South Dakota Investment Council Sells 1,200 Shares of Fortune Brands Home & Security Inc (NYSE:FBHS)

South Dakota Investment Council lowered its holdings in Fortune Brands Home & Security Inc (NYSE:FBHS) by 36.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,100 shares of the industrial products company’s stock after selling 1,200 shares during the period. South Dakota Investment Council’s holdings in Fortune Brands Home & Security were worth $120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FBHS. JPMorgan Chase & Co. grew its position in Fortune Brands Home & Security by 9.1% in the second quarter. JPMorgan Chase & Co. now owns 8,507,936 shares of the industrial products company’s stock valued at $476,103,000 after purchasing an additional 706,944 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Fortune Brands Home & Security by 26.7% in the first quarter. Wells Fargo & Company MN now owns 1,643,681 shares of the industrial products company’s stock valued at $78,256,000 after acquiring an additional 346,613 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Fortune Brands Home & Security in the second quarter valued at $19,282,000. Artemis Investment Management LLP acquired a new stake in Fortune Brands Home & Security in the second quarter valued at $14,121,000. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in Fortune Brands Home & Security by 29.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,118,878 shares of the industrial products company’s stock valued at $53,270,000 after acquiring an additional 252,340 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

In other news, Director A D. David Mackay sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $50.40, for a total transaction of $504,000.00. Following the completion of the sale, the director now owns 11,532 shares in the company, valued at approximately $581,212.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $56.74, for a total transaction of $283,700.00. Following the sale, the director now owns 11,589 shares of the company’s stock, valued at approximately $657,559.86. The disclosure for this sale can be found here. Company insiders own 1.63% of the company’s stock.



FBHS has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 price target for the company. in a research note on Monday, August 5th. TheStreet upgraded shares of Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research note on Friday, June 28th. ValuEngine cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Finally, Loop Capital cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 price target for the company. in a research note on Tuesday, July 2nd. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $53.00.

Shares of NYSE FBHS traded up $0.10 during mid-day trading on Friday, reaching $54.35. 36,749 shares of the company were exchanged, compared to its average volume of 820,912. The company’s 50-day simple moving average is $51.87 and its 200-day simple moving average is $51.43. The company has a quick ratio of 0.69, a current ratio of 1.13 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $7.49 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.63 and a beta of 1.52. Fortune Brands Home & Security Inc has a twelve month low of $35.27 and a twelve month high of $58.15.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Thursday, August 1st. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.03. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Fortune Brands Home & Security had a net margin of 7.22% and a return on equity of 21.81%. Fortune Brands Home & Security’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. As a group, equities research analysts expect that Fortune Brands Home & Security Inc will post 3.6 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Thursday, August 29th. Fortune Brands Home & Security’s dividend payout ratio is presently 26.35%.

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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