Advisors Asset Management Inc. Sells 3953 Shares of Fortune Brands Home & Security Inc (FBHS)

Advisors Asset Management Inc. decreased its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 13.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,039 shares of the industrial products company’s stock after selling 3,953 shares during the quarter. Advisors Asset Management Inc.’s holdings in Fortune Brands Home & Security were worth $1,751,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in FBHS. Bank of Montreal Can boosted its holdings in shares of Fortune Brands Home & Security by 70.9% during the second quarter. Bank of Montreal Can now owns 77,069 shares of the industrial products company’s stock valued at $5,029,000 after acquiring an additional 31,967 shares during the period. State of Alaska Department of Revenue raised its stake in shares of 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 purchasing an additional 40 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Fortune Brands Home & Security by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the industrial products company’s stock valued at $620,000 after purchasing an additional 100 shares in the last quarter. Aperio Group LLC raised its stake in shares of Fortune Brands Home & Security by 8.1% during the second quarter. Aperio Group LLC now owns 44,422 shares of the industrial products company’s stock valued at $2,898,000 after purchasing an additional 3,347 shares in the last quarter. Finally, APG Asset Management N.V. raised its stake in shares of Fortune Brands Home & Security by 16.9% during the second quarter. APG Asset Management N.V. now owns 243,016 shares of the industrial products company’s stock valued at $15,854,000 after purchasing an additional 35,200 shares in the last quarter. 87.28% of the stock is owned by institutional investors.

Shares of Fortune Brands Home & Security Inc (FBHS) traded down $0.72 during trading on Thursday, reaching $67.76. 526,700 shares of the company’s stock traded hands, compared to its average volume of 1,052,769. The company has a current ratio of 1.87, a quick ratio of 1.17 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $10,395.32, a PE ratio of 22.90, a PEG ratio of 2.14 and a beta of 1.42. Fortune Brands Home & Security Inc has a 12-month low of $53.15 and a 12-month high of $69.61.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. equities research analysts anticipate that Fortune Brands Home & Security Inc will post 3.07 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.72 annualized dividend and a yield of 1.06%. Fortune Brands Home & Security’s payout ratio is presently 24.83%.

In other Fortune Brands Home & Security news, insider E Lee Wyatt sold 2,600 shares of Fortune Brands Home & Security stock in a transaction dated 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 legal filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Klein sold 85,000 shares of Fortune Brands Home & Security stock in a transaction dated 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. In the last 90 days, insiders have sold 121,000 shares of company stock worth $8,046,670. Corporate insiders own 1.61% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. BidaskClub cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Royal Bank Of Canada restated a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a research note on Monday, August 21st. Credit Suisse Group boosted their price target on shares of Fortune Brands Home & Security from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Finally, J P Morgan Chase & Co boosted their price target on shares of Fortune Brands Home & Security from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $69.86.

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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.

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

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