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

H.B. Fuller (NYSE:FUL) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Stockholders 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 dividend yield of 1.43%.

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 dividend payout ratio of 19.2% indicating that 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 Stock Performance

NYSE:FUL opened at $62.32 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 1.10. H.B. Fuller has a fifty-two week low of $60.96 and a fifty-two week high of $87.67. The stock has a market cap of $3.40 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.18 and a beta of 1.43. The firm’s fifty day simple moving average is $69.69 and its 200-day simple moving average is $76.40.

H.B. Fuller (NYSE:FUL) last posted its quarterly earnings results on Wednesday, January 15th. The specialty chemicals company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $916.84 million. During the same period last year, the company earned $1.32 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts expect that H.B. Fuller will post 4.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on FUL shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of H.B. Fuller from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Wednesday. Vertical Research lowered shares of H.B. Fuller from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Citigroup decreased their price objective on shares of 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. Finally, JPMorgan Chase & Co. decreased 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 report on Friday, January 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, H.B. Fuller 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.