Amalgamated Bank Sells 1,634 Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS)

Amalgamated Bank lowered its stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHSGet Rating) by 3.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 46,408 shares of the industrial products company’s stock after selling 1,634 shares during the quarter. Amalgamated Bank’s holdings in Fortune Brands Home & Security were worth $3,447,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FBHS. Hilltop Holdings Inc. boosted its holdings in Fortune Brands Home & Security by 4.6% during the fourth quarter. Hilltop Holdings Inc. now owns 4,970 shares of the industrial products company’s stock worth $531,000 after buying an additional 217 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in Fortune Brands Home & Security by 18.8% during the fourth quarter. Gotham Asset Management LLC now owns 14,733 shares of the industrial products company’s stock worth $1,575,000 after buying an additional 2,330 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Fortune Brands Home & Security by 2.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,447 shares of the industrial products company’s stock worth $1,544,000 after buying an additional 387 shares during the last quarter. Clearstead Advisors LLC bought a new position in Fortune Brands Home & Security during the fourth quarter worth about $27,000. Finally, Quantitative Investment Management LLC bought a new position in Fortune Brands Home & Security during the fourth quarter worth about $444,000. Institutional investors own 85.46% of the company’s stock.

Fortune Brands Home & Security Stock Down 2.9 %

Shares of Fortune Brands Home & Security stock opened at $55.64 on Friday. The firm has a market cap of $7.20 billion, a PE ratio of 10.06, a P/E/G ratio of 1.26 and a beta of 1.57. Fortune Brands Home & Security, Inc. has a 52-week low of $55.58 and a 52-week high of $109.23. The business’s 50 day simple moving average is $64.77 and its 200 day simple moving average is $68.53. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.12 and a current ratio of 2.13.

Fortune Brands Home & Security (NYSE:FBHSGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The industrial products company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.09. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.04 billion. Fortune Brands Home & Security had a return on equity of 26.19% and a net margin of 9.41%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 EPS. On average, analysts predict that Fortune Brands Home & Security, Inc. will post 6.42 earnings per share for the current fiscal year.

Fortune Brands Home & Security Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Friday, August 26th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Thursday, August 25th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 20.25%.

Insiders Place Their Bets

In other Fortune Brands Home & Security news, Director A D. David Mackay sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $60.00, for a total transaction of $120,000.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at approximately $360,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group dropped their price target on Fortune Brands Home & Security from $102.00 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on Fortune Brands Home & Security in a research report on Wednesday, August 17th. They set a “buy” rating and a $100.00 price target on the stock. Robert W. Baird raised their price target on Fortune Brands Home & Security to $80.00 in a research report on Monday, July 25th. UBS Group dropped their price target on Fortune Brands Home & Security from $134.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Finally, Wells Fargo & Company dropped their price target on Fortune Brands Home & Security from $76.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $90.29.

Fortune Brands Home & Security Profile

(Get Rating)

Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and Shaws brands in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.

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

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