Bank of New York Mellon Corp Has $86.409 Million Stake in Fortune Brands Home & Security Inc (FBHS)

Bank of New York Mellon Corp increased its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 2.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,420,038 shares of the industrial products company’s stock after buying an additional 35,171 shares during the period. Bank of New York Mellon Corp owned approximately 0.91% of Fortune Brands Home & Security worth $86,409,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in FBHS. Welch Group LLC acquired a new position in Fortune Brands Home & Security during the first quarter valued at approximately $112,000. Northwest Quadrant Wealth Management LLC acquired a new position in Fortune Brands Home & Security during the fourth quarter valued at approximately $114,000. State of Alaska Department of Revenue acquired a new position in Fortune Brands Home & Security during the first quarter valued at approximately $126,000. Elgethun Capital Management acquired a new position in Fortune Brands Home & Security during the fourth quarter valued at approximately $132,000. Finally, Pacer Advisors Inc. boosted its position in Fortune Brands Home & Security by 15.7% in the third quarter. Pacer Advisors Inc. now owns 2,927 shares of the industrial products company’s stock valued at $170,000 after buying an additional 397 shares during the period. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Institutional Ownership by Quarter for Fortune Brands Home & Security (NYSE:FBHS)

Shares of Fortune Brands Home & Security Inc (NYSE:FBHS) traded up 1.11% during trading on Friday, reaching $63.54. The company had a trading volume of 372,657 shares. Fortune Brands Home & Security Inc has a 12 month low of $52.05 and a 12 month high of $66.01. The stock has a 50 day moving average price of $62.64 and a 200 day moving average price of $58.01. The firm has a market capitalization of $9.78 billion, a PE ratio of 23.19 and a beta of 1.27.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Fortune Brands Home & Security had a return on equity of 18.68% and a net margin of 8.18%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm earned $0.39 EPS. Fortune Brands Home & Security’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that Fortune Brands Home & Security Inc will post $3.10 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Friday, May 26th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Wednesday, May 24th. Fortune Brands Home & Security’s payout ratio is presently 24.71%.

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Several equities analysts have recently commented on FBHS shares. Zacks Investment Research cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Monday, April 24th. Jefferies Group LLC reiterated a “buy” rating and set a $67.00 target price on shares of Fortune Brands Home & Security in a research note on Monday, February 13th. Barclays PLC reiterated a “hold” rating and set a $62.00 target price on shares of Fortune Brands Home & Security in a research note on Friday, April 28th. Nomura started coverage on Fortune Brands Home & Security in a research note on Wednesday, April 12th. They set a “neutral” rating and a $65.00 target price for the company. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Fortune Brands Home & Security in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Fortune Brands Home & Security presently has a consensus rating of “Buy” and a consensus price target of $65.71.

In related news, insider David Randich sold 72,646 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $63.53, for a total value of $4,615,200.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Danny Luburic sold 3,700 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $63.00, for a total value of $233,100.00. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

5 Day Chart for NYSE:FBHS

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