Fortune Brands Home & Security Inc (NYSE:FBHS) Stock Holdings Trimmed by Grisanti Capital Management LLC

Grisanti Capital Management LLC reduced its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 25.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 82,778 shares of the industrial products company’s stock after selling 27,674 shares during the period. Fortune Brands Home & Security accounts for approximately 2.6% of Grisanti Capital Management LLC’s holdings, making the stock its 14th biggest holding. Grisanti Capital Management LLC’s holdings in Fortune Brands Home & Security were worth $4,729,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Gateway Investment Advisers LLC boosted its stake in Fortune Brands Home & Security by 2.7% in the second quarter. Gateway Investment Advisers LLC now owns 7,494 shares of the industrial products company’s stock valued at $428,000 after acquiring an additional 194 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Fortune Brands Home & Security by 0.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 24,722 shares of the industrial products company’s stock valued at $1,177,000 after acquiring an additional 196 shares during the period. Boston Private Wealth LLC boosted its stake in Fortune Brands Home & Security by 1.6% in the second quarter. Boston Private Wealth LLC now owns 12,241 shares of the industrial products company’s stock valued at $699,000 after acquiring an additional 196 shares during the period. Cornerstone Advisors Inc. boosted its stake in Fortune Brands Home & Security by 47.0% in the first quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 204 shares during the period. Finally, ETF Managers Group LLC boosted its stake in Fortune Brands Home & Security by 10.9% in the first quarter. ETF Managers Group LLC now owns 2,451 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 240 shares during the period. 87.38% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE FBHS traded up $0.79 during midday trading on Friday, hitting $50.52. 771,600 shares of the company’s stock were exchanged, compared to its average volume of 1,551,812. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.13 and a quick ratio of 0.69. The stock’s 50 day moving average price is $54.32 and its 200-day moving average price is $50.89. The firm has a market cap of $6.98 billion, a P/E ratio of 15.13, a PEG ratio of 1.52 and a beta of 1.54. Fortune Brands Home & Security Inc has a twelve month low of $35.27 and a twelve month high of $58.15.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.03. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.53 billion. Fortune Brands Home & Security had a return on equity of 21.81% and a net margin of 7.22%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 earnings per share. On average, analysts expect that Fortune Brands Home & Security Inc will post 3.6 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, August 30th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.74%. Fortune Brands Home & Security’s dividend payout ratio is presently 26.35%.

A number of equities analysts have commented on FBHS shares. Loop Capital downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 target price for the company. in a research note on Tuesday, July 2nd. Royal Bank of Canada lifted their target price on Fortune Brands Home & Security to $56.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Bank of America upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and lifted their target price for the company from $55.00 to $64.00 in a research note on Monday, May 6th. ValuEngine upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 target price for the company. in a research note 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 given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $54.30.

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

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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