Dimensional Fund Advisors LP Buys 6,128 Shares of Fortune Brands Home & Security Inc (NYSE:FBHS)

Dimensional Fund Advisors LP lifted its stake in Fortune Brands Home & Security Inc (NYSE:FBHS) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 804,122 shares of the industrial products company’s stock after purchasing an additional 6,128 shares during the period. Dimensional Fund Advisors LP owned about 0.53% of Fortune Brands Home & Security worth $54,061,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FBHS. Sentry Investment Management LLC lifted its holdings in Fortune Brands Home & Security by 1.2% during the 2nd 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 during the last quarter. Toronto Dominion Bank lifted its holdings in Fortune Brands Home & Security by 26.1% during the 2nd 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 during the last quarter. Douglas Lane & Associates LLC lifted its holdings in Fortune Brands Home & Security by 3.1% during the 3rd quarter. Douglas Lane & Associates LLC now owns 675,602 shares of the industrial products company’s stock worth $45,421,000 after buying an additional 20,460 shares during the last quarter. Andra AP fonden lifted its holdings in Fortune Brands Home & Security by 25.2% during the 2nd quarter. Andra AP fonden now owns 15,400 shares of the industrial products company’s stock worth $1,005,000 after buying an additional 3,100 shares during the last quarter. Finally, NorthCoast Asset Management LLC purchased a new stake in Fortune Brands Home & Security during the 2nd quarter worth about $738,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

A number of analysts have issued reports on FBHS shares. Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Citigroup lifted their price target on Fortune Brands Home & Security from $68.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating and set a $75.00 price target on shares of Fortune Brands Home & Security in a report on Monday, September 25th. JPMorgan Chase & Co. lifted their target price on 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. Finally, Credit Suisse Group boosted their price target on Fortune Brands Home & Security from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Fortune Brands Home & Security presently has a consensus rating of “Hold” and an average target price of $71.17.

Fortune Brands Home & Security Inc (NYSE:FBHS) opened at $69.08 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.87 and a quick ratio of 1.17. Fortune Brands Home & Security Inc has a 52-week low of $53.15 and a 52-week high of $71.73. The stock has a market capitalization of $10,670.00, a PE ratio of 23.90, a P/E/G ratio of 2.01 and a beta of 1.41.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.20 per share. This is a boost from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, February 22nd. This represents a $0.80 annualized dividend and a yield of 1.16%. Fortune Brands Home & Security’s payout ratio is presently 24.91%.

Fortune Brands Home & Security announced that its Board of Directors has approved a stock buyback program on Monday, December 11th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $71.50, for a total transaction of $357,500.00. Following the sale, the director now owns 21,674 shares of the company’s stock, valued at approximately $1,549,691. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher J. Klein sold 85,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $67.13, for a total value of $5,706,050.00. The disclosure for this sale can be found here. 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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