State of Wisconsin Investment Board Boosts Holdings in Fortune Brands Home & Security, Inc. (FBHS)

State of Wisconsin Investment Board raised its holdings in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 47.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 198,740 shares of the industrial products company’s stock after purchasing an additional 64,256 shares during the period. State of Wisconsin Investment Board owned 0.13% of Fortune Brands Home & Security worth $13,361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sentry Investment Management LLC grew its position in shares of Fortune Brands Home & Security by 1.2% in the 2nd quarter. Sentry Investment Management LLC now owns 10,287 shares of the industrial products company’s stock worth $671,000 after buying an additional 122 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in Fortune Brands Home & Security by 20.2% in the 2nd quarter. Eagle Asset Management Inc. now owns 462,498 shares of the industrial products company’s stock worth $30,173,000 after purchasing an additional 77,800 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Fortune Brands Home & Security by 23.1% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,833 shares of the industrial products company’s stock worth $2,664,000 after purchasing an additional 7,654 shares in the last quarter. Toronto Dominion Bank boosted its stake in Fortune Brands Home & Security by 26.1% in the 2nd quarter. Toronto Dominion Bank now owns 52,123 shares of the industrial products company’s stock worth $3,400,000 after purchasing an additional 10,799 shares in the last quarter. Finally, Greenwood Capital Associates LLC boosted its stake in Fortune Brands Home & Security by 3.8% in the 2nd quarter. Greenwood Capital Associates LLC now owns 8,918 shares of the industrial products company’s stock worth $582,000 after purchasing an additional 330 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) opened at $64.43 on Tuesday. The stock has a market cap of $9,710.70, a PE ratio of 21.40, a PEG ratio of 2.00 and a beta of 1.41. Fortune Brands Home & Security, Inc. has a 1 year low of $53.15 and a 1 year high of $68.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.17 and a current ratio of 1.87.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Fortune Brands Home & Security had a net margin of 8.62% and a return on equity of 18.64%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. research analysts expect that Fortune Brands Home & Security, Inc. will post 3.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 24th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.72 annualized dividend and a dividend yield of 1.12%. Fortune Brands Home & Security’s dividend payout ratio is presently 24.83%.

In related news, CEO Christopher J. Klein sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $62.78, for a total transaction of $3,766,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider E Lee Wyatt sold 33,400 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $65.01, for a total transaction of $2,171,334.00. The disclosure for this sale can be found here. Insiders have sold 181,000 shares of company stock worth $11,813,470 in the last three months. Corporate insiders own 1.61% of the company’s stock.

Several analysts have commented on the stock. Wells Fargo & Company cut shares of Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price objective for the company. in a research note on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $78.00 target price on shares of Fortune Brands Home & Security in a report on Thursday, October 12th. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, July 20th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 target price on shares of Fortune Brands Home & Security in a report on Tuesday, July 18th. Finally, Robert W. Baird reissued a “buy” rating and issued a $72.00 price target on shares of Fortune Brands Home & Security in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $69.47.

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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.

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

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