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

H.B. Fuller (NYSE:FUL) announced a quarterly dividend on Thursday, January 23rd,RTT News reports. Shareholders of record on Thursday, February 6th will be given 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 yield of 1.44%. The ex-dividend date is Thursday, February 6th.

H.B. Fuller has increased its dividend payment by an average of 9.5% per year over the last three years. H.B. Fuller has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

NYSE:FUL opened at $61.62 on Tuesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.81 and a quick ratio of 1.16. H.B. Fuller has a 1 year low of $60.96 and a 1 year high of $87.67. The stock’s 50 day simple moving average is $67.95 and its two-hundred day simple moving average is $75.41. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 1.21 and a beta of 1.42.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FUL. Vertical Research cut H.B. Fuller from a “buy” rating to a “hold” rating in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on H.B. Fuller from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft reduced their price target on H.B. Fuller from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Citigroup reduced their target price on H.B. Fuller from $78.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.