Keeley Teton Advisors LLC reduced its holdings in Fortune Brands Home & Security Inc (NYSE:FBHS) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,762 shares of the industrial products company’s stock after selling 3,240 shares during the quarter. Keeley Teton Advisors LLC owned about 0.06% of Fortune Brands Home & Security worth $5,900,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of FBHS. Epoch Investment Partners Inc. bought a new stake in shares of Fortune Brands Home & Security in the third quarter valued at about $84,149,000. Vanguard Group Inc. lifted its stake in Fortune Brands Home & Security by 3.1% during the second 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 during the period. BlackRock Inc. lifted its stake in Fortune Brands Home & Security by 3.3% during the second 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 during the period. PGGM Investments bought a new position in Fortune Brands Home & Security during the third quarter worth about $21,244,000. Finally, Putnam FL Investment Management Co. bought a new position in Fortune Brands Home & Security during the third quarter worth about $16,999,000. 87.23% of the stock is currently owned by institutional investors.
Fortune Brands Home & Security Inc (FBHS) traded down $0.34 on Friday, reaching $68.44. 658,321 shares of the company traded hands, compared to its average volume of 872,931. The company has a market cap of $10,440.86, a PE ratio of 23.60, a P/E/G ratio of 2.15 and a beta of 1.42. Fortune Brands Home & Security Inc has a 1-year low of $53.15 and a 1-year high of $69.76. The company has a quick ratio of 1.17, a current ratio of 1.87 and a debt-to-equity ratio of 0.57.
Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. Fortune Brands Home & Security had a net margin of 8.62% and a return on equity of 18.64%. Fortune Brands Home & Security’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. equities research analysts predict that Fortune Brands Home & Security Inc will post 3.07 EPS for the current fiscal year.
The business also recently declared 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. The ex-dividend date is Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.17%. This is a positive change from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. Fortune Brands Home & Security’s dividend payout ratio is 24.83%.
Fortune Brands Home & Security announced that its board has initiated a share buyback plan on Monday, December 11th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
A number of research analysts have commented on FBHS shares. Zacks Investment Research cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Citigroup raised their price objective on shares of Fortune Brands Home & Security from $68.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a report on Monday, September 25th. JPMorgan Chase & Co. raised their price objective on shares of Fortune Brands Home & Security from $70.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Finally, Credit Suisse Group raised their price target on shares of Fortune Brands Home & Security from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $71.17.
In related news, CEO Christopher J. Klein sold 85,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $67.13, for a total value of $5,706,050.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.61% of the stock is currently owned by corporate 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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