Robecosam AG Has $16.03 Million Stake in Fortune Brands Home & Security Inc (FBHS)

Robecosam AG boosted its stake in Fortune Brands Home & Security Inc (NYSE:FBHS) by 26,835.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 262,887 shares of the industrial products company’s stock after buying an additional 261,911 shares during the period. Fortune Brands Home & Security comprises 1.4% of Robecosam AG’s portfolio, making the stock its 18th largest position. Robecosam AG owned approximately 0.17% of Fortune Brands Home & Security worth $16,028,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in FBHS. Advantus Capital Management Inc increased its stake in Fortune Brands Home & Security by 1.1% in the third quarter. Advantus Capital Management Inc now owns 15,348 shares of the industrial products company’s stock valued at $892,000 after buying an additional 168 shares during the period. United Services Automobile Association increased its stake in Fortune Brands Home & Security by 7.3% in the third quarter. United Services Automobile Association now owns 49,934 shares of the industrial products company’s stock valued at $2,901,000 after buying an additional 3,395 shares during the period. HighTower Advisors LLC increased its stake in Fortune Brands Home & Security by 12.1% in the third quarter. HighTower Advisors LLC now owns 8,392 shares of the industrial products company’s stock valued at $486,000 after buying an additional 905 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Fortune Brands Home & Security by 76.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,771 shares of the industrial products company’s stock valued at $1,904,000 after buying an additional 14,161 shares during the period. Finally, Diker Management LLC increased its stake in Fortune Brands Home & Security by 7.8% in the third quarter. Diker Management LLC now owns 27,700 shares of the industrial products company’s stock valued at $1,609,000 after buying an additional 2,000 shares during the period. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

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

Fortune Brands Home & Security Inc (NYSE FBHS) traded up 0.29% on Wednesday, hitting $63.07. 441,982 shares of the stock traded hands. The stock has a 50-day moving average of $63.06 and a 200-day moving average of $58.55. Fortune Brands Home & Security Inc has a 12-month low of $52.05 and a 12-month high of $66.01. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 23.02 and a beta of 1.27.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Wednesday, April 26th. The industrial products company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Fortune Brands Home & Security had a net margin of 8.18% and a return on equity of 18.68%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. Analysts forecast that Fortune Brands Home & Security Inc will post $3.10 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Friday, May 26th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, May 24th. Fortune Brands Home & Security’s dividend payout ratio is 24.71%.

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Several research firms recently issued reports on FBHS. Royal Bank of Canada lifted their price target on shares of Fortune Brands Home & Security from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. Barclays PLC reaffirmed a “hold” rating and set a $62.00 price target on shares of Fortune Brands Home & Security in a research note on Friday, April 28th. Jefferies Group LLC lifted their price target on shares of Fortune Brands Home & Security from $67.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Monday, April 24th. Finally, Nomura initiated coverage on shares of Fortune Brands Home & Security in a report on Wednesday, April 12th. They set a “neutral” rating and a $65.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $65.85.

In other news, VP Danny Luburic sold 3,700 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $63.00, for a total value of $233,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Randich sold 72,646 shares of the stock in a transaction on Monday, May 1st. The shares were sold at an average price of $63.53, for a total transaction of $4,615,200.38. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

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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