H. B. Fuller Company (FUL) Declares $0.15 Quarterly Dividend
H. B. Fuller Company (NYSE:FUL) declared a quarterly dividend on Thursday, October 5th, RTT News reports. Shareholders of record on Thursday, October 19th will be paid a dividend of 0.15 per share by the specialty chemicals company on Thursday, November 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.05%.
H. B. Fuller has increased its dividend payment by an average of 12.6% annually over the last three years and has increased its dividend annually for the last 47 consecutive years.
Shares of H. B. Fuller (NYSE FUL) traded down 0.77% during mid-day trading on Thursday, hitting $56.71. The company had a trading volume of 293,343 shares. The firm has a 50-day moving average price of $53.70 and a 200 day moving average price of $52.08. The firm has a market capitalization of $2.87 billion, a P/E ratio of 25.92 and a beta of 1.72. H. B. Fuller has a 12 month low of $41.52 and a 12 month high of $58.74.
H. B. Fuller (NYSE:FUL) last released its earnings results on Wednesday, September 27th. The specialty chemicals company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). H. B. Fuller had a net margin of 4.76% and a return on equity of 13.08%. The company had revenue of $562.87 million during the quarter, compared to the consensus estimate of $553.66 million. On average, equities research analysts forecast that H. B. Fuller will post $2.59 earnings per share for the current fiscal year.
In other news, VP Dietrich J. Crail purchased 970 shares of H. B. Fuller stock in a transaction dated Wednesday, July 12th. The shares were bought at an average cost of $51.41 per share, with a total value of $49,867.70. Following the completion of the transaction, the vice president now directly owns 970 shares in the company, valued at approximately $49,867.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Traci L. Jensen sold 5,397 shares of H. B. Fuller stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $58.40, for a total transaction of $315,184.80. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
A number of brokerages have commented on FUL. Zacks Investment Research raised shares of H. B. Fuller from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. BidaskClub lowered shares of H. B. Fuller from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Robert W. Baird initiated coverage on shares of H. B. Fuller in a report on Thursday, September 14th. They set a “neutral” rating and a $60.00 price objective for the company. Finally, Deutsche Bank AG raised their price objective on shares of H. B. Fuller from $56.00 to $58.00 and gave the stock a “hold” rating in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $57.40.
About H. B. Fuller
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company’s segments include Americas Adhesives, Europe, India, Middle East and Africa (EIMEA), Asia Pacific, Construction Products and Engineering Adhesives. The Americas Adhesives, EIMEA and Asia Pacific operating segments produce and supply industrial adhesives products for applications in various markets, including durable assembly, nonwoven and hygiene, and textile.
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