Fortune Brands Home & Security Inc (NYSE:FBHS) Position Lifted by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. grew its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,739 shares of the industrial products company’s stock after acquiring an additional 1,087 shares during the period. Fortune Brands Home & Security accounts for 1.0% of Stanley Laman Group Ltd.’s holdings, making the stock its 28th largest position. Stanley Laman Group Ltd.’s holdings in Fortune Brands Home & Security were worth $4,773,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Norinchukin Bank The lifted its position in Fortune Brands Home & Security by 7.4% during the fourth quarter. Norinchukin Bank The now owns 12,313 shares of the industrial products company’s stock worth $843,000 after acquiring an additional 851 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in Fortune Brands Home & Security by 9.6% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 129,121 shares of the industrial products company’s stock worth $8,837,000 after acquiring an additional 11,315 shares during the last quarter. American International Group Inc. lifted its position in Fortune Brands Home & Security by 12.0% during the fourth quarter. American International Group Inc. now owns 51,430 shares of the industrial products company’s stock worth $3,520,000 after acquiring an additional 5,511 shares during the last quarter. Uncommon Cents Investing LLC acquired a new stake in Fortune Brands Home & Security during the fourth quarter worth approximately $266,000. Finally, Virtu Financial LLC acquired a new stake in Fortune Brands Home & Security during the fourth quarter worth approximately $280,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Several equities research analysts have issued reports on the stock. Credit Suisse Group restated an “outperform” rating and set a $80.00 price objective (up 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. Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Nomura cut their price objective on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. Barclays cut their price objective on shares of Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Finally, Royal Bank of Canada cut their price objective on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $73.57.

Shares of Fortune Brands Home & Security Inc (NYSE FBHS) traded down $0.19 on Tuesday, hitting $62.57. 729,955 shares of the stock traded hands, compared to its average volume of 2,110,000. Fortune Brands Home & Security Inc has a 12 month low of $59.11 and a 12 month high of $73.62. The company has a market capitalization of $9,380.00, a PE ratio of 21.73, a PEG ratio of 1.45 and a beta of 1.42. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.77 and a quick ratio of 1.13.

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

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

In related news, Director Ronald V. Waters sold 5,000 shares of Fortune Brands Home & Security 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 transaction, the director now directly owns 21,674 shares of the company’s stock, valued at $1,549,691. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.61% of the company’s stock.

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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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