Fortune Brands Home & Security Inc (NYSE:FBHS) Shares Bought by Commonwealth Bank of Australia


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Commonwealth Bank of Australia raised its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 636.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,775 shares of the industrial products company’s stock after buying an additional 1,534 shares during the quarter. Commonwealth Bank of Australia’s holdings in Fortune Brands Home & Security were worth $100,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FBHS. Geode Capital Management LLC increased its stake in Fortune Brands Home & Security by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 1,920,463 shares of the industrial products company’s stock valued at $72,834,000 after buying an additional 131,460 shares during the period. Cornerstone Advisors Inc. increased its stake in Fortune Brands Home & Security by 47.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock valued at $30,000 after buying an additional 204 shares during the period. Nissay Asset Management Corp Japan ADV increased its stake in Fortune Brands Home & Security by 2.8% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 12,814 shares of the industrial products company’s stock valued at $610,000 after buying an additional 347 shares during the period. Toronto Dominion Bank increased its stake in Fortune Brands Home & Security by 15.9% in the 1st quarter. Toronto Dominion Bank now owns 96,571 shares of the industrial products company’s stock valued at $4,597,000 after buying an additional 13,254 shares during the period. Finally, Moors & Cabot Inc. acquired a new position in Fortune Brands Home & Security in the 1st quarter valued at $248,000. 87.88% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on FBHS shares. 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. 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. 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 investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $53.00.

In related news, Director A D. David Mackay sold 10,000 shares of the 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 sale, the director now directly owns 11,532 shares of the company’s stock, valued at approximately $581,212.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction dated 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 owns 11,589 shares in the company, valued at $657,559.86. The disclosure for this sale can be found here. 1.63% of the stock is currently owned by corporate insiders.

NYSE:FBHS opened at $52.86 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.13 and a debt-to-equity ratio of 0.77. Fortune Brands Home & Security Inc has a fifty-two week low of $35.27 and a fifty-two week high of $58.15. The stock has a market cap of $7.48 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.63 and a beta of 1.52. The firm’s fifty day simple moving average is $51.66 and its 200-day simple moving average is $51.60.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Friday, August 30th were paid a $0.22 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.66%. Fortune Brands Home & Security’s payout ratio is 26.35%.

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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