Commerzbank Aktiengesellschaft FI Invests $203,000 in Fortune Brands Home & Security (FBHS) Stock

Commerzbank Aktiengesellschaft FI bought a new stake in Fortune Brands Home & Security (NYSE:FBHS) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,443 shares of the industrial products company’s stock, valued at approximately $203,000.

A number of other large investors have also bought and sold shares of the business. LS Investment Advisors LLC raised its position in Fortune Brands Home & Security by 11.1% in the fourth quarter. LS Investment Advisors LLC now owns 8,074 shares of the industrial products company’s stock valued at $553,000 after purchasing an additional 808 shares during the period. OppenheimerFunds Inc. raised its position in Fortune Brands Home & Security by 7.3% in the fourth quarter. OppenheimerFunds Inc. now owns 11,908 shares of the industrial products company’s stock valued at $815,000 after purchasing an additional 811 shares during the period. Courier Capital LLC raised its holdings in shares of Fortune Brands Home & Security by 2.2% in the 4th quarter. Courier Capital LLC now owns 38,930 shares of the industrial products company’s stock valued at $2,664,000 after buying an additional 850 shares during the period. Norinchukin Bank The raised its holdings in shares of Fortune Brands Home & Security by 7.4% in the 4th quarter. Norinchukin Bank The now owns 12,313 shares of the industrial products company’s stock valued at $843,000 after buying an additional 851 shares during the period. Finally, Pinnacle Financial Partners Inc. raised its holdings in shares of Fortune Brands Home & Security by 9.0% in the 4th quarter. Pinnacle Financial Partners Inc. now owns 10,298 shares of the industrial products company’s stock valued at $705,000 after buying an additional 853 shares during the period. Institutional investors own 91.38% of the company’s stock.

Several equities research analysts recently issued reports on the company. Bank of America downgraded Fortune Brands Home & Security from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a report on Monday. ValuEngine downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Citigroup cut their price objective on Fortune Brands Home & Security from $74.00 to $64.00 and set a “neutral” rating on the stock in a report on Monday, April 30th. Barclays cut their price objective on Fortune Brands Home & Security from $70.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, April 27th. Finally, Credit Suisse Group cut their price objective on Fortune Brands Home & Security from $80.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, April 27th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Fortune Brands Home & Security currently has an average rating of “Hold” and a consensus target price of $69.20.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $57.43, for a total transaction of $287,150.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.71% of the stock is owned by corporate insiders.

Shares of Fortune Brands Home & Security opened at $56.99 on Friday, according to Marketbeat Ratings. The company has a current ratio of 1.44, a quick ratio of 0.90 and a debt-to-equity ratio of 0.65. Fortune Brands Home & Security has a 1-year low of $55.77 and a 1-year high of $56.37. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 1.25 and a beta of 1.41.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.03). Fortune Brands Home & Security had a return on equity of 19.01% and a net margin of 8.79%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the company earned $0.53 EPS. Fortune Brands Home & Security’s revenue for the quarter was up 5.7% compared to the same quarter last year. research analysts expect that Fortune Brands Home & Security will post 3.63 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 13th. Shareholders of record on Friday, May 25th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 24th. This represents a $0.80 annualized dividend and a yield of 1.40%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 25.97%.

Fortune Brands Home & Security declared that its board has initiated a stock buyback program on Monday, April 30th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the industrial products company to purchase up to 1.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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 four segments: Cabinets, Plumbing, Doors, and 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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