California Public Employees Retirement System decreased its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 2.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 386,386 shares of the industrial products company’s stock after selling 10,198 shares during the period. California Public Employees Retirement System owned 0.27% of Fortune Brands Home & Security worth $18,396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cornerstone Advisors Inc. increased its position in shares of Fortune Brands Home & Security by 47.0% in 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 in the last quarter. Grimes & Company Inc. bought a new stake in Fortune Brands Home & Security in the 1st quarter valued at about $201,000. Grisanti Capital Management LLC bought a new stake in Fortune Brands Home & Security in the 1st quarter valued at about $5,259,000. Comerica Bank lifted its position in Fortune Brands Home & Security by 400.9% in the 1st quarter. Comerica Bank now owns 214,620 shares of the industrial products company’s stock valued at $10,660,000 after purchasing an additional 171,770 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new stake in Fortune Brands Home & Security in the 1st quarter valued at about $248,000. 88.90% of the stock is currently owned by institutional investors and hedge funds.

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FBHS has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Loop Capital lifted their price objective on shares of Fortune Brands Home & Security to $44.00 and gave the company a “hold” rating in a research report on Friday, February 1st. Credit Suisse Group reiterated a “hold” rating and issued a $49.00 price objective on shares of Fortune Brands Home & Security in a research report on Thursday, February 7th. ValuEngine upgraded shares of Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 13th. Finally, Barclays downgraded shares of Fortune Brands Home & Security from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $45.00 to $44.00 in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $54.20.

Fortune Brands Home & Security stock opened at $52.79 on Friday. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 1.56 and a beta of 1.49. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.90 and a current ratio of 1.49. Fortune Brands Home & Security Inc has a 52 week low of $35.27 and a 52 week high of $58.75.

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Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Wednesday, April 24th. The industrial products company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Fortune Brands Home & Security had a net margin of 7.18% and a return on equity of 22.33%. Fortune Brands Home & Security’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.56 EPS. As a group, research analysts forecast that Fortune Brands Home & Security Inc will post 3.66 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st will be paid 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 payout ratio is 26.35%.

In other news, SVP Brian C. Lantz sold 3,055 shares of Fortune Brands Home & Security stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $53.48, for a total value of $163,381.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David Randich sold 20,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $53.00, for a total transaction of $1,060,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,247 shares of company stock worth $1,338,571. 1.63% of the stock is owned by corporate insiders.

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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 four segments: Cabinets, Plumbing, Doors, and 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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