Swiss National Bank Sells 16,700 Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS)

Swiss National Bank cut its position in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 3.0% in the third quarter, Holdings Channel reports. The institutional investor owned 536,883 shares of the industrial products company’s stock after selling 16,700 shares during the period. Swiss National Bank’s holdings in Fortune Brands Home & Security were worth $46,451,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Baird Financial Group Inc. grew its holdings in shares of Fortune Brands Home & Security by 13.3% during the second quarter. Baird Financial Group Inc. now owns 14,223 shares of the industrial products company’s stock worth $922,000 after buying an additional 1,674 shares in the last quarter. DAVENPORT & Co LLC bought a new position in Fortune Brands Home & Security in the second quarter valued at approximately $262,000. Brinker Capital Inc. grew its stake in Fortune Brands Home & Security by 0.9% in the second quarter. Brinker Capital Inc. now owns 35,988 shares of the industrial products company’s stock valued at $2,301,000 after purchasing an additional 314 shares in the last quarter. State of Michigan Retirement System grew its stake in Fortune Brands Home & Security by 12.0% in the second quarter. State of Michigan Retirement System now owns 35,691 shares of the industrial products company’s stock valued at $2,282,000 after purchasing an additional 3,827 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Fortune Brands Home & Security by 3.7% in the third quarter. Wells Fargo & Company MN now owns 793,711 shares of the industrial products company’s stock valued at $68,672,000 after purchasing an additional 28,446 shares in the last quarter. Institutional investors and hedge funds own 87.38% of the company’s stock.

FBHS has been the subject of a number of analyst reports. Royal Bank of Canada raised their price target on Fortune Brands Home & Security from $77.00 to $85.00 and gave the company a “sector perform” rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. raised their price target on Fortune Brands Home & Security from $93.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday. SunTrust Banks raised their price target on Fortune Brands Home & Security from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Jefferies Financial Group raised their price target on Fortune Brands Home & Security from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, KeyCorp upgraded Fortune Brands Home & Security from a “sector weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Thursday, September 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $77.83.

NYSE:FBHS opened at $84.46 on Friday. The stock has a market cap of $11.73 billion, a P/E ratio of 24.06, a PEG ratio of 2.31 and a beta of 1.78. The stock has a 50 day simple moving average of $85.79 and a 200 day simple moving average of $74.57. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.79. Fortune Brands Home & Security, Inc. has a 1-year low of $33.90 and a 1-year high of $92.59.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.13. Fortune Brands Home & Security had a return on equity of 22.37% and a net margin of 8.36%. As a group, sell-side analysts forecast that Fortune Brands Home & Security, Inc. will post 4.1 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Friday, November 27th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $0.96 annualized dividend and a yield of 1.14%. Fortune Brands Home & Security’s dividend payout ratio is presently 26.67%.

Fortune Brands Home & Security declared that its Board of Directors has authorized a stock buyback plan on Monday, September 21st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other Fortune Brands Home & Security news, Chairman Christopher J. Klein sold 108,200 shares of Fortune Brands Home & Security stock in a transaction on Friday, October 30th. The stock was sold at an average price of $80.21, for a total value of $8,678,722.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.45% of the stock is owned by insiders.

Fortune Brands Home & Security 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 under the Diamond, Aristokraft, Mid-Continent, Kitchen Craft, Homecrest, Omega, StarMark, Ultracraft, Kemper, Schrock, Decora, and Mantra brand names.

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

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