Dimensional Fund Advisors Lp Raises Its Position in Fortune Brands Home & Security (FBHS)

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Fortune Brands Home & Security (NYSE:FBHS).

Dimensional Fund Advisors Lp reports that it increased its investment in Fortune Brands Home & Security shares by 0.8% in the quarter ending 09/30/2017. Its investment was worth $54,061,000 an increase of 3.8% as of the end of the quarter.

Dimensional Fund Advisors Lp isn’t the only one who has changed their investment in FBHS. As of quarter end Eagle Asset Management Inc had bought a total of 23,106 shares growing its position 5.0%. The value of the total investment in Fortune Brands Home & Security went from $30,173,000 to $32,865,000 a change of $2,692,000 quarter to quarter. Alliancebernstein L.P. trimmed its stake by selling 4,734 shares a decrease of 1.4% from 06/30/2017 to 09/30/2017. Alliancebernstein L.P. controls 342,891 shares valued at $23,053,000. The value of the position overall is up by 1.6%.

As of the end of the quarter California State Teachers Retirement System had disposed of 23,884 shares trimming its holdings by 8.5%. The value of the investment in Fortune Brands Home & Security decreased from $18,396,000 to $17,352,000 decreasing 5.7% since the last quarter.

Equity analyst J P Morgan Chase & Co raised the price target of the stock on October 30 boosting the projection from $70.00 to $78.00 with a rating of “Overweight”. Citigroup raised the price target on October 27 changing the forecast from $68.00 to $71.00 and issued a “Neutral” recommendation.

Credit Suisse Group raised the price target on October 26 changing the price objective from $72.00 to $74.00 and issued a “Outperform” rating. October 24 investment analysts at Robert W. Baird maintained a stock rating of “Buy” projecting a price of $72.00.

On October 12 Jefferies Group LLC kept the company rating at “Buy” targeting a price of $78.00. On September 25 Royal Bank Of Canada left the company rating at “Buy” with a current price target of $75.00.

The company is so far trading up by 0.23% since yesterday’s close of 64.43. The P/E ratio is currently 22.37 and market cap is 9.80B. As of the last earnings report the EPS was $2.89 with 151.80M shares presently outstanding.

Investors are a little more bullish on Fortune Brands Home & Security lately if you pay attention to the change in short interest. The company experienced a fall in short interest from October 13, 2017 to October 31, 2017 of -10.30%. Short interest fell from 6,066,872 to 5,442,248 over that period. The days to cover decreased to 4.0 and the percentage of shorted shares was 0.04% on October 31.

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