Robecosam AG Has $30.29 Million Position in Fortune Brands Home & Security Inc (NYSE:FBHS)

Robecosam AG reduced its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 12.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 541,200 shares of the industrial products company’s stock after selling 74,855 shares during the quarter. Fortune Brands Home & Security accounts for about 1.3% of Robecosam AG’s investment portfolio, making the stock its 22nd biggest holding. Robecosam AG’s holdings in Fortune Brands Home & Security were worth $30,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of FBHS. JPMorgan Chase & Co. boosted its position in Fortune Brands Home & Security by 2.9% during the first quarter. JPMorgan Chase & Co. now owns 7,800,992 shares of the industrial products company’s stock valued at $371,405,000 after purchasing an additional 217,358 shares during the last quarter. FMR LLC lifted its position in shares of Fortune Brands Home & Security by 3.8% in the first quarter. FMR LLC now owns 3,117,381 shares of the industrial products company’s stock valued at $148,419,000 after buying an additional 114,490 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in shares of Fortune Brands Home & Security by 1.1% in the first quarter. Pictet Asset Management Ltd. now owns 2,570,569 shares of the industrial products company’s stock valued at $122,385,000 after buying an additional 28,919 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Fortune Brands Home & Security by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 1,920,463 shares of the industrial products company’s stock valued at $72,834,000 after buying an additional 131,460 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Fortune Brands Home & Security by 33.0% in the first quarter. Eagle Asset Management Inc. now owns 1,775,072 shares of the industrial products company’s stock valued at $84,511,000 after buying an additional 440,020 shares during the last quarter. 87.38% of the stock is owned by institutional investors.

In other news, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $56.74, for a total transaction of $283,700.00. Following the transaction, the director now owns 11,589 shares in the company, valued at $657,559.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director A D. David Mackay sold 10,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $50.40, for a total value of $504,000.00. Following the transaction, the director now owns 11,532 shares in the company, valued at approximately $581,212.80. The disclosure for this sale can be found here. 1.63% of the stock is currently owned by company insiders.

Shares of NYSE FBHS traded up $0.82 during trading hours on Tuesday, reaching $51.72. 33,683 shares of the stock were exchanged, compared to its average volume of 1,506,759. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 1.58 and a beta of 1.54. The company has a quick ratio of 0.69, a current ratio of 1.13 and a debt-to-equity ratio of 0.77. Fortune Brands Home & Security Inc has a 52 week low of $35.27 and a 52 week high of $58.15. The company’s fifty day simple moving average is $54.72.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Thursday, August 1st. The industrial products company reported $1.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.03. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.53 billion. Fortune Brands Home & Security had a return on equity of 21.81% and a net margin of 7.22%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 earnings per share. On average, research analysts predict that Fortune Brands Home & Security Inc will post 3.6 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.70%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 26.35%.

A number of analysts have recently issued reports on the company. ValuEngine raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Loop Capital cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price objective for the company. in a research report on Tuesday, July 2nd. Bank of America raised Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $64.00 in a research report on Monday, May 6th. Royal Bank of Canada raised their price objective on Fortune Brands Home & Security to $56.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, Zacks Investment Research cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 price objective for the company. in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Fortune Brands Home & Security currently has an average rating of “Hold” and an average target price of $54.30.

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 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.

See Also: Fundamental Analysis

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

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