Fortune Brands Home & Security, Inc. (NYSE:FBHS) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund trimmed its position in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHSGet Rating) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,966 shares of the industrial products company’s stock after selling 640 shares during the period. Texas Permanent School Fund’s holdings in Fortune Brands Home & Security were worth $1,016,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Fortune Brands Home & Security by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 14,828,010 shares of the industrial products company’s stock worth $1,101,425,000 after purchasing an additional 250,898 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Fortune Brands Home & Security by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,924,726 shares of the industrial products company’s stock valued at $143,007,000 after buying an additional 28,663 shares during the period. Northern Trust Corp boosted its stake in shares of Fortune Brands Home & Security by 0.3% during the 1st quarter. Northern Trust Corp now owns 1,483,749 shares of the industrial products company’s stock valued at $110,213,000 after buying an additional 4,895 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of Fortune Brands Home & Security by 0.5% during the 1st quarter. Eagle Asset Management Inc. now owns 1,424,624 shares of the industrial products company’s stock valued at $105,821,000 after buying an additional 6,454 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Fortune Brands Home & Security by 11.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,370,551 shares of the industrial products company’s stock valued at $101,804,000 after buying an additional 145,603 shares during the period. 85.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director A D. David Mackay sold 2,000 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $60.00, for a total value of $120,000.00. Following the completion of the transaction, the director now owns 6,000 shares of the company’s stock, valued at $360,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.97% of the stock is owned by company insiders.

Fortune Brands Home & Security Stock Up 0.8 %

FBHS stock opened at $64.41 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.47 and a quick ratio of 0.74. Fortune Brands Home & Security, Inc. has a 52-week low of $52.95 and a 52-week high of $109.00. The company has a 50-day moving average of $58.71 and a two-hundred day moving average of $63.25. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 1.58 and a beta of 1.56.

Fortune Brands Home & Security (NYSE:FBHSGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The industrial products company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.07. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.09 billion. Fortune Brands Home & Security had a net margin of 9.35% and a return on equity of 27.08%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.49 earnings per share. As a group, equities research analysts anticipate that Fortune Brands Home & Security, Inc. will post 6.25 EPS for the current year.

Fortune Brands Home & Security Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Friday, November 25th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 23rd. Fortune Brands Home & Security’s dividend payout ratio is currently 19.82%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group decreased their target price on shares of Fortune Brands Home & Security from $134.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. BMO Capital Markets decreased their target price on shares of Fortune Brands Home & Security from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, October 31st. Robert W. Baird upped their price objective on shares of Fortune Brands Home & Security from $65.00 to $70.00 in a report on Thursday, October 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Fortune Brands Home & Security from $100.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, October 20th. Finally, Bank of America decreased their price objective on shares of Fortune Brands Home & Security from $70.00 to $60.00 in a report on Tuesday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $81.00.

Fortune Brands Home & Security Profile

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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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