Fortune Brands Home & Security Inc (NYSE:FBHS) Shares Purchased by BlackRock Inc.


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BlackRock Inc. increased its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,383,870 shares of the industrial products company’s stock after acquiring an additional 16,903 shares during the quarter. BlackRock Inc. owned about 7.42% of Fortune Brands Home & Security worth $593,230,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Westside Investment Management Inc. purchased a new stake in shares of Fortune Brands Home & Security in the second quarter valued at about $27,000. Berman Capital Advisors LLC raised its position in Fortune Brands Home & Security by 454.7% during the first quarter. Berman Capital Advisors LLC now owns 588 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 482 shares during the last quarter. Cornerstone Advisors Inc. raised its position in 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 acquiring an additional 204 shares during the last quarter. Crewe Advisors LLC acquired a new position in Fortune Brands Home & Security during the first quarter worth about $31,000. Finally, Bremer Bank National Association acquired a new position in Fortune Brands Home & Security during the first quarter worth about $32,000. Hedge funds and other institutional investors own 87.88% of the company’s stock.

A number of equities analysts have recently weighed in on FBHS shares. ValuEngine lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Loop Capital lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price objective for the company. in a research 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. Finally, Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 target price for the company. in a report on Monday, August 5th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $53.00.

Shares of FBHS opened at $53.06 on Friday. Fortune Brands Home & Security Inc has a 52-week low of $35.27 and a 52-week high of $58.15. The company has a quick ratio of 0.69, a current ratio of 1.13 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $51.61 and a 200 day moving average price of $51.63. The firm has a market capitalization of $7.38 billion, a PE ratio of 15.29, a P/E/G ratio of 1.61 and a beta of 1.52.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.03 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 company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Fortune Brands Home & Security Inc will post 3.6 EPS for the current year.

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

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

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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