Principal Financial Group Inc. Decreases Holdings in Fortune Brands Home & Security Inc (FBHS)

Principal Financial Group Inc. trimmed its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 235,151 shares of the industrial products company’s stock after selling 9,742 shares during the quarter. Principal Financial Group Inc. owned about 0.15% of Fortune Brands Home & Security worth $15,809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Bank of Montreal Can increased its position in Fortune Brands Home & Security by 70.9% during the 2nd quarter. Bank of Montreal Can now owns 77,069 shares of the industrial products company’s stock worth $5,029,000 after buying an additional 31,967 shares during the period. State of Alaska Department of Revenue grew its holdings in Fortune Brands Home & Security by 1.9% during the second quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock worth $137,000 after buying an additional 40 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Fortune Brands Home & Security by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the industrial products company’s stock worth $620,000 after purchasing an additional 100 shares during the last quarter. Aperio Group LLC lifted its position in shares of Fortune Brands Home & Security by 8.1% during the 2nd quarter. Aperio Group LLC now owns 44,422 shares of the industrial products company’s stock valued at $2,898,000 after buying an additional 3,347 shares during the last quarter. Finally, APG Asset Management N.V. lifted its position in shares of Fortune Brands Home & Security by 16.9% during the 2nd quarter. APG Asset Management N.V. now owns 243,016 shares of the industrial products company’s stock valued at $15,854,000 after buying an additional 35,200 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. BidaskClub cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $75.00 price objective on shares of Fortune Brands Home & Security in a report on Monday, August 21st. Zacks Investment Research cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Jefferies Group reaffirmed 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. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Fortune Brands Home & Security in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $69.86.

Shares of Fortune Brands Home & Security Inc (FBHS) traded down $0.72 during trading hours on Thursday, hitting $67.76. 526,700 shares of the stock were exchanged, compared to its average volume of 1,052,769. Fortune Brands Home & Security Inc has a 1-year low of $53.15 and a 1-year high of $69.61. The company has a quick ratio of 1.17, a current ratio of 1.87 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $10,395.32, a PE ratio of 22.90, a price-to-earnings-growth ratio of 2.14 and a beta of 1.42.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company earned $0.80 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. equities research analysts forecast that Fortune Brands Home & Security Inc will post 3.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 22nd. Fortune Brands Home & Security’s dividend payout ratio is currently 24.83%.

In related news, CEO Christopher J. Klein sold 85,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $67.13, for a total value of $5,706,050.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider E Lee Wyatt sold 2,600 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $65.11, for a total value of $169,286.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,000 shares of company stock worth $8,046,670. 1.61% of the stock is currently owned by insiders.

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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.

Institutional Ownership by Quarter for Fortune Brands Home & Security (NYSE:FBHS)



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