Fortune Brands Home & Security, Inc. (FBHS) Holdings Trimmed by Wellington Shields Capital …

Wellington Shields Capital Management LLC reduced its holdings in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 14.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,000 shares of the industrial products company’s stock after selling 5,000 shares during the period. Wellington Shields Capital Management LLC’s holdings in Fortune Brands Home & Security were worth $1,950,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FBHS. Pictet Asset Management Ltd. grew its holdings in Fortune Brands Home & Security by 25.9% during the 2nd quarter. Pictet Asset Management Ltd. now owns 2,500,219 shares of the industrial products company’s stock worth $157,763,000 after acquiring an additional 514,041 shares during the period. Vanguard Group Inc. boosted its position in shares of Fortune Brands Home & Security by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 15,160,589 shares of the industrial products company’s stock worth $989,078,000 after purchasing an additional 460,317 shares in the last quarter. BlackRock Inc. boosted its position in shares of Fortune Brands Home & Security by 3.3% during the 2nd quarter. BlackRock Inc. now owns 12,998,091 shares of the industrial products company’s stock worth $847,995,000 after purchasing an additional 417,624 shares in the last quarter. PGGM Investments bought a new position in shares of Fortune Brands Home & Security during the 3rd quarter worth about $21,244,000. Finally, Gluskin Sheff & Assoc Inc. bought a new position in shares of Fortune Brands Home & Security during the 2nd quarter worth about $14,798,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

A number of equities analysts have recently issued reports on FBHS shares. Robert W. Baird reissued a “buy” rating and set a $72.00 price objective on shares of Fortune Brands Home & Security in a research report on Tuesday, October 24th. Jefferies Group LLC reissued a “buy” rating and set a $78.00 price objective on shares of Fortune Brands Home & Security in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Thursday, July 20th. Royal Bank Of Canada reissued a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a research report on Monday, September 25th. Finally, BidaskClub raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Fortune Brands Home & Security has an average rating of “Hold” and an average target price of $69.47.

In other news, insider E Lee Wyatt sold 2,600 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were 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 is available through the SEC website. Also, CEO Christopher J. Klein sold 85,000 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $67.13, for a total transaction of $5,706,050.00. The disclosure for this sale can be found here. Insiders sold a total of 181,000 shares of company stock valued at $11,813,470 over the last quarter. 1.61% of the stock is owned by company insiders.

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Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) traded up $0.46 during mid-day trading on Tuesday, hitting $64.43. 792,300 shares of the stock traded hands, compared to its average volume of 1,075,960. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.17 and a current ratio of 1.87. Fortune Brands Home & Security, Inc. has a 12 month low of $53.15 and a 12 month high of $68.82. The stock has a market cap of $9,780.00, a price-to-earnings ratio of 21.40, a P/E/G ratio of 2.00 and a beta of 1.41.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results 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. Fortune Brands Home & Security had a net margin of 8.62% and a return on equity of 18.64%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted $0.80 EPS. Fortune Brands Home & Security’s quarterly revenue was up 5.5% compared to the same quarter last year. equities research analysts anticipate that Fortune Brands Home & Security, Inc. will post 3.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.72 annualized dividend and a dividend yield of 1.12%. Fortune Brands Home & Security’s payout ratio is currently 24.91%.

Fortune Brands Home & Security 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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