HB Fuller Co (NYSE:FUL) announced a quarterly dividend on Thursday, October 3rd, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.39%.
HB Fuller has increased its dividend payment by an average of 6.4% per year over the last three years and has raised its dividend annually for the last 49 consecutive years. HB Fuller has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. 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 during trading on Thursday, reaching $46.16. 395,630 shares of the stock traded hands, compared to its average volume of 379,194. The stock has a 50-day moving average of $44.53 and a two-hundred day moving average of $46.10. HB Fuller has a 52-week low of $39.22 and a 52-week high of $51.97. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.40 and a current ratio of 2.14. The stock has a market cap of $2.37 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 1.51 and a beta of 1.57.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of HB Fuller from a “hold” rating to a “strong sell” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of HB Fuller from $51.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, June 28th. Citigroup cut shares of HB Fuller from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $48.00 to $41.00 in a report on Friday, September 27th. Buckingham Research set a $60.00 target price on shares of HB Fuller and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Deutsche Bank set a $50.00 target price on shares of HB Fuller and gave the stock a “hold” rating in a report on Friday, September 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $51.80.
In related news, VP Paula M. Cooney sold 3,647 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $46.47, for a total value of $169,476.09. Following the sale, the vice president now owns 14,057 shares in the company, valued at $653,228.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy J. Keenan sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $48.82, for a total transaction of $366,150.00. Following the completion of the sale, the vice president now owns 27,742 shares in the company, valued at approximately $1,354,364.44. The disclosure for this sale can be found here. Company insiders own 3.46% of the company’s stock.
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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