OLD Mutual Customised Solutions Proprietary Ltd. Has $317,000 Holdings in Fortune Brands Home & Security Inc (FBHS)

OLD Mutual Customised Solutions Proprietary Ltd. lowered its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 25.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,900 shares of the industrial products company’s stock after selling 2,000 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Fortune Brands Home & Security were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Fortune Brands Home & Security by 9.8% during the first quarter. BlackRock Inc. now owns 13,973,812 shares of the industrial products company’s stock worth $822,920,000 after purchasing an additional 1,248,241 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Fortune Brands Home & Security by 6.3% during the first quarter. JPMorgan Chase & Co. now owns 7,347,930 shares of the industrial products company’s stock worth $432,719,000 after purchasing an additional 433,386 shares in the last quarter. Standard Life Aberdeen plc increased its position in shares of Fortune Brands Home & Security by 5.8% during the second quarter. Standard Life Aberdeen plc now owns 2,894,980 shares of the industrial products company’s stock worth $155,445,000 after purchasing an additional 158,026 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Fortune Brands Home & Security by 21.6% during the first quarter. Schroder Investment Management Group now owns 1,695,850 shares of the industrial products company’s stock worth $99,869,000 after purchasing an additional 300,877 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its position in shares of Fortune Brands Home & Security by 35.0% during the first quarter. Epoch Investment Partners Inc. now owns 1,635,283 shares of the industrial products company’s stock worth $96,302,000 after purchasing an additional 424,121 shares in the last quarter. Institutional investors own 85.61% of the company’s stock.

Several research firms recently issued reports on FBHS. Macquarie cut their target price on Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating on the stock in a research report on Thursday, September 6th. ValuEngine downgraded Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. Bank of America downgraded Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and cut their target price for the company from $64.00 to $61.00 in a research report on Friday, August 10th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $68.57.

NYSE FBHS opened at $55.26 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.96 and a current ratio of 1.47. Fortune Brands Home & Security Inc has a 1 year low of $52.52 and a 1 year high of $73.62. The firm has a market capitalization of $7.90 billion, a P/E ratio of 17.94, a PEG ratio of 1.20 and a beta of 1.26.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Thursday, July 26th. The industrial products company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.02). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. Fortune Brands Home & Security had a return on equity of 20.07% and a net margin of 8.53%. Fortune Brands Home & Security’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. analysts expect that Fortune Brands Home & Security Inc will post 3.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Friday, August 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.45%. The ex-dividend date is Thursday, August 30th. Fortune Brands Home & Security’s dividend payout ratio is currently 25.97%.

Fortune Brands Home & Security Profile

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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

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