Fortune Brands Home & Security Inc (FBHS) Shares Sold by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC reduced its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 6.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 54,409 shares of the industrial products company’s stock after selling 3,517 shares during the period. Exencial Wealth Advisors LLC’s holdings in Fortune Brands Home & Security were worth $2,067,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue boosted its stake in Fortune Brands Home & Security by 5.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 38,374 shares of the industrial products company’s stock worth $2,007,000 after acquiring an additional 2,069 shares during the last quarter. Bank of Montreal Can boosted its stake in Fortune Brands Home & Security by 14.5% during the 3rd quarter. Bank of Montreal Can now owns 282,391 shares of the industrial products company’s stock worth $14,786,000 after acquiring an additional 35,711 shares during the last quarter. PGGM Investments boosted its stake in Fortune Brands Home & Security by 26.0% during the 3rd quarter. PGGM Investments now owns 390,298 shares of the industrial products company’s stock worth $20,436,000 after acquiring an additional 80,598 shares during the last quarter. First Manhattan Co. boosted its stake in Fortune Brands Home & Security by 136.4% during the 3rd quarter. First Manhattan Co. now owns 2,600 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Andra AP fonden boosted its stake in Fortune Brands Home & Security by 6.2% during the 3rd quarter. Andra AP fonden now owns 75,100 shares of the industrial products company’s stock worth $3,932,000 after acquiring an additional 4,400 shares during the last quarter. 86.80% of the stock is owned by hedge funds and other institutional investors.

Shares of FBHS opened at $47.07 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 1.13. Fortune Brands Home & Security Inc has a twelve month low of $35.27 and a twelve month high of $64.73. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 1.34 and a beta of 1.45.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Thursday, January 31st. The industrial products company reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.08). Fortune Brands Home & Security had a net margin of 7.10% and a return on equity of 21.91%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.46 billion. Analysts anticipate that Fortune Brands Home & Security Inc will post 3.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 13th. Shareholders of record on Friday, February 22nd will be paid a $0.22 dividend. The ex-dividend date is Thursday, February 21st. This represents a $0.88 dividend on an annualized basis and a yield of 1.87%. This is a positive change from Fortune Brands Home & Security’s previous quarterly dividend of $0.20. Fortune Brands Home & Security’s payout ratio is presently 23.95%.

Several research firms recently weighed in on FBHS. ValuEngine raised shares of Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Nomura reduced their price objective on shares of Fortune Brands Home & Security from $56.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, October 26th. Credit Suisse Group set a $57.00 price objective on shares of Fortune Brands Home & Security and gave the stock a “buy” rating in a research note on Wednesday, October 17th. TheStreet lowered shares of Fortune Brands Home & Security from a “b-” rating to a “c+” rating in a research note on Friday, October 26th. Finally, Loop Capital lifted their price objective on shares of Fortune Brands Home & Security to $44.00 and gave the stock a “hold” rating in a research note on Friday, February 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Fortune Brands Home & Security currently has a consensus rating of “Hold” and a consensus target price of $53.91.

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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 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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