Daiwa Securities Group Inc. Has $4.90 Million Holdings in Fortune Brands Home & Security Inc …

Daiwa Securities Group Inc. lifted its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 35.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,554 shares of the industrial products company’s stock after acquiring an additional 18,824 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Fortune Brands Home & Security were worth $4,897,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FBHS. California Public Employees Retirement System grew its position in Fortune Brands Home & Security by 8.3% in the fourth quarter. California Public Employees Retirement System now owns 381,471 shares of the industrial products company’s stock worth $26,108,000 after buying an additional 29,242 shares during the last quarter. M&T Bank Corp grew its position in Fortune Brands Home & Security by 396.3% in the fourth quarter. M&T Bank Corp now owns 114,063 shares of the industrial products company’s stock worth $7,807,000 after buying an additional 91,080 shares during the last quarter. ING Groep NV grew its position in Fortune Brands Home & Security by 24.2% in the fourth quarter. ING Groep NV now owns 6,844 shares of the industrial products company’s stock worth $468,000 after buying an additional 1,334 shares during the last quarter. First National Bank of Omaha grew its position in Fortune Brands Home & Security by 35.2% in the fourth quarter. First National Bank of Omaha now owns 202,242 shares of the industrial products company’s stock worth $12,563,000 after buying an additional 52,709 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in Fortune Brands Home & Security by 43.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 19,681 shares of the industrial products company’s stock worth $1,347,000 after buying an additional 5,991 shares during the last quarter. Institutional investors and hedge funds own 87.04% of the company’s stock.

Several research analysts have issued reports on FBHS shares. 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. Credit Suisse Group restated an “outperform” rating and issued a $80.00 price target (up previously from $74.00) on shares of Fortune Brands Home & Security in a research report on Monday, January 22nd. They noted that the move was a valuation call. Robert W. Baird restated a “buy” rating and issued a $72.00 price target on shares of Fortune Brands Home & Security in a research report on Tuesday, October 24th. JPMorgan Chase & Co. lifted 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. Finally, Citigroup lifted their price target on shares of 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 issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $73.31.

In related news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $71.50, for a total value of $357,500.00. Following the completion of the transaction, the director now owns 21,674 shares of the company’s stock, valued at approximately $1,549,691. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.61% of the company’s stock.

Fortune Brands Home & Security Inc (NYSE:FBHS) opened at $63.15 on Tuesday. Fortune Brands Home & Security Inc has a 52 week low of $56.19 and a 52 week high of $73.62. 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 company has a market cap of $9,367.63, a P/E ratio of 20.04, a P/E/G ratio of 1.40 and a beta of 1.33.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Friday, February 23rd will be paid a $0.20 dividend. This is a positive change 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 yield of 1.27%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 23.53%.

Fortune Brands Home & Security announced that its Board of Directors has initiated a share repurchase plan on Monday, December 11th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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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.

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

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