First Midwest Bank Trust Division acquired a new stake in Fortune Brands Home & Security Inc (NYSE:FBHS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,090 shares of the industrial products company’s stock, valued at approximately $202,000.

Several other hedge funds have also recently made changes to their positions in the company. Marshall Wace North America L.P. bought a new position in Fortune Brands Home & Security in the first quarter worth about $54,000. First Trust Advisors LP boosted its holdings in shares of Fortune Brands Home & Security by 13.9% in the 1st quarter. First Trust Advisors LP now owns 116,190 shares of the industrial products company’s stock worth $5,532,000 after buying an additional 14,139 shares during the last quarter. Man Group plc purchased a new stake in Fortune Brands Home & Security during the second quarter valued at about $2,420,000. AQR Capital Management LLC lifted its holdings in Fortune Brands Home & Security by 83.6% during the second quarter. AQR Capital Management LLC now owns 23,537 shares of the industrial products company’s stock valued at $1,332,000 after purchasing an additional 10,718 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Fortune Brands Home & Security by 60.0% during the second quarter. Morgan Stanley now owns 608,081 shares of the industrial products company’s stock valued at $34,741,000 after purchasing an additional 228,042 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

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Shares of FBHS stock opened at $69.51 on Friday. Fortune Brands Home & Security Inc has a 1 year low of $41.43 and a 1 year high of $70.85. The firm’s 50 day moving average is $66.38 and its 200-day moving average is $58.70. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 1.89 and a beta of 1.53. The company has a current ratio of 1.39, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.02). Fortune Brands Home & Security had a return on equity of 21.55% and a net margin of 7.23%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. Fortune Brands Home & Security’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that Fortune Brands Home & Security Inc will post 3.58 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Friday, February 28th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.38%. This is a positive change from Fortune Brands Home & Security’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, February 27th. Fortune Brands Home & Security’s dividend payout ratio is presently 26.35%.

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Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $69.00 price target for the company in a report on Monday, December 30th. Goldman Sachs Group initiated coverage on shares of Fortune Brands Home & Security in a research note on Friday, December 6th. They issued a “buy” rating and a $74.00 price objective for the company. SunTrust Banks raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and boosted their target price for the stock from $58.00 to $75.00 in a research report on Monday, October 28th. Jefferies Financial Group boosted their target price on shares of Fortune Brands Home & Security from $67.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada lowered shares of Fortune Brands Home & Security from an “outperform” rating to a “sector perform” rating and set a $67.00 price objective for the company. in a research report on Tuesday, December 17th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $66.91.

In other Fortune Brands Home & Security news, insider David Randich sold 11,906 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $60.96, for a total value of $725,789.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Christopher J. Klein sold 80,439 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.07, for a total transaction of $5,073,287.73. The disclosure for this sale can be found here. Insiders have sold 255,262 shares of company stock worth $16,038,545 over the last quarter. 1.63% of the stock is owned by company insiders.

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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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