Swiss National Bank Reduces Stock Holdings in Fortune Brands Home & Security Inc (NYSE:FBHS)

Swiss National Bank decreased its stake in Fortune Brands Home & Security Inc (NYSE:FBHS) by 2.7% in the second quarter, Holdings Channel.com reports. The firm owned 460,200 shares of the industrial products company’s stock after selling 12,700 shares during the period. Swiss National Bank’s holdings in Fortune Brands Home & Security were worth $26,291,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Westside Investment Management Inc. bought a new stake in shares of Fortune Brands Home & Security during the 2nd quarter worth approximately $27,000. Berman Capital Advisors LLC lifted its stake in shares of Fortune Brands Home & Security by 454.7% during the 1st quarter. Berman Capital Advisors LLC now owns 588 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 482 shares during the last quarter. Cornerstone Advisors Inc. lifted its stake in shares of Fortune Brands Home & Security by 47.0% during the 1st quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 204 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Fortune Brands Home & Security during the 1st quarter worth approximately $31,000. Finally, Bremer Bank National Association bought a new stake in shares of Fortune Brands Home & Security during the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 88.10% of the company’s stock.

A number of brokerages recently issued reports on FBHS. Bank of America raised Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $64.00 in a research note on Monday, May 6th. SunTrust Banks raised their price target on Fortune Brands Home & Security to $50.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Loop Capital lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price target for the company. in a research note on Tuesday, July 2nd. ValuEngine raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Finally, 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 report on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Fortune Brands Home & Security presently has a consensus rating of “Hold” and a consensus price target of $54.30.

Shares of NYSE FBHS opened at $52.36 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.13 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $53.74 and a two-hundred day simple moving average of $50.95. The firm has a market cap of $7.17 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.56 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 earnings results on Thursday, August 1st. The industrial products company reported $1.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.03. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.53 billion. Fortune Brands Home & Security had a return on equity of 21.81% and a net margin of 7.22%. Fortune Brands Home & Security’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. On average, research analysts expect that Fortune Brands Home & Security Inc will post 3.6 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Friday, August 30th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, August 29th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.35%.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of Fortune Brands Home & Security stock in a transaction on Friday, June 28th. The stock was sold at an average price of $56.74, for a total transaction of $283,700.00. Following the completion of the sale, the director now directly owns 11,589 shares of the company’s stock, valued at approximately $657,559.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A D. David Mackay sold 10,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $50.40, for a total value of $504,000.00. Following the completion of the transaction, the director now directly owns 11,532 shares of the company’s stock, valued at $581,212.80. 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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