Fortune Brands Home & Security Inc (NYSE:FBHS) Shares Acquired by Bank of New York Mellon Corp


X Scalper

Bank of New York Mellon Corp boosted its holdings in Fortune Brands Home & Security Inc (NYSE:FBHS) by 0.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,428,046 shares of the industrial products company’s stock after purchasing an additional 10,902 shares during the period. Bank of New York Mellon Corp owned about 1.02% of Fortune Brands Home & Security worth $81,583,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Westside Investment Management Inc. acquired a new stake in shares of Fortune Brands Home & Security during the second quarter worth approximately $27,000. Berman Capital Advisors LLC raised its stake in shares of Fortune Brands Home & Security by 454.7% in the 1st quarter. Berman Capital Advisors LLC now owns 588 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 482 shares in the last quarter. Bremer Bank National Association bought a new position in shares of Fortune Brands Home & Security during the first quarter worth about $32,000. Cornerstone Advisors Inc. lifted its position in shares of Fortune Brands Home & Security by 47.0% during the first quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 204 shares during the last quarter. Finally, Crewe Advisors LLC bought a new position in shares of Fortune Brands Home & Security during the first quarter worth about $31,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

FBHS has been the subject of several research analyst reports. Zacks Investment Research lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 price objective for the company. in a report on Monday, August 5th. TheStreet upgraded Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research note on Friday, June 28th. Loop Capital downgraded 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. Finally, ValuEngine lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Fortune Brands Home & Security has an average rating of “Hold” and an average price target of $53.00.

Fortune Brands Home & Security stock opened at $53.52 on Wednesday. Fortune Brands Home & Security Inc has a 1 year low of $35.27 and a 1 year high of $58.15. The firm’s 50-day moving average is $51.84 and its 200-day moving average is $51.41. 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 company has a market cap of $7.22 billion, a P/E ratio of 16.02, a PEG ratio of 1.57 and a beta of 1.52.

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 for the quarter, meeting analysts’ consensus estimates of $1.03. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.53 billion. Fortune Brands Home & Security had a net margin of 7.22% and a return on equity of 21.81%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 EPS. As a group, sell-side analysts predict that Fortune Brands Home & Security Inc will post 3.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Friday, August 30th will be issued a $0.22 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.64%. Fortune Brands Home & Security’s dividend payout ratio is currently 26.35%.

In other news, Director A D. David Mackay sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was 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 of the company’s stock, valued at $581,212.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $56.74, for a total value of $283,700.00. Following the sale, the director now owns 11,589 shares in the company, valued at $657,559.86. The disclosure for this sale can be found here. Insiders own 1.63% of the company’s stock.

Fortune Brands Home & Security 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.

See Also: What does a neutral rating on stocks mean?

Want to see what other hedge funds are holding FBHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortune Brands Home & Security Inc (NYSE:FBHS).

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.




Be the first to comment

Leave a Reply

Your email address will not be published.


*