Fortune Brands Home & Security, Inc. (FBHS) Position Cut by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA trimmed its position in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 28.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,314 shares of the industrial products company’s stock after selling 36,516 shares during the quarter. BNP Paribas Arbitrage SA owned 0.06% of Fortune Brands Home & Security worth $6,206,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Alps Advisors Inc. boosted its position in Fortune Brands Home & Security by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,978 shares of the industrial products company’s stock valued at $520,000 after buying an additional 21 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Fortune Brands Home & Security by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock valued at $123,000 after buying an additional 23 shares in the last quarter. MUFG Americas Holdings Corp boosted its position in Fortune Brands Home & Security by 0.7% in the second quarter. MUFG Americas Holdings Corp now owns 5,184 shares of the industrial products company’s stock valued at $338,000 after buying an additional 35 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Fortune Brands Home & Security by 1.9% in the second quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock valued at $137,000 after buying an additional 40 shares in the last quarter. Finally, Profund Advisors LLC boosted its position in Fortune Brands Home & Security by 1.1% in the second quarter. Profund Advisors LLC now owns 3,880 shares of the industrial products company’s stock valued at $253,000 after buying an additional 42 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Fortune Brands Home & Security, Inc. (FBHS) opened at $64.76 on Friday. Fortune Brands Home & Security, Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $68.82. The company has a market cap of $9,880.00, a price-to-earnings ratio of 21.64, a PEG ratio of 2.02 and a beta of 1.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.17 and a current ratio of 1.87.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share 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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business posted $0.80 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. research analysts forecast that Fortune Brands Home & Security, Inc. will post 3.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 24th will be given 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 1.11%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 24.91%.

A number of analysts have weighed in on the stock. Royal Bank Of Canada cut their target price on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, November 13th. SunTrust Banks, Inc. restated a “hold” rating and issued a $63.00 target price on shares of Fortune Brands Home & Security in a research report on Friday, November 10th. BidaskClub lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, J P Morgan Chase & Co raised their target price on shares of Fortune Brands Home & Security from $70.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $69.86.

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In related news, CEO Christopher J. Klein sold 85,000 shares of the stock in a transaction dated 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 filing with the SEC, which can be accessed through the SEC website. Also, insider E Lee Wyatt sold 33,400 shares of the stock in a transaction dated 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. Insiders have sold 181,000 shares of company stock worth $11,813,470 over the last quarter. 1.61% of the stock is currently owned by company insiders.

Fortune Brands Home & Security Profile

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.

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

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