State Treasurer State of Michigan Reduces Position in Fortune Brands Home & Security, Inc. (FBHS)

State Treasurer State of Michigan cut its position in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 7.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,764 shares of the industrial products company’s stock after selling 3,800 shares during the quarter. State Treasurer State of Michigan’s holdings in Fortune Brands Home & Security were worth $3,144,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wendell David Associates Inc. bought a new stake in shares of Fortune Brands Home & Security during the third quarter valued at approximately $696,000. Mutual of America Capital Management LLC boosted its position in shares of Fortune Brands Home & Security by 4.8% during the third quarter. Mutual of America Capital Management LLC now owns 28,288 shares of the industrial products company’s stock valued at $1,902,000 after purchasing an additional 1,304 shares in the last quarter. PGGM Investments bought a new stake in shares of Fortune Brands Home & Security during the third quarter valued at approximately $21,244,000. Lord Abbett & CO. LLC bought a new stake in shares of Fortune Brands Home & Security during the second quarter valued at approximately $11,962,000. Finally, Sentry Investment Management LLC boosted its position in shares of Fortune Brands Home & Security by 1.2% during the second quarter. Sentry Investment Management LLC now owns 10,287 shares of the industrial products company’s stock valued at $671,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 87.94% of the company’s stock.

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Fortune Brands Home & Security, Inc. (NYSE FBHS) opened at 66.15 on Tuesday. The company has a market capitalization of $10.19 billion, a price-to-earnings ratio of 23.55 and a beta of 1.37. Fortune Brands Home & Security, Inc. has a 52 week low of $52.56 and a 52 week high of $68.82. The company’s 50-day moving average price is $65.98 and its 200-day moving average price is $64.61.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business earned $0.80 EPS. Fortune Brands Home & Security’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts forecast that Fortune Brands Home & Security, Inc. will post $3.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.72 annualized dividend and a yield of 1.09%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 24.83%.

FBHS has been the topic of several analyst reports. Citigroup Inc. boosted their target price on Fortune Brands Home & Security from $68.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday. Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Robert W. Baird reissued a “buy” rating and issued a $72.00 target price on shares of Fortune Brands Home & Security in a report on Tuesday, October 24th. Jefferies Group LLC reissued a “buy” rating and issued a $76.00 target price on shares of Fortune Brands Home & Security in a report on Friday, July 14th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 target price on shares of Fortune Brands Home & Security in a report on Tuesday, July 18th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $70.00.

In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 85,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $67.13, for a total transaction of $5,706,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider E Lee Wyatt sold 33,400 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $65.01, for a total value of $2,171,334.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 221,000 shares of company stock valued at $14,421,470. 1.61% of the stock is owned by company insiders.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

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

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