PNC Financial Services Group Inc. Acquires 12,582 Shares of HB Fuller Co (NYSE:FUL)

PNC Financial Services Group Inc. increased its holdings in shares of HB Fuller Co (NYSE:FUL) by 62.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,830 shares of the specialty chemicals company’s stock after […]

PNC Financial Services Group Inc. increased its holdings in shares of HB Fuller Co (NYSE:FUL) by 62.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,830 shares of the specialty chemicals company’s stock after purchasing an additional 12,582 shares during the quarter. PNC Financial Services Group Inc. owned 0.06% of HB Fuller worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mutual of America Capital Management LLC lifted its stake in HB Fuller by 12.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 2,491 shares of the specialty chemicals company’s stock valued at $111,000 after acquiring an additional 280 shares during the period. Glenmede Trust Co. NA raised its holdings in shares of HB Fuller by 104.8% during the second quarter. Glenmede Trust Co. NA now owns 856 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 438 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its position in HB Fuller by 46.2% during the first quarter. Stonebridge Capital Advisors LLC now owns 1,900 shares of the specialty chemicals company’s stock valued at $53,000 after purchasing an additional 600 shares during the period. New York State Teachers Retirement System grew its position in HB Fuller by 0.5% in the 2nd quarter. New York State Teachers Retirement System now owns 126,490 shares of the specialty chemicals company’s stock worth $5,641,000 after purchasing an additional 680 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in HB Fuller by 15.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,268 shares of the specialty chemicals company’s stock valued at $235,000 after buying an additional 690 shares during the last quarter. Institutional investors own 96.92% of the company’s stock.

Shares of FUL stock opened at $45.44 on Friday. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.49 and a beta of 1.79. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.05 and a quick ratio of 1.26. The company’s fifty day moving average price is $49.04 and its 200-day moving average price is $40.16. HB Fuller Co has a one year low of $23.68 and a one year high of $52.40.

HB Fuller (NYSE:FUL) last released its quarterly earnings data on Wednesday, September 23rd. The specialty chemicals company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. HB Fuller had a return on equity of 11.86% and a net margin of 4.43%. The firm had revenue of $691.46 million during the quarter, compared to analyst estimates of $674.28 million. During the same quarter in the prior year, the company posted $0.86 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities research analysts expect that HB Fuller Co will post 2.6 earnings per share for the current fiscal year.

In other HB Fuller news, VP Timothy J. Keenan sold 7,000 shares of HB Fuller stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $45.31, for a total value of $317,170.00. Following the sale, the vice president now directly owns 29,472 shares in the company, valued at approximately $1,335,376.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James Owens sold 5,000 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the completion of the sale, the chief executive officer now owns 256,812 shares in the company, valued at approximately $11,371,635.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,041 shares of company stock worth $809,569. Company insiders own 4.18% of the company’s stock.

FUL has been the subject of several research analyst reports. Citigroup lifted their price objective on HB Fuller from $30.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, June 29th. Zacks Investment Research raised shares of HB Fuller from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Tuesday, August 25th. TheStreet raised shares of HB Fuller from a “c+” rating to a “b” rating in a report on Wednesday, August 5th. Robert W. Baird upped their target price on shares of HB Fuller from $35.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $54.00 price target on shares of HB Fuller in a research note on Friday, June 26th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $48.43.

About HB Fuller

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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Institutional Ownership by Quarter for HB Fuller (NYSE:FUL)

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