First Quadrant L P CA Purchases New Position in Fortune Brands Home & Security Inc (NYSE:FBHS)

First Quadrant L P CA purchased a new stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,052 shares of the industrial products company’s stock, valued at approximately $323,000.

Other institutional investors have also recently made changes to their positions in the company. Verus Capital Partners LLC bought a new position in Fortune Brands Home & Security during the fourth quarter valued at approximately $25,000. Rockefeller Capital Management L.P. boosted its stake in Fortune Brands Home & Security by 152.7% during the first quarter. Rockefeller Capital Management L.P. now owns 700 shares of the industrial products company’s stock valued at $30,000 after buying an additional 423 shares during the last quarter. Fred Alger Management LLC bought a new stake in shares of Fortune Brands Home & Security in the 1st quarter valued at approximately $31,000. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Fortune Brands Home & Security by 642.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 742 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 642 shares during the last quarter. Finally, Ellevest Inc. lifted its stake in shares of Fortune Brands Home & Security by 71.3% in the 1st quarter. Ellevest Inc. now owns 853 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 355 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

FBHS opened at $76.50 on Friday. The stock’s fifty day moving average is $65.15 and its two-hundred day moving average is $59.36. The company has a market capitalization of $10.62 billion, a P/E ratio of 20.81 and a beta of 1.67. Fortune Brands Home & Security Inc has a 52 week low of $33.90 and a 52 week high of $78.25. The company has a quick ratio of 0.97, a current ratio of 2.05 and a debt-to-equity ratio of 0.91.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.35. Fortune Brands Home & Security had a return on equity of 21.65% and a net margin of 7.61%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $1.03 EPS. The business’s revenue was down 7.1% compared to the same quarter last year. Equities analysts anticipate that Fortune Brands Home & Security Inc will post 3.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 28th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.25%. Fortune Brands Home & Security’s dividend payout ratio is presently 26.67%.

Several equities research analysts have recently issued reports on the company. SunTrust Banks raised their price objective on Fortune Brands Home & Security from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday. TheStreet raised Fortune Brands Home & Security from a “c+” rating to a “b” rating in a research note on Thursday, June 4th. Credit Suisse Group raised their price objective on Fortune Brands Home & Security from $70.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday. Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $66.00 price target on the stock in a report on Thursday, June 11th. Finally, Deutsche Bank increased their price target on Fortune Brands Home & Security from $68.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $69.63.

In other news, VP Danny Luburic sold 2,000 shares of Fortune Brands Home & Security stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $60.18, for a total value of $120,360.00. Following the transaction, the vice president now directly owns 9,693 shares in the company, valued at approximately $583,324.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brian C. Lantz sold 14,745 shares of Fortune Brands Home & Security stock in a transaction on Friday, June 5th. The shares were sold at an average price of $67.74, for a total value of $998,826.30. The disclosure for this sale can be found here. Company insiders own 1.45% of the company’s stock.

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.

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

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