Fortune Brands Home & Security Inc (FBHS) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP trimmed its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 38.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,837 shares of the industrial products company’s stock after selling 5,465 shares during the quarter. Bridgewater Associates LP’s holdings in Fortune Brands Home & Security were worth $463,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its holdings in shares of Fortune Brands Home & Security by 17.1% in the second quarter. Riverhead Capital Management LLC now owns 6,322 shares of the industrial products company’s stock valued at $339,000 after acquiring an additional 923 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Fortune Brands Home & Security by 10.8% in the second quarter. D.A. Davidson & CO. now owns 10,518 shares of the industrial products company’s stock valued at $565,000 after acquiring an additional 1,024 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Fortune Brands Home & Security by 10.2% in the third quarter. Meeder Asset Management Inc. now owns 13,342 shares of the industrial products company’s stock valued at $698,000 after acquiring an additional 1,239 shares in the last quarter. Peloton Wealth Strategists raised its holdings in shares of Fortune Brands Home & Security by 6.3% in the second quarter. Peloton Wealth Strategists now owns 21,825 shares of the industrial products company’s stock valued at $1,172,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Fortune Brands Home & Security by 11.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,419 shares of the industrial products company’s stock valued at $667,000 after acquiring an additional 1,321 shares in the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

In other news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $51.31, for a total transaction of $256,550.00. Following the sale, the director now owns 14,142 shares in the company, valued at $725,626.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.71% of the stock is currently owned by insiders.

A number of equities analysts have commented on FBHS shares. ValuEngine downgraded shares of Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 4th. Loop Capital reduced their target price on shares of Fortune Brands Home & Security to $59.00 and set a “buy” rating for the company in a report on Thursday, October 25th. Bank of America downgraded shares of Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $64.00 to $61.00 in a report on Friday, August 10th. They noted that the move was a valuation call. Goldman Sachs Group started coverage on shares of Fortune Brands Home & Security in a report on Tuesday, October 2nd. They issued a “neutral” rating and a $64.00 target price for the company. Finally, Longbow Research downgraded shares of Fortune Brands Home & Security from a “buy” rating to a “neutral” rating in a report on Friday, October 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $61.58.

Shares of Fortune Brands Home & Security stock opened at $42.23 on Thursday. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.15 and a beta of 1.31. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.89. Fortune Brands Home & Security Inc has a one year low of $40.89 and a one year high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.12). Fortune Brands Home & Security had a return on equity of 20.95% and a net margin of 7.94%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.44 billion. On average, sell-side analysts anticipate that Fortune Brands Home & Security Inc will post 3.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.89%. Fortune Brands Home & Security’s payout ratio is 25.97%.

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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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