Treasurer of the State of North Carolina Cuts Position in Fortune Brands Home & Security, Inc. (NYSE:FBHS)

Treasurer of the State of North Carolina cut its stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 0.3% in the 1st quarter, Holdings Channel reports. The fund owned 50,518 shares of the industrial products company’s stock after selling 130 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Fortune Brands Home & Security were worth $4,841,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Huntington National Bank lifted its stake in Fortune Brands Home & Security by 1.4% in the first quarter. Huntington National Bank now owns 7,306 shares of the industrial products company’s stock worth $700,000 after purchasing an additional 103 shares during the last quarter. Sawtooth Solutions LLC lifted its stake in Fortune Brands Home & Security by 1.1% in the fourth quarter. Sawtooth Solutions LLC now owns 10,762 shares of the industrial products company’s stock worth $922,000 after purchasing an additional 122 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Fortune Brands Home & Security by 1.4% in the fourth quarter. Baird Financial Group Inc. now owns 9,233 shares of the industrial products company’s stock worth $792,000 after purchasing an additional 125 shares during the last quarter. Crescent Capital Consulting LLC lifted its stake in Fortune Brands Home & Security by 7.2% in the first quarter. Crescent Capital Consulting LLC now owns 2,144 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 144 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Fortune Brands Home & Security by 17.5% in the first quarter. Parallel Advisors LLC now owns 1,032 shares of the industrial products company’s stock worth $99,000 after purchasing an additional 154 shares during the last quarter. Institutional investors own 86.55% of the company’s stock.

In related news, VP Danny Luburic sold 13,230 shares of the stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $113.72, for a total transaction of $1,504,515.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cheri M. Phyfer sold 3,348 shares of the stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $89.60, for a total value of $299,980.80. The disclosure for this sale can be found here. Insiders sold a total of 34,828 shares of company stock valued at $3,769,291 over the last three months. 1.45% of the stock is currently owned by insiders.

Shares of FBHS stock opened at $107.95 on Monday. 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 12-month low of $50.57 and a 12-month high of $114.00. The stock has a market capitalization of $14.96 billion, a P/E ratio of 30.76, a P/E/G ratio of 1.91 and a beta of 1.66. The firm’s 50 day moving average is $102.24 and its 200 day moving average is $90.48.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Wednesday, April 28th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.32. Fortune Brands Home & Security had a return on equity of 22.37% and a net margin of 8.36%. As a group, equities analysts predict that Fortune Brands Home & Security, Inc. will post 4.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 16th. Investors of record on Friday, May 28th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, May 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 28.89%.

Several brokerages have recently commented on FBHS. Wolfe Research began coverage on shares of Fortune Brands Home & Security in a research note on Monday, March 22nd. They set an “outperform” rating and a $99.00 price objective for the company. Credit Suisse Group upped their price objective on shares of Fortune Brands Home & Security from $91.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, February 3rd. Truist Securities upped their price objective on shares of Fortune Brands Home & Security from $107.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 6th. Truist upped their price objective on shares of Fortune Brands Home & Security from $107.00 to $125.00 in a research note on Friday, April 30th. Finally, Royal Bank of Canada upped their price objective on shares of Fortune Brands Home & Security from $99.00 to $114.00 and gave the company a “sector perform” rating in a research note on Friday, April 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $95.50.

Fortune Brands Home & Security Profile

Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.

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

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