H. B. Fuller Company (FUL) To Go Ex-Dividend on October 15th

H. B. Fuller Company (NYSE:FUL) declared a quarterly dividend on Thursday, October 1st. Stockholders 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 dividend yield of 1.9%. The ex-dividend date is Thursday, October 15th.

H. B. Fuller has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 57 years. H. B. Fuller has a dividend 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 Price Performance

FUL stock opened at $50.28 on Friday. The stock has a market capitalization of $2.71 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.62 and a beta of 0.99. The company’s 50-day moving average is $55.13 and its 200-day moving average is $58.13. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.82 and a quick ratio of 1.10. H. B. Fuller has a 1 year low of $46.70 and a 1 year high of $68.63.

H. B. Fuller (NYSE:FUL) last issued its earnings results on Thursday, September 24th. The specialty chemicals company reported $1.52 EPS for the quarter, beating 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 company had revenue of $938.17 million during the quarter, compared to the consensus estimate of $945.59 million. During the same period last year, the business posted $1.26 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts expect that H. B. Fuller will post 4.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Charles T. Lauber bought 2,005 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was acquired at an average cost of $49.87 per share, with a total value of $99,989.35. Following the completion of the transaction, the director directly owned 3,356 shares of the company’s stock, valued at $167,363.72. This represents a 148.41% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Nathan D. Weaver sold 9,561 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $62.06, for a total value of $593,355.66. Following the completion of the sale, the vice president owned 11,739 shares in the company, valued at approximately $728,522.34. The trade was a 44.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have bought 12,582 shares of company stock valued at $621,322 in the last quarter. 1.83% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On H. B. Fuller

Large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in H. B. Fuller during the second quarter worth about $86,000. Bank of New York Mellon Corp bought a new position in H. B. Fuller in the 2nd quarter worth approximately $29,611,000. S&CO Inc. purchased a new position in H. B. Fuller in the 2nd quarter valued at approximately $14,093,000. Parallel Advisors LLC grew its stake in H. B. Fuller by 85.6% in the 1st quarter. Parallel Advisors LLC now owns 1,034 shares of the specialty chemicals company’s stock valued at $64,000 after buying an additional 477 shares in the last quarter. Finally, Glenmede Trust Co. NA bought a new stake in H. B. Fuller during the 1st quarter valued at $240,000. 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.