Nuance Investments Lowers stake in HB Fuller Co (FUL)

HB Fuller Co (FUL) : Nuance Investments reduced its stake in HB Fuller Co by 50.49% during the most recent quarter end. The investment management company now holds a total of 709,664 shares of HB Fuller Co which is valued at $32,722,607 after selling 723,801 shares in HB Fuller Co , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.HB Fuller Co makes up approximately 3.39% of Nuance Investments’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp boosted its stake in FUL in the latest quarter, The investment management firm added 8,160 additional shares and now holds a total of 12,587 shares of HB Fuller Co which is valued at $580,387. HB Fuller Co makes up approx 0.06% of Quantbot Technologies Lp’s portfolio.New Amsterdam Partnersny boosted its stake in FUL in the latest quarter, The investment management firm added 71,012 additional shares and now holds a total of 134,840 shares of HB Fuller Co which is valued at $6,217,472. HB Fuller Co makes up approx 1.44% of New Amsterdam Partnersny’s portfolio.Ngam Advisors boosted its stake in FUL in the latest quarter, The investment management firm added 2,505 additional shares and now holds a total of 19,776 shares of HB Fuller Co which is valued at $911,871. HB Fuller Co makes up approx 0.01% of Ngam Advisors’s portfolio.Msi Financial Services Inc reduced its stake in FUL by selling 30 shares or 68.18% in the most recent quarter. The Hedge Fund company now holds 14 shares of FUL which is valued at $648.Creative Planning boosted its stake in FUL in the latest quarter, The investment management firm added 680 additional shares and now holds a total of 1,444 shares of HB Fuller Co which is valued at $66,251.

HB Fuller Co opened for trading at $46.83 and hit $47.05 on the upside on Monday, eventually ending the session at $46.77, with a gain of 0.13% or 0.06 points. The heightened volatility saw the trading volume jump to 1,39,627 shares. Company has a market cap of $2,355 M.

On the company’s financial health, HB Fuller Co reported $0.67 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jun 22, 2016. Analyst had a consensus of $0.68. The company had revenue of $532.50 million for the quarter, compared to analysts expectations of $538.48 million. The company’s revenue was down -1.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 EPS.

H.B. Fuller Company is formulator manufacturer and marketer of adhesives sealants and other specialty chemical products. The Company’s core product offering is Industrial adhesives which are used in manufacturing common consumer and industrial goods including food and beverage containers disposable diapers windows doors flooring appliances sportswear footwear multi-wall bags water filtration products insulation textiles and electronics. The Company has a range of product offerings for residential construction markets such as tile-setting adhesives grout sealants and related products. The Company operates in four segments: Americas Adhesives EIMEA (Europe India Middle East and Africa) Asia Pacific and Construction Products. It has sales operations in over 40 countries in North America Europe Latin America the Asia Pacific region India the Middle East and Africa.

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