H. B. Fuller Company (NYSE:FUL) Shareholders Set to Receive $0.24 Quarterly Dividend

H. B. Fuller Company (NYSE:FUL) declared a quarterly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.2450 per share by the specialty chemicals company on Thursday, October 29th. This represents a $0.98 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, October 15th.

H. B. Fuller has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 57 consecutive years. H. B. Fuller has a payout ratio of 21.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect H. B. Fuller to earn $5.35 per share next year, which means the company should continue to be able to cover its $0.98 annual dividend with an expected future payout ratio of 18.3%.

H. B. Fuller Stock Performance

NYSE FUL opened at $50.18 on Friday. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.61 and a beta of 0.99. H. B. Fuller has a twelve month low of $46.70 and a twelve month high of $68.63. The stock has a fifty day simple moving average of $55.24 and a 200 day simple moving average of $58.18. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.95.

H. B. Fuller (NYSE:FUL) last announced its earnings results on Thursday, September 24th. The specialty chemicals company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.47 by $0.05. H. B. Fuller had a return on equity of 12.65% and a net margin of 5.56%.The firm had revenue of $938.17 million for the quarter, compared to the consensus estimate of $945.59 million. During the same period in the previous year, the business earned $1.26 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts expect that H. B. Fuller will post 4.88 EPS for the current year.

Insiders Place Their Bets

In other H. B. Fuller news, Director Srilata Zaheer purchased 2,000 shares of the firm’s stock in a transaction on Monday, September 28th. The stock was acquired at an average price of $49.06 per share, for a total transaction of $98,120.00. Following the purchase, the director owned 3,346 shares of the company’s stock, valued at $164,154.76. This trade represents a 148.59% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles Lauber acquired 2,005 shares of the company’s stock in a transaction on Tuesday, September 29th. The stock was acquired at an average cost of $49.87 per share, for a total transaction of $99,989.35. Following the completion of the purchase, the director directly owned 3,356 shares of the company’s stock, valued at approximately $167,363.72. This represents a 148.41% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 12,582 shares of company stock worth $621,322 in the last quarter. Insiders own 1.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Ellevest Inc. lifted its stake in H. B. Fuller by 7.2% in the 4th quarter. Ellevest Inc. now owns 3,626 shares of the specialty chemicals company’s stock worth $216,000 after purchasing an additional 245 shares in the last quarter. Parallel Advisors LLC grew its position in shares of H. B. Fuller by 85.6% during the 1st quarter. Parallel Advisors LLC now owns 1,034 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 477 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of H. B. Fuller by 6.3% in the first quarter. Inspire Investing LLC now owns 8,362 shares of the specialty chemicals company’s stock worth $516,000 after purchasing an additional 499 shares during the period. Hantz Financial Services Inc. raised its position in shares of H. B. Fuller by 432.9% in the fourth quarter. Hantz Financial Services Inc. now owns 778 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 632 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in H. B. Fuller by 4.3% during the first quarter. Sequoia Financial Advisors LLC now owns 16,874 shares of the specialty chemicals company’s stock valued at $1,041,000 after buying an additional 699 shares during the period. Hedge funds and other institutional investors own 95.93% of the company’s stock.

H. B. Fuller Company Profile

H.B. Fuller Company is a global manufacturer of adhesives, sealants and specialty chemical products. Its solutions are used to bond, seal, protect and assemble materials in commercial and industrial applications, including packaging, hygiene products, construction, transportation, electronics and durable goods.

The company offers products such as hot-melt, water-based and reactive adhesives, construction adhesives, sealants, coatings and specialty formulations. H.B. Fuller serves manufacturers, contractors and other commercial customers that require bonding and sealing solutions for products, components and building materials.

Founded in 1887 by Harvey Benjamin Fuller, the company has grown from a regional adhesive producer into an international supplier serving customers across North America, Europe, Asia-Pacific and Latin America.