Fortune Brands Home & Security Inc (NYSE:FBHS) Stake Increased by Douglas Lane & Associates …

Douglas Lane & Associates LLC lifted its holdings in Fortune Brands Home & Security Inc (NYSE:FBHS) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 694,936 shares of the industrial products company’s stock after acquiring an additional 19,334 shares during the quarter. Douglas Lane & Associates LLC owned 0.46% of Fortune Brands Home & Security worth $47,561,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FBHS. Sentry Investment Management LLC grew its position in Fortune Brands Home & Security by 1.2% during the second quarter. Sentry Investment Management LLC now owns 10,287 shares of the industrial products company’s stock valued at $671,000 after buying an additional 122 shares during the period. Toronto Dominion Bank lifted its holdings in Fortune Brands Home & Security by 26.1% during the second quarter. Toronto Dominion Bank now owns 52,123 shares of the industrial products company’s stock valued at $3,400,000 after purchasing an additional 10,799 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Fortune Brands Home & Security by 49.7% during the third quarter. Envestnet Asset Management Inc. now owns 17,669 shares of the industrial products company’s stock valued at $1,189,000 after purchasing an additional 5,863 shares in the last quarter. Peloton Wealth Strategists lifted its holdings in Fortune Brands Home & Security by 11.5% during the third quarter. Peloton Wealth Strategists now owns 20,075 shares of the industrial products company’s stock valued at $1,350,000 after purchasing an additional 2,075 shares in the last quarter. Finally, Pensionfund DSM Netherlands purchased a new position in Fortune Brands Home & Security during the fourth quarter valued at $3,011,000. Hedge funds and other institutional investors own 87.38% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Thursday, January 11th. SunTrust Banks reiterated a “hold” rating and issued a $63.00 price target on shares of Fortune Brands Home & Security in a research report on Friday, November 10th. BidaskClub cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Robert W. Baird reissued a “buy” rating and issued a $72.00 price objective on shares of Fortune Brands Home & Security in a research note on Tuesday, October 24th. Finally, Jefferies Group reissued a “buy” rating and issued a $78.00 price objective on shares of Fortune Brands Home & Security in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $71.83.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,549,691. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.61% of the stock is currently owned by corporate insiders.

Fortune Brands Home & Security Inc (NYSE FBHS) traded up $0.11 during trading on Wednesday, hitting $70.93. 1,248,664 shares of the company traded hands, compared to its average volume of 988,727. The stock has a market cap of $10,868.94, a price-to-earnings ratio of 24.53, a PEG ratio of 1.94 and a beta of 1.41. 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 Inc has a 1-year low of $54.62 and a 1-year high of $73.62.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Friday, February 23rd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.13%. This is a positive change from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, February 22nd. Fortune Brands Home & Security’s dividend payout ratio is 24.83%.

Fortune Brands Home & Security announced that its board has initiated a share buyback program on Monday, December 11th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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About Fortune Brands Home & Security

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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