First Mercantile Trust Co. Lowers Position in Fortune Brands Home & Security Inc (NYSE:FBHS)


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First Mercantile Trust Co. reduced its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 16.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,994 shares of the industrial products company’s stock after selling 381 shares during the period. First Mercantile Trust Co.’s holdings in Fortune Brands Home & Security were worth $114,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of FBHS. Keeley Teton Advisors LLC grew its stake in shares of Fortune Brands Home & Security by 22.5% during the second quarter. Keeley Teton Advisors LLC now owns 85,940 shares of the industrial products company’s stock worth $4,910,000 after buying an additional 15,805 shares during the last quarter. Crewe Advisors LLC lifted its holdings in shares of Fortune Brands Home & Security by 661.7% during the second quarter. Crewe Advisors LLC now owns 4,898 shares of the industrial products company’s stock worth $280,000 after purchasing an additional 4,255 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fortune Brands Home & Security by 3.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 918,976 shares of the industrial products company’s stock worth $52,502,000 after purchasing an additional 31,322 shares during the period. MUFG Americas Holdings Corp lifted its holdings in shares of Fortune Brands Home & Security by 8.6% during the second quarter. MUFG Americas Holdings Corp now owns 4,425 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 350 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Fortune Brands Home & Security during the second quarter worth $300,000. Hedge funds and other institutional investors own 87.88% of the company’s stock.

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

Shares of FBHS stock opened at $54.45 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.69 and a debt-to-equity ratio of 0.77. Fortune Brands Home & Security Inc has a 12 month low of $35.27 and a 12 month high of $58.15. The stock has a market capitalization of $7.60 billion, a P/E ratio of 16.30, a PEG ratio of 1.65 and a beta of 1.52. The firm’s 50 day moving average is $51.85 and its 200 day moving average is $51.46.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.03 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.03. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.53 billion. Fortune Brands Home & Security had a net margin of 7.22% and a return on equity of 21.81%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 EPS. On average, equities analysts predict that Fortune Brands Home & Security Inc will post 3.6 EPS for the current year.

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

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

Fortune Brands Home & Security Company Profile

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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