Fortune Brands Home & Security Inc (FBHS) Position Lowered by Barings LLC

Barings LLC decreased its holdings in Fortune Brands Home & Security Inc (NYSE:FBHS) by 68.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,400 shares of the industrial products company’s stock after selling 9,400 shares during the quarter. Barings LLC’s holdings in Fortune Brands Home & Security were worth $296,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its stake in shares of Fortune Brands Home & Security by 60.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 600 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Fortune Brands Home & Security by 1.2% during 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. State of Alaska Department of Revenue raised its stake in Fortune Brands Home & Security by 1.9% during 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. Global X Management Co. LLC raised its stake in Fortune Brands Home & Security by 13.2% during the second quarter. Global X Management Co. LLC now owns 2,385 shares of the industrial products company’s stock valued at $156,000 after buying an additional 279 shares in the last quarter. Finally, Stephens Inc. AR acquired a new stake in Fortune Brands Home & Security during the second quarter valued at approximately $201,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Several analysts have issued reports on the company. Credit Suisse Group upped their price objective on Fortune Brands Home & Security from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Jefferies Group restated a “buy” rating and set a $78.00 price objective on shares of Fortune Brands Home & Security in a research note on Thursday, October 12th. Royal Bank Of Canada cut their price objective on Fortune Brands Home & Security from $78.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday, November 13th. BidaskClub cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, SunTrust Banks restated a “hold” rating and set a $63.00 price objective on shares of Fortune Brands Home & Security in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $69.86.

In other news, insider E Lee Wyatt sold 2,600 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $65.11, for a total transaction of $169,286.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher J. Klein sold 85,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $67.13, for a total value of $5,706,050.00. The disclosure for this sale can be found here. Insiders have sold 121,000 shares of company stock valued at $8,046,670 over the last ninety days. Corporate insiders own 1.61% of the company’s stock.

Fortune Brands Home & Security Inc (NYSE:FBHS) traded down $0.41 during trading hours on Wednesday, hitting $68.48. The stock had a trading volume of 966,100 shares, compared to its average volume of 1,055,018. The company has a market capitalization of $10,457.56, a price-to-earnings ratio of 23.04, a PEG ratio of 2.15 and a beta of 1.42. Fortune Brands Home & Security Inc has a 52 week low of $53.15 and a 52 week high of $69.61. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.87 and a quick ratio of 1.17.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 earnings per share. sell-side analysts forecast that Fortune Brands Home & Security Inc will post 3.07 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, November 22nd. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 24.83%.

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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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