Skandinaviska Enskilda Banken AB publ Buys 4600 Shares of Fortune Brands Home & Security …

Skandinaviska Enskilda Banken AB publ grew its holdings in Fortune Brands Home & Security Inc (NYSE:FBHS) by 23.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 24,267 shares of the industrial products company’s stock after acquiring an additional 4,600 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Fortune Brands Home & Security were worth $1,631,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its holdings in shares of Fortune Brands Home & Security by 60.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the industrial products company’s stock valued at $104,000 after buying an additional 600 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fortune Brands Home & Security by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock valued at $123,000 after buying an additional 23 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Fortune Brands Home & Security by 1.9% in the 2nd 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. Global X Management Co. LLC lifted its holdings in shares of Fortune Brands Home & Security by 13.2% in the 2nd quarter. Global X Management Co. LLC now owns 2,385 shares of the industrial products company’s stock valued at $156,000 after buying an additional 279 shares during the period. Finally, Stephens Inc. AR acquired a new stake in shares of Fortune Brands Home & Security in the 2nd quarter valued at approximately $201,000. Institutional investors and hedge funds own 87.23% of the company’s stock.

In related news, CEO Christopher J. Klein sold 85,000 shares of the business’s stock in a transaction dated 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 the SEC website. Insiders own 1.61% of the company’s stock.

FBHS has been the subject of several research reports. Zacks Investment Research cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Citigroup lifted their price objective on Fortune Brands Home & Security from $68.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating and set a $75.00 price target on shares of Fortune Brands Home & Security in a research report on Monday, September 25th. JPMorgan Chase & Co. raised their price target on Fortune Brands Home & Security from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. Finally, Credit Suisse Group raised their price target 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 analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Fortune Brands Home & Security presently has an average rating of “Hold” and a consensus target price of $71.17.

Fortune Brands Home & Security Inc (FBHS) traded down $0.34 during mid-day trading on Friday, reaching $68.44. The company’s stock had a trading volume of 658,321 shares, compared to its average volume of 872,931. Fortune Brands Home & Security Inc has a 1 year low of $53.15 and a 1 year high of $69.76. 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 stock has a market capitalization of $10,440.86, a P/E ratio of 23.60, a PEG ratio of 2.15 and a beta of 1.42.

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

Fortune Brands Home & Security announced that its Board of Directors has initiated a stock buyback plan on Monday, December 11th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Friday, February 23rd will be paid a $0.20 dividend. This is a boost from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.17%. Fortune Brands Home & Security’s payout ratio is 24.83%.

TRADEMARK VIOLATION NOTICE: This article was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.truebluetribune.com/2017/12/30/skandinaviska-enskilda-banken-ab-publ-has-1-63-million-holdings-in-fortune-brands-home-security-inc-fbhs.html.

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)

Receive News & Ratings for Fortune Brands Home & Security Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fortune Brands Home & Security and related companies with MarketBeat.com’s FREE daily email newsletter.