NEW YORK ( TheStreet) -- The following stocks go ex-dividend Tuesday, meaning an investor must purchase the shares Monday to qualify for the next dividend payment: H.B. Fuller ( FUL), Sensient Technologies ( SXT) and Wintrust Financial ( WTFC). The three stocks received buy ratings from TheStreet Ratings.
H.B. Fuller The chemical manufacturer reported last month fourth-quarter earnings of $26.4 million, or 53 cents a share, an increase from $21.9 million, or 44 cents a share, in the fourth quarter of 2010. H.B. Fuller also announced that it would acquire Forbo's industrial adhesive business in December. Of the acquisition, Deutsche Bank analysts wrote in a Jan. 20 report that, "Our analysis shows Forbo to be highly accretive, adding $0.30-$0.40 in Year 2 (~'13), and most importantly, creating value (ROIC > WACC} in Year 3 (ROIC: 11.1%; WACC: 10%). However, with demand in core N. American and European markets tepid, housing/construction demand unlikely to recover meaningfully in '12 and Fuller's '12 guidance based on EUR/USD of $1.38 (vs 1.29 today, implying $0.04 downside to guidance), we see limited ability for Fuller to exceed its guidance in '12." Forward Annual Dividend Yield: 1% Rated "A+ (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin was basically the same from a year ago. TheStreet Ratings' price target is $32.80. The stock closed Friday at $29.97.
Wintrust Financial The bank reported last month fourth-quarter earnings of $19.2 million, or 41 cents a share, a swing from a year-earlier loss of 6 cents a 6 cents a share after the payment of higher preferred dividends. "Beyond a general rise in the sector, WTFC's valuation will have a hard time moving higher until a material lift in ROA seems sustainable, in our judgment," Sterne Agee analysts wrote in a Jan. 23 report. "Income oriented investors may want to consider WTFC's tangible equity units, which are trading for a slight discount to the conversion and boast a current yield of ~7.5%." Forward Annual Dividend Yield: 0.6% Rated "B- (Buy)" by TheStreet Ratings: The company's fourth-uarter gross profit margin increased from the prior year. In the fourth quarter, stockholders' net worth increased 7.44% from the previous year. TheStreet Ratings' price target is $35.78. The stock closed Friday at $31.95.