Lazard Asset Management LLC Raises Stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS)

Lazard Asset Management LLC raised its position in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHSGet Rating) by 22.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,985 shares of the industrial products company’s stock after purchasing an additional 5,932 shares during the quarter. Lazard Asset Management LLC’s holdings in Fortune Brands Home & Security were worth $1,915,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Fortune Brands Home & Security by 1.7% during the first quarter. Vanguard Group Inc. now owns 14,828,010 shares of the industrial products company’s stock valued at $1,101,425,000 after buying an additional 250,898 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Fortune Brands Home & Security by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,924,726 shares of the industrial products company’s stock valued at $143,007,000 after buying an additional 28,663 shares during the last quarter. Northern Trust Corp raised its position in shares of Fortune Brands Home & Security by 0.3% during the first quarter. Northern Trust Corp now owns 1,483,749 shares of the industrial products company’s stock valued at $110,213,000 after buying an additional 4,895 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of Fortune Brands Home & Security by 0.5% during the first quarter. Eagle Asset Management Inc. now owns 1,424,624 shares of the industrial products company’s stock valued at $105,821,000 after buying an additional 6,454 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Fortune Brands Home & Security by 11.9% during the first quarter. Bank of New York Mellon Corp now owns 1,370,551 shares of the industrial products company’s stock valued at $101,804,000 after buying an additional 145,603 shares during the last quarter. Hedge funds and other institutional investors own 85.46% of the company’s stock.

Insider Activity

In other news, Director A D. David Mackay sold 2,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 6,000 shares of the company’s stock, valued at $360,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

FBHS has been the topic of several recent analyst reports. Robert W. Baird lifted their price objective on shares of Fortune Brands Home & Security from $65.00 to $70.00 in a research report on Thursday, October 27th. Credit Suisse Group reduced their price target on shares of Fortune Brands Home & Security from $62.00 to $57.00 and set a “neutral” rating on the stock in a research report on Thursday, October 27th. StockNews.com began coverage on shares of Fortune Brands Home & Security in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. UBS Group reduced their price target on shares of Fortune Brands Home & Security from $134.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Finally, Bank of America reduced their price target on shares of Fortune Brands Home & Security from $70.00 to $60.00 in a research report on Tuesday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Fortune Brands Home & Security currently has an average rating of “Hold” and a consensus target price of $81.00.

Fortune Brands Home & Security Stock Down 2.7 %

NYSE FBHS opened at $63.93 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.47 and a debt-to-equity ratio of 0.92. The company has a fifty day moving average of $58.71 and a two-hundred day moving average of $63.37. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.66 and a beta of 1.56. Fortune Brands Home & Security, Inc. has a 52 week low of $52.95 and a 52 week high of $109.10.

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

Fortune Brands Home & Security Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Friday, November 25th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, November 23rd. Fortune Brands Home & Security’s dividend payout ratio is currently 19.82%.

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

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

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