Fortune Brands Home & Security Inc (FBHS) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lessened its stake in Fortune Brands Home & Security Inc (NYSE:FBHS) by 22.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,140 shares of the industrial products company’s stock after selling 2,687 shares during the quarter. Shell Asset Management Co.’s holdings in Fortune Brands Home & Security were worth $479,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FBHS. BlackRock Inc. lifted its holdings in shares of Fortune Brands Home & Security by 20.3% in the third quarter. BlackRock Inc. now owns 16,204,204 shares of the industrial products company’s stock worth $848,454,000 after buying an additional 2,733,216 shares in the last quarter. Glenmede Trust Co. NA raised its stake in Fortune Brands Home & Security by 4,953.2% during the second quarter. Glenmede Trust Co. NA now owns 1,018,622 shares of the industrial products company’s stock valued at $54,690,000 after purchasing an additional 998,464 shares in the last quarter. Schroder Investment Management Group raised its stake in Fortune Brands Home & Security by 35.7% during the second quarter. Schroder Investment Management Group now owns 2,301,593 shares of the industrial products company’s stock valued at $122,882,000 after purchasing an additional 605,743 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Fortune Brands Home & Security by 85.2% during the third quarter. Eagle Asset Management Inc. now owns 1,265,542 shares of the industrial products company’s stock valued at $66,263,000 after purchasing an additional 582,227 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Fortune Brands Home & Security by 7,185.5% during the second quarter. Canada Pension Plan Investment Board now owns 544,152 shares of the industrial products company’s stock valued at $29,216,000 after purchasing an additional 536,683 shares in the last quarter. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

FBHS stock opened at $42.59 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Fortune Brands Home & Security Inc has a twelve month low of $40.89 and a twelve month high of $73.62. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 1.16 and a beta of 1.31.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data 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 net margin of 7.94% and a return on equity of 20.95%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.44 billion. As a group, analysts anticipate that Fortune Brands Home & Security Inc will post 3.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, November 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Thursday, November 29th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 25.97%.

A number of equities research analysts recently issued reports on the stock. Bank of America downgraded shares of Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $64.00 to $61.00 in a research note on Friday, August 10th. They noted that the move was a valuation call. Macquarie decreased their price target on shares of Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, September 6th. ValuEngine downgraded shares of Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th. Goldman Sachs Group assumed coverage on shares of Fortune Brands Home & Security in a research note on Tuesday, October 2nd. They set a “neutral” rating and a $64.00 price target on the stock. Finally, Longbow Research downgraded shares of Fortune Brands Home & Security from a “buy” rating to a “neutral” rating in a research note on Friday, October 12th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $61.58.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $51.31, for a total transaction of $256,550.00. Following the transaction, the director now owns 14,142 shares in the company, valued at $725,626.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.71% of the company’s stock.

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Fortune Brands Home & Security Company 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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