $36,815,000 after acquiring an additional 85,469 shares during the period. Squarepoint Ops LLC acquired a new position in shares of H. B. Fuller in the 2nd quarter worth approximately $1,661,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of H. B. Fuller by 12.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,904 shares of the specialty chemicals company’s stock worth $596,000 after purchasing an additional 1,077 shares during the period. Finally, Luminus Management LLC purchased a new stake in H. B. Fuller in the third quarter valued at approximately $2,172,000. 95.93% of the stock is owned by hedge funds and other institutional investors.

About H. B. Fuller

H. B. Fuller Company, founded in 1887 and headquartered in St. Paul, Minnesota, is a global adhesives and specialty chemical solutions provider serving a wide array of industries. The company develops, manufactures and markets adhesive technologies, sealants, polymers and related chemical products designed to enhance product performance, sustainability and manufacturing efficiency.

Fuller’s product portfolio spans multiple market segments, including packaging and converting, general industrial assembly, electronics, transportation, hygiene and construction.