Rhumbline Advisers Sells 10920 Shares of Fortune Brands Home & Security Inc (FBHS)

Rhumbline Advisers lessened its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 290,747 shares of the industrial products company’s stock after selling 10,920 shares during the quarter. Rhumbline Advisers owned about 0.19% of Fortune Brands Home & Security worth $19,547,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Toronto Dominion Bank boosted its holdings in shares of Fortune Brands Home & Security by 12.1% during the third quarter. Toronto Dominion Bank now owns 58,412 shares of the industrial products company’s stock worth $3,927,000 after purchasing an additional 6,289 shares during the last quarter. Sei Investments Co. boosted its holdings in Fortune Brands Home & Security by 7.1% in the third quarter. Sei Investments Co. now owns 105,079 shares of the industrial products company’s stock valued at $7,065,000 after acquiring an additional 6,997 shares during the last quarter. Courier Capital LLC boosted its holdings in Fortune Brands Home & Security by 1,010.2% in the third quarter. Courier Capital LLC now owns 38,080 shares of the industrial products company’s stock valued at $2,561,000 after acquiring an additional 34,650 shares during the last quarter. Swiss National Bank boosted its holdings in Fortune Brands Home & Security by 0.9% in the third quarter. Swiss National Bank now owns 567,200 shares of the industrial products company’s stock valued at $38,133,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC purchased a new position in Fortune Brands Home & Security in the third quarter valued at about $888,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Shares of Fortune Brands Home & Security Inc (FBHS) traded down $0.72 during midday trading on Wednesday, hitting $67.76. The stock had a trading volume of 526,745 shares, compared to its average volume of 1,052,768. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.17 and a current ratio of 1.87. The firm has a market capitalization of $10,350.00, a P/E ratio of 23.04, a PEG ratio of 2.15 and a beta of 1.41. Fortune Brands Home & Security Inc has a fifty-two week low of $53.15 and a fifty-two week high of $69.61.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. equities research analysts forecast that Fortune Brands Home & Security Inc will post 3.07 earnings per share for the current year.

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

In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 85,000 shares of the company’s stock in a transaction 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 legal filing with the SEC, which is accessible through this link. Also, insider E Lee Wyatt sold 33,400 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $65.01, for a total value of $2,171,334.00. The disclosure for this sale can be found here. Insiders sold 121,000 shares of company stock worth $8,046,670 in the last ninety days. 1.61% of the stock is owned by corporate insiders.

Several research firms have commented on FBHS. BidaskClub lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. SunTrust Banks reissued a “hold” rating and issued a $63.00 price objective on shares of Fortune Brands Home & Security in a research report on Friday, November 10th. Robert W. Baird reissued a “buy” rating and issued a $72.00 price objective on shares of Fortune Brands Home & Security in a research report on Tuesday, October 24th. Jefferies Group reaffirmed a “buy” rating and set a $78.00 target price on shares of Fortune Brands Home & Security in a research report on Thursday, October 12th. Finally, Credit Suisse Group lifted their target price on Fortune Brands Home & Security from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Fortune Brands Home & Security currently has a consensus rating of “Hold” and an average price target 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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