Lord Abbett & CO. LLC Buys Shares of 183,353 Fortune Brands Home & Security, Inc. (FBHS)

Lord Abbett & CO. LLC bought a new position in Fortune Brands Home & Security, Inc. (NYSE:FBHS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 183,353 shares of the industrial products company’s stock, valued at approximately $11,962,000. Lord Abbett & CO. LLC owned about 0.12% of Fortune Brands Home & Security as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Fortune Brands Home & Security by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 15,160,589 shares of the industrial products company’s stock valued at $989,078,000 after acquiring an additional 460,317 shares during the period. BlackRock Inc. boosted its stake in Fortune Brands Home & Security by 3.3% in the 2nd quarter. BlackRock Inc. now owns 12,998,091 shares of the industrial products company’s stock worth $847,995,000 after purchasing an additional 417,624 shares during the period. JPMorgan Chase & Co. boosted its stake in Fortune Brands Home & Security by 2.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,678,714 shares of the industrial products company’s stock worth $500,961,000 after purchasing an additional 194,325 shares during the period. Pictet Asset Management Ltd. boosted its position in shares of Fortune Brands Home & Security by 25.9% during the 2nd quarter. Pictet Asset Management Ltd. now owns 2,500,219 shares of the industrial products company’s stock valued at $157,763,000 after acquiring an additional 514,041 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Fortune Brands Home & Security by 12.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,407,612 shares of the industrial products company’s stock valued at $91,833,000 after acquiring an additional 150,554 shares during the last quarter. 89.44% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the company. SunTrust Banks, Inc. reiterated a “hold” rating and set a $63.00 target price on shares of Fortune Brands Home & Security in a research report on Friday. Jefferies Group LLC restated a “buy” rating and set a $78.00 price target on shares of Fortune Brands Home & Security in a report on Thursday, October 12th. Credit Suisse Group increased their target price on Fortune Brands Home & Security from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. BidaskClub lowered Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $69.53.

Fortune Brands Home & Security, Inc. (NYSE FBHS) traded down $0.03 during trading hours on Friday, reaching $63.97. The company’s stock had a trading volume of 645,900 shares, compared to its average volume of 1,077,261. Fortune Brands Home & Security, Inc. has a 12 month low of $53.15 and a 12 month high of $68.82. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.87 and a quick ratio of 1.17. The stock has a market capitalization of $9,715.25, a P/E ratio of 21.41, a P/E/G ratio of 2.00 and a beta of 1.41.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. equities analysts expect that Fortune Brands Home & Security, Inc. will post 3.07 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.72 annualized dividend and a yield of 1.13%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 24.83%.

In related news, insider E Lee Wyatt sold 33,400 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $65.01, for a total value of $2,171,334.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Klein sold 60,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $62.78, for a total value of $3,766,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 181,000 shares of company stock worth $11,813,470. 1.61% of the stock is owned by company insiders.

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About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

Institutional Ownership by Quarter for Fortune Brands Home & Security (NYSE:FBHS)

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