Kentucky Retirement Systems Insurance Trust Fund Raises Stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS)

Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHSGet Rating) by 11.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,469 shares of the industrial products company’s stock after purchasing an additional 463 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Fortune Brands Home & Security were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC increased its position in shares of Fortune Brands Home & Security by 40.2% during the second quarter. Advisory Services Network LLC now owns 18,440 shares of the industrial products company’s stock valued at $1,104,000 after buying an additional 5,289 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Fortune Brands Home & Security by 2.6% in the first quarter. Mercer Global Advisors Inc. ADV now owns 73,799 shares of the industrial products company’s stock worth $5,482,000 after buying an additional 1,865 shares in the last quarter. Keybank National Association OH boosted its stake in Fortune Brands Home & Security by 3.5% in the second quarter. Keybank National Association OH now owns 15,162 shares of the industrial products company’s stock worth $908,000 after buying an additional 519 shares in the last quarter. First National Bank of Omaha boosted its stake in Fortune Brands Home & Security by 41.4% in the first quarter. First National Bank of Omaha now owns 14,449 shares of the industrial products company’s stock worth $1,073,000 after buying an additional 4,227 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Fortune Brands Home & Security by 42.9% during the first quarter. Signaturefd LLC now owns 923 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 277 shares during the period. 85.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group dropped their price objective on Fortune Brands Home & Security from $134.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Robert W. Baird increased their price objective on Fortune Brands Home & Security from $65.00 to $70.00 in a report on Thursday, October 27th. Credit Suisse Group reduced their price target on Fortune Brands Home & Security from $62.00 to $57.00 and set a “neutral” rating for the company in a report on Thursday, October 27th. BMO Capital Markets reduced their price objective on Fortune Brands Home & Security from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, October 31st. Finally, StockNews.com began coverage on Fortune Brands Home & Security in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $81.00.

Fortune Brands Home & Security Stock Up 2.4 %

Shares of FBHS opened at $67.25 on Friday. The business’s 50 day moving average is $58.38 and its 200 day moving average is $63.52. The company has a market capitalization of $8.62 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 1.44 and a beta of 1.56. Fortune Brands Home & Security, Inc. has a 12-month low of $52.95 and a 12-month high of $109.23. 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 (NYSE:FBHSGet Rating) last issued its earnings results on Wednesday, October 26th. The industrial products company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.07. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.09 billion. Fortune Brands Home & Security had a return on equity of 27.08% and a net margin of 9.35%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $1.49 EPS. Research analysts expect that Fortune Brands Home & Security, Inc. will post 6.25 earnings per share for the current fiscal year.

Fortune Brands Home & Security Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Friday, November 25th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, November 23rd. Fortune Brands Home & Security’s payout ratio is 19.82%.

Insiders Place Their Bets

In other Fortune Brands Home & Security news, Director A D. David Mackay sold 2,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $60.00, for a total value of $120,000.00. Following the sale, the director now owns 6,000 shares of the company’s stock, valued at approximately $360,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.97% of the company’s stock.

About Fortune Brands Home & Security

(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.

Further Reading

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

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