Connor Clark & Lunn Investment Management Ltd. Makes New $1.63 Million Investment in Fortune Brands Home & Security, Inc. (NYSE:FBHS)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Fortune Brands Home & Security, Inc. (NYSE:FBHSGet Rating) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,293 shares of the industrial products company’s stock, valued at approximately $1,634,000.

Several other large investors have also recently bought and sold shares of the business. Huntington National Bank raised its position in Fortune Brands Home & Security by 1.4% in the first quarter. Huntington National Bank now owns 11,336 shares of the industrial products company’s stock worth $842,000 after acquiring an additional 158 shares in the last quarter. Sargent Bickham Lagudis LLC raised its position in Fortune Brands Home & Security by 49.8% in the first quarter. Sargent Bickham Lagudis LLC now owns 478 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 159 shares in the last quarter. Cerity Partners LLC grew its holdings in Fortune Brands Home & Security by 3.8% in the first quarter. Cerity Partners LLC now owns 4,507 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 166 shares during the last quarter. Parallel Advisors LLC grew its holdings in Fortune Brands Home & Security by 16.5% in the second quarter. Parallel Advisors LLC now owns 1,238 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 175 shares during the last quarter. Finally, Grimes & Company Inc. grew its holdings in Fortune Brands Home & Security by 4.6% in the first quarter. Grimes & Company Inc. now owns 4,373 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 85.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FBHS. StockNews.com began coverage on Fortune Brands Home & Security in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. lowered their target price on Fortune Brands Home & Security from $84.00 to $77.00 in a report on Friday, July 15th. Robert W. Baird upped their target price on Fortune Brands Home & Security from $65.00 to $70.00 in a report on Thursday, October 27th. BMO Capital Markets lowered their target price on Fortune Brands Home & Security from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, October 31st. Finally, Bank of America decreased their price objective on Fortune Brands Home & Security from $70.00 to $60.00 in a research note on Tuesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $81.00.

Fortune Brands Home & Security Stock Up 1.8 %

Shares of NYSE:FBHS opened at $58.47 on Tuesday. The stock’s 50-day moving average price is $58.39 and its two-hundred day moving average price is $63.83. The company has a current ratio of 1.47, a quick ratio of 0.74 and a debt-to-equity ratio of 0.92. Fortune Brands Home & Security, Inc. has a 12-month low of $52.95 and a 12-month high of $109.23. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 1.42 and a beta of 1.56.

Fortune Brands Home & Security (NYSE:FBHSGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The industrial products company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.07. Fortune Brands Home & Security had a return on equity of 27.08% and a net margin of 9.35%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the company earned $1.49 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. On average, research analysts forecast that Fortune Brands Home & Security, Inc. will post 6.25 EPS for the current year.

Fortune Brands Home & Security Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Friday, November 25th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.92%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 19.82%.

Insider Transactions at Fortune Brands Home & Security

In other news, Director A D. David Mackay sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $60.00, for a total value of $120,000.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $360,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.97% of the company’s stock.

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.

Read More

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

Receive News & Ratings for Fortune Brands Home & Security Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security and related companies with MarketBeat.com's FREE daily email newsletter.