security

Fortune Brands Home & Security Inc (FBHS) Holdings Increased by Sumitomo Mitsui Asset Management Company LTD – Tech Know Bits


Sumitomo Mitsui Asset Management Company LTD boosted its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 3.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,238 shares of the industrial products company’s stock after purchasing an additional 385 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Fortune Brands Home & Security were worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FBHS. Norges Bank purchased a new stake in shares of Fortune Brands Home & Security during the 4th quarter valued at $58,147,000. FMR LLC raised its position in shares of Fortune Brands Home & Security by 44.9% during the 4th quarter. FMR LLC now owns 3,002,891 shares of the industrial products company’s stock valued at $114,079,000 after buying an additional 929,793 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Fortune Brands Home & Security by 156.3% during the 4th quarter. Two Sigma Advisers LP now owns 757,384 shares of the industrial products company’s stock valued at $28,773,000 after buying an additional 461,912 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Fortune Brands Home & Security by 40.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,539,338 shares of the industrial products company’s stock valued at $58,478,000 after buying an additional 445,041 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its position in shares of Fortune Brands Home & Security by 33.0% during the 1st quarter. Eagle Asset Management Inc. now owns 1,775,072 shares of the industrial products company’s stock valued at $84,511,000 after buying an additional 440,020 shares in the last quarter. Institutional investors and hedge funds own 86.11% of the company’s stock.

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Several research firms have recently weighed in on FBHS. Bank of America upgraded shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $64.00 in a research report on Monday, May 6th. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Monday, April 29th. ValuEngine upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Royal Bank of Canada raised their price target on shares of Fortune Brands Home & Security to $56.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, SunTrust Banks lifted their target price on shares of Fortune Brands Home & Security to $50.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $54.20.

In other Fortune Brands Home & Security news, insider David Randich sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $53.00, for a total value of $1,060,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brian C. Lantz sold 2,192 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $52.55, for a total transaction of $115,189.60. The disclosure for this sale can be found here. Insiders have sold 25,247 shares of company stock valued at $1,338,571 over the last 90 days. 1.63% of the stock is currently owned by company insiders.

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NYSE FBHS traded up $0.23 during trading hours on Friday, hitting $52.67. 10,536 shares of the company’s stock traded hands, compared to its average volume of 1,590,559. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. Fortune Brands Home & Security Inc has a 52 week low of $35.27 and a 52 week high of $58.75.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Fortune Brands Home & Security had a net margin of 7.18% and a return on equity of 22.33%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 earnings per share. Sell-side analysts predict that Fortune Brands Home & Security Inc will post 3.66 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, May 31st will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.88 annualized dividend and a yield of 1.67%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.35%.

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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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