Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 6,174 Shares of Fortune Brands Home & Security Inc (NYSE:FBHS)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 15.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,659 shares of the industrial products company’s stock after selling 6,174 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Fortune Brands Home & Security were worth $2,330,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sentry Investment Management LLC lifted its stake in shares of Fortune Brands Home & Security by 1.2% in the second quarter. Sentry Investment Management LLC now owns 10,287 shares of the industrial products company’s stock worth $671,000 after buying an additional 122 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Fortune Brands Home & Security by 20.2% in the second quarter. Eagle Asset Management Inc. now owns 462,498 shares of the industrial products company’s stock worth $30,173,000 after buying an additional 77,800 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of Fortune Brands Home & Security by 26.1% in the second quarter. Toronto Dominion Bank now owns 52,123 shares of the industrial products company’s stock worth $3,400,000 after buying an additional 10,799 shares in the last quarter. Greenwood Capital Associates LLC raised its holdings in shares of Fortune Brands Home & Security by 3.8% during the second quarter. Greenwood Capital Associates LLC now owns 8,918 shares of the industrial products company’s stock valued at $582,000 after purchasing an additional 330 shares during the last quarter. Finally, Douglas Lane & Associates LLC raised its holdings in shares of Fortune Brands Home & Security by 3.1% during the third quarter. Douglas Lane & Associates LLC now owns 675,602 shares of the industrial products company’s stock valued at $45,421,000 after purchasing an additional 20,460 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have commented on FBHS. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Monday, October 30th. BidaskClub raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Robert W. Baird reissued a “buy” rating and issued a $72.00 price objective on shares of Fortune Brands Home & Security in a research note on Tuesday, October 24th. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 price objective on shares of Fortune Brands Home & Security in a research note on Monday, September 25th. Finally, J P Morgan Chase & Co upped their target price on shares of Fortune Brands Home & Security from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $69.86.

Fortune Brands Home & Security Inc (NYSE FBHS) traded up $0.48 during mid-day trading on Thursday, reaching $68.24. 508,942 shares of the company traded hands, compared to its average volume of 1,050,465. The stock has a market cap of $10,395.32, a P/E ratio of 22.90, a PEG ratio of 2.14 and a beta of 1.42. Fortune Brands Home & Security Inc has a 52 week low of $53.15 and a 52 week high of $69.61. The company has a quick ratio of 1.17, a current ratio of 1.87 and a debt-to-equity ratio of 0.57.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 24th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Wednesday, November 22nd. Fortune Brands Home & Security’s dividend payout ratio is currently 24.83%.

In other news, insider E Lee Wyatt sold 33,400 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $65.01, for a total value of $2,171,334.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher J. Klein sold 85,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $67.13, for a total transaction of $5,706,050.00. The disclosure for this sale can be found here. Insiders sold a total of 121,000 shares of company stock worth $8,046,670 over the last 90 days. Company insiders own 1.61% of the company’s stock.

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Fortune Brands Home & Security Company Profile

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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