180 Wealth Advisors LLC Boosts Position in Fortune Brands Home & Security, Inc. (NYSE:FBHS)

180 Wealth Advisors LLC increased its stake in Fortune Brands Home & Security, Inc. (NYSE:FBHSGet Rating) by 53.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,506 shares of the industrial products company’s stock after buying an additional 1,572 shares during the period. 180 Wealth Advisors LLC’s holdings in Fortune Brands Home & Security were worth $278,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. DnB Asset Management AS grew its holdings in Fortune Brands Home & Security by 13.7% during the 2nd quarter. DnB Asset Management AS now owns 49,457 shares of the industrial products company’s stock worth $2,961,000 after acquiring an additional 5,954 shares in the last quarter. Confluence Investment Management LLC grew its holdings in Fortune Brands Home & Security by 12.8% during the 2nd quarter. Confluence Investment Management LLC now owns 685,877 shares of the industrial products company’s stock worth $41,070,000 after acquiring an additional 77,836 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Fortune Brands Home & Security by 433.9% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,950 shares of the industrial products company’s stock worth $1,111,000 after acquiring an additional 12,150 shares in the last quarter. Verition Fund Management LLC grew its holdings in Fortune Brands Home & Security by 203.1% during the 1st quarter. Verition Fund Management LLC now owns 29,448 shares of the industrial products company’s stock worth $2,187,000 after acquiring an additional 19,732 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Fortune Brands Home & Security by 35.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,200 shares of the industrial products company’s stock worth $1,130,000 after acquiring an additional 4,013 shares in the last quarter. Hedge funds and other institutional investors own 85.46% of the company’s stock.

Insiders Place Their Bets

In other Fortune Brands Home & Security news, Director A D. David Mackay sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $60.00, for a total transaction of $120,000.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $360,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.97% of the stock is currently owned by insiders.

Fortune Brands Home & Security Stock Down 0.2 %

FBHS stock opened at $59.98 on Monday. The firm has a 50 day moving average of $65.10 and a 200 day moving average of $69.02. The stock has a market capitalization of $7.76 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 1.29 and a beta of 1.57. The company has a quick ratio of 1.12, a current ratio of 2.13 and a debt-to-equity ratio of 1.14. Fortune Brands Home & Security, Inc. has a 52 week low of $56.86 and a 52 week high of $109.23.

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

Fortune Brands Home & Security Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Friday, August 26th were 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 was Thursday, August 25th. Fortune Brands Home & Security’s dividend payout ratio is presently 20.25%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FBHS. BMO Capital Markets dropped their target price on shares of Fortune Brands Home & Security from $115.00 to $90.00 in a report on Friday, July 29th. StockNews.com cut shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. JPMorgan Chase & Co. lowered their price target on shares of Fortune Brands Home & Security from $84.00 to $77.00 in a report on Friday, July 15th. TheStreet cut shares of Fortune Brands Home & Security from a “b-” rating to a “c+” rating in a report on Tuesday, July 5th. Finally, Robert W. Baird raised their price target on shares of Fortune Brands Home & Security to $80.00 in a report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.29.

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.

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

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