Fortune Brands Home & Security Inc (NYSE:FBHS) Shares Sold by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB reduced its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 9.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 18,127 shares of the industrial products company’s stock after selling 1,811 shares during the period. Xact Kapitalforvaltning AB’s holdings in Fortune Brands Home & Security were worth $863,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of Hawaii raised its position in shares of Fortune Brands Home & Security by 8.5% during the 1st quarter. Bank of Hawaii now owns 5,967 shares of the industrial products company’s stock valued at $284,000 after acquiring an additional 466 shares in the last quarter. NumerixS Investment Technologies Inc raised its position in shares of Fortune Brands Home & Security by 153.5% during the 1st quarter. NumerixS Investment Technologies Inc now owns 5,200 shares of the industrial products company’s stock valued at $244,000 after acquiring an additional 3,149 shares in the last quarter. Swiss National Bank raised its position in shares of Fortune Brands Home & Security by 1.5% during the 1st quarter. Swiss National Bank now owns 472,900 shares of the industrial products company’s stock valued at $22,515,000 after acquiring an additional 7,100 shares in the last quarter. Norinchukin Bank The raised its position in shares of Fortune Brands Home & Security by 3.0% during the 1st quarter. Norinchukin Bank The now owns 26,683 shares of the industrial products company’s stock valued at $1,270,000 after acquiring an additional 781 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Fortune Brands Home & Security by 6.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,920 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 251 shares in the last quarter. Institutional investors own 87.13% of the company’s stock.

Several equities research analysts recently issued reports on FBHS shares. Zacks Investment Research raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Monday, April 29th. Bank of America raised Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and increased their target price for the stock from $55.00 to $64.00 in a research report on Monday, May 6th. ValuEngine raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. SunTrust Banks increased their target price on Fortune Brands Home & Security to $50.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Finally, Royal Bank of Canada increased their target price on Fortune Brands Home & Security to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Fortune Brands Home & Security currently has a consensus rating of “Hold” and an average price target of $54.20.

NYSE FBHS traded down $0.05 during trading hours on Wednesday, hitting $52.21. The company had a trading volume of 46,545 shares, compared to its average volume of 1,571,548. Fortune Brands Home & Security Inc has a fifty-two week low of $35.27 and a fifty-two week high of $58.21. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.49 and a quick ratio of 0.90. The firm has a market capitalization of $7.27 billion, a PE ratio of 15.63, a P/E/G ratio of 1.54 and a beta of 1.47.

Fortune Brands Home & Security (NYSE:FBHS) last issued its earnings results on Wednesday, April 24th. The industrial products company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Fortune Brands Home & Security had a return on equity of 22.33% and a net margin of 7.18%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts expect that Fortune Brands Home & Security Inc will post 3.66 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Thursday, May 30th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.35%.

In other news, SVP Brian C. Lantz sold 2,192 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $52.55, for a total transaction of $115,189.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David Randich sold 20,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $53.00, for a total value of $1,060,000.00. The disclosure for this sale can be found here. Insiders have sold 25,247 shares of company stock worth $1,338,571 over the last three months. Corporate insiders own 1.63% 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 three segments: Cabinets, Plumbing, and Doors & 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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