Raymond James & Associates Decreases Stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS)

Raymond James & Associates reduced its stake in Fortune Brands Home & Security, Inc. (NYSE:FBHSGet Rating) by 35.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,025 shares of the industrial products company’s stock after selling 35,151 shares during the period. Raymond James & Associates’ holdings in Fortune Brands Home & Security were worth $4,756,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Clearstead Advisors LLC purchased a new position in shares of Fortune Brands Home & Security during the fourth quarter valued at approximately $27,000. Allworth Financial LP increased its stake in shares of Fortune Brands Home & Security by 128.1% during the first quarter. Allworth Financial LP now owns 463 shares of the industrial products company’s stock valued at $34,000 after buying an additional 260 shares during the period. Sargent Bickham Lagudis LLC increased its stake in shares of Fortune Brands Home & Security by 49.8% during the first quarter. Sargent Bickham Lagudis LLC now owns 478 shares of the industrial products company’s stock valued at $36,000 after buying an additional 159 shares during the period. CKW Financial Group bought a new stake in shares of Fortune Brands Home & Security during the first quarter valued at approximately $37,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Fortune Brands Home & Security during the first quarter valued at approximately $41,000. 85.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FBHS shares. TheStreet lowered Fortune Brands Home & Security from a “b-” rating to a “c+” rating in a research report on Tuesday, July 5th. The Goldman Sachs Group dropped their price target on Fortune Brands Home & Security from $102.00 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. StockNews.com lowered Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird lifted their price target on Fortune Brands Home & Security to $80.00 in a research report on Monday, July 25th. Finally, JPMorgan Chase & Co. dropped their price target on Fortune Brands Home & Security from $84.00 to $77.00 in a research report on Friday, July 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $90.29.

Fortune Brands Home & Security Trading Down 1.2 %

Shares of NYSE:FBHS opened at $59.84 on Wednesday. The company has a market cap of $7.74 billion, a P/E ratio of 10.76, a PEG ratio of 1.30 and a beta of 1.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.13 and a quick ratio of 1.12. Fortune Brands Home & Security, Inc. has a 1 year low of $56.86 and a 1 year high of $109.23. The stock’s fifty day moving average price is $65.18 and its 200-day moving average price is $71.25.

Fortune Brands Home & Security (NYSE:FBHSGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.09. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.04 billion. Fortune Brands Home & Security had a return on equity of 26.19% and a net margin of 9.41%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.56 earnings per share. Sell-side analysts expect that Fortune Brands Home & Security, Inc. will post 6.42 earnings per share for the current year.

Fortune Brands Home & Security Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Friday, August 26th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, August 25th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 20.25%.

Fortune Brands Home & Security Company Profile

(Get Rating)

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 under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and Shaws brands 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.

See Also

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

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