Sompo Japan Nipponkoa Asset Management CO. LTD. Trims Stock Position in Fortune Brands Home & Security Inc (NYSE:FBHS)

Sompo Japan Nipponkoa Asset Management CO. LTD. lessened its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 65.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,150 shares of the industrial products company’s stock after selling 21,550 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Fortune Brands Home & Security were worth $637,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Fortune Brands Home & Security by 2.9% in the 1st quarter. JPMorgan Chase & Co. now owns 7,800,992 shares of the industrial products company’s stock valued at $371,405,000 after acquiring an additional 217,358 shares during the period. FMR LLC increased its holdings in shares of Fortune Brands Home & Security by 3.8% in the 1st quarter. FMR LLC now owns 3,117,381 shares of the industrial products company’s stock valued at $148,419,000 after acquiring an additional 114,490 shares during the period. Pictet Asset Management Ltd. increased its holdings in shares of Fortune Brands Home & Security by 1.1% in the 1st quarter. Pictet Asset Management Ltd. now owns 2,570,569 shares of the industrial products company’s stock valued at $122,385,000 after acquiring an additional 28,919 shares during the period. Geode Capital Management LLC increased its holdings in shares of Fortune Brands Home & Security by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 1,920,463 shares of the industrial products company’s stock valued at $72,834,000 after acquiring an additional 131,460 shares during the period. Finally, Eagle Asset Management Inc. increased its holdings in shares of Fortune Brands Home & Security by 33.0% in the 1st quarter. Eagle Asset Management Inc. now owns 1,775,072 shares of the industrial products company’s stock valued at $84,511,000 after acquiring an additional 440,020 shares during the period. Institutional investors and hedge funds own 87.38% of the company’s stock.

FBHS traded up $0.79 during trading on Friday, hitting $50.52. The stock had a trading volume of 771,600 shares, compared to its average volume of 1,551,812. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.69 and a current ratio of 1.13. The firm has a market capitalization of $6.98 billion, a P/E ratio of 15.13, a PEG ratio of 1.52 and a beta of 1.54. The company’s 50-day moving average price is $54.32 and its 200 day moving average price is $50.89. 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 announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.03. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Fortune Brands Home & Security had a net margin of 7.22% and a return on equity of 21.81%. Fortune Brands Home & Security’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 EPS. As a group, equities analysts expect that Fortune Brands Home & Security Inc will post 3.6 earnings per share for the current fiscal year.

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

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

A number of equities analysts have recently commented on the stock. TheStreet raised shares of Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a report on Friday, June 28th. Zacks Investment Research cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 target price on the stock. in a report on Monday, August 5th. Bank of America raised shares of 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 report on Monday, May 6th. Royal Bank of Canada lifted their target price on shares of Fortune Brands Home & Security to $56.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, ValuEngine raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Fortune Brands Home & Security presently has an average rating of “Hold” and a consensus target price of $54.30.

About Fortune Brands Home & Security

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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