Prudential Financial Inc. Sells 59446 Shares of Fortune Brands Home & Security Inc (FBHS)

Prudential Financial Inc. trimmed its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 21.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 214,714 shares of the industrial products company’s stock after selling 59,446 shares during the quarter. Prudential Financial Inc. owned approximately 0.14% of Fortune Brands Home & Security worth $14,435,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can lifted its stake in shares of Fortune Brands Home & Security by 70.9% in the second quarter. Bank of Montreal Can now owns 77,069 shares of the industrial products company’s stock worth $5,029,000 after acquiring an additional 31,967 shares during the period. State of Alaska Department of Revenue lifted its stake in Fortune Brands Home & Security by 1.9% in the second quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock valued at $137,000 after buying an additional 40 shares during the period. LS Investment Advisors LLC lifted its stake in Fortune Brands Home & Security by 6.5% in the second quarter. LS Investment Advisors LLC now owns 7,164 shares of the industrial products company’s stock valued at $467,000 after buying an additional 440 shares during the period. Louisiana State Employees Retirement System lifted its stake 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 valued at $620,000 after buying an additional 100 shares during the period. Finally, Aperio Group LLC lifted its stake in Fortune Brands Home & Security by 8.1% in the second 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 period. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fortune Brands Home & Security Inc (NYSE FBHS) traded down $0.72 on Wednesday, reaching $67.76. The company had a trading volume of 526,745 shares, compared to its average volume of 1,052,768. The stock has a market cap of $10,350.00, a PE ratio of 23.04, a price-to-earnings-growth ratio of 2.15 and a beta of 1.41. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.87 and a quick ratio of 1.17. Fortune Brands Home & Security Inc has a twelve month low of $53.15 and a twelve month high of $69.61.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS. research analysts predict that Fortune Brands Home & Security Inc will post 3.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 24th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.06%. Fortune Brands Home & Security’s dividend payout ratio is currently 24.91%.

In other news, insider E Lee Wyatt sold 33,400 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $65.01, for a total transaction of $2,171,334.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Christopher J. Klein sold 85,000 shares of the 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 disclosure for this sale can be found here. Insiders sold a total of 121,000 shares of company stock worth $8,046,670 over the last 90 days. Corporate insiders own 1.61% of the company’s stock.

FBHS has been the topic of several recent analyst reports. BidaskClub lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Royal Bank Of Canada restated a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a report on Monday, August 21st. Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Jefferies Group reiterated a “buy” rating and set a $78.00 price target on shares of Fortune Brands Home & Security in a report on Thursday, October 12th. Finally, Robert W. Baird reiterated a “buy” rating and set a $72.00 price target on shares of Fortune Brands Home & Security in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $69.86.

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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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