Capital One National Association Sells 1000 Shares of Fortune Brands Home & Security Inc (FBHS)

Capital One National Association lessened its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,481 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Capital One National Association’s holdings in Fortune Brands Home & Security were worth $1,812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sentry Investment Management LLC boosted its position in Fortune Brands Home & Security by 1.2% during the 2nd quarter. Sentry Investment Management LLC now owns 10,287 shares of the industrial products company’s stock valued at $671,000 after acquiring an additional 122 shares in the last quarter. Toronto Dominion Bank boosted its position in Fortune Brands Home & Security by 26.1% during the 2nd quarter. Toronto Dominion Bank now owns 52,123 shares of the industrial products company’s stock valued at $3,400,000 after acquiring an additional 10,799 shares in the last quarter. Douglas Lane & Associates LLC boosted its position in Fortune Brands Home & Security by 3.1% during the 3rd quarter. Douglas Lane & Associates LLC now owns 675,602 shares of the industrial products company’s stock valued at $45,421,000 after acquiring an additional 20,460 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Fortune Brands Home & Security by 49.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 17,669 shares of the industrial products company’s stock valued at $1,189,000 after acquiring an additional 5,863 shares in the last quarter. Finally, Pensionfund DSM Netherlands bought a new stake in Fortune Brands Home & Security during the 4th quarter valued at $3,011,000. 87.04% of the stock is currently owned by institutional investors and hedge funds.

FBHS has been the topic of several recent research reports. Royal Bank of Canada dropped their target price on 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 reaffirmed a “hold” rating and set a $63.00 target price on shares of Fortune Brands Home & Security in a research report on Friday, November 10th. Robert W. Baird reaffirmed a “buy” rating and set a $72.00 target price on shares of Fortune Brands Home & Security in a research report on Tuesday, October 24th. Zacks Investment Research raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Thursday, January 11th. Finally, Citigroup raised their price objective on Fortune Brands Home & Security from $68.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $73.31.

Shares of Fortune Brands Home & Security Inc (NYSE:FBHS) opened at $63.15 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.77 and a quick ratio of 1.13. The firm has a market capitalization of $9,367.63, a price-to-earnings ratio of 20.64, a PEG ratio of 1.40 and a beta of 1.33. Fortune Brands Home & Security Inc has a 52-week low of $56.19 and a 52-week high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.80 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.80. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Fortune Brands Home & Security had a return on equity of 18.73% and a net margin of 8.95%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. research analysts expect that Fortune Brands Home & Security Inc will post 3.63 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Friday, February 23rd will be given a $0.20 dividend. This is a boost from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.27%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 23.53%.

Fortune Brands Home & Security declared that its Board of Directors has initiated a share buyback program on Monday, December 11th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In other news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $71.50, for a total value of $357,500.00. Following the completion of the sale, the director now owns 21,674 shares of the company’s stock, valued at approximately $1,549,691. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.61% of the stock is owned by company insiders.

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Fortune Brands Home & Security Company 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.

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



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