Brown Advisory Inc. Has $446,000 Stake in Fortune Brands Home & Security Inc (NYSE:FBHS)


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Brown Advisory Inc. decreased its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 7.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,795 shares of the industrial products company’s stock after selling 589 shares during the period. Brown Advisory Inc.’s holdings in Fortune Brands Home & Security were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Fortune Brands Home & Security by 9.1% during the second quarter. JPMorgan Chase & Co. now owns 8,507,936 shares of the industrial products company’s stock valued at $476,103,000 after purchasing an additional 706,944 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Fortune Brands Home & Security by 26.7% during the first quarter. Wells Fargo & Company MN now owns 1,643,681 shares of the industrial products company’s stock valued at $78,256,000 after purchasing an additional 346,613 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Fortune Brands Home & Security during the second quarter valued at approximately $19,282,000. Artemis Investment Management LLP bought a new stake in shares of Fortune Brands Home & Security during the second quarter valued at approximately $14,121,000. Finally, Amundi Pioneer Asset Management Inc. grew its stake in shares of Fortune Brands Home & Security by 29.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,118,878 shares of the industrial products company’s stock valued at $53,270,000 after purchasing an additional 252,340 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $56.74, for a total value of $283,700.00. Following the transaction, the director now directly owns 11,589 shares of the company’s stock, valued at $657,559.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director A D. David Mackay sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $50.40, for a total transaction of $504,000.00. Following the completion of the transaction, the director now directly owns 11,532 shares in the company, valued at $581,212.80. The disclosure for this sale can be found here. 1.63% of the stock is currently owned by company insiders.

FBHS has been the topic of several research analyst reports. Zacks Investment Research cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 price target on the stock. in a research note on Monday, August 5th. ValuEngine cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. TheStreet raised shares of Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research note on Friday, June 28th. Finally, Loop Capital cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price target on the stock. in a research note on Tuesday, July 2nd. Four research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $53.00.

Shares of FBHS stock opened at $54.45 on Friday. Fortune Brands Home & Security Inc has a 52-week low of $35.27 and a 52-week high of $58.15. The stock has a market cap of $7.66 billion, a PE ratio of 15.87, a PEG ratio of 1.67 and a beta of 1.52. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.69 and a current ratio of 1.13. The firm’s 50 day moving average price is $51.85 and its two-hundred day moving average price is $51.46.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.03. Fortune Brands Home & Security had a net margin of 7.22% and a return on equity of 21.81%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the firm earned $1.00 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Fortune Brands Home & Security Inc will post 3.6 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Friday, August 30th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.62%. Fortune Brands Home & Security’s payout ratio is presently 26.35%.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Cabinets, Plumbing, and Doors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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

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