Fortune Brands Home & Security Inc (NYSE:FBHS) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. trimmed its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,653,182 shares of the industrial products company’s stock after selling 38,106 shares during the period. Eagle Asset Management Inc. owned 1.18% of Fortune Brands Home & Security worth $90,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Gateway Investment Advisers LLC increased its position in shares of Fortune Brands Home & Security by 2.7% in the 2nd quarter. Gateway Investment Advisers LLC now owns 7,494 shares of the industrial products company’s stock valued at $428,000 after acquiring an additional 194 shares during the period. Boston Private Wealth LLC increased its position in shares of Fortune Brands Home & Security by 1.6% in the 2nd quarter. Boston Private Wealth LLC now owns 12,241 shares of the industrial products company’s stock valued at $699,000 after acquiring an additional 196 shares during the period. State of Michigan Retirement System boosted its holdings in Fortune Brands Home & Security by 0.6% in the third quarter. State of Michigan Retirement System now owns 33,664 shares of the industrial products company’s stock valued at $1,841,000 after purchasing an additional 200 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in Fortune Brands Home & Security by 10.4% in the third quarter. First Mercantile Trust Co. now owns 2,202 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 208 shares during the last quarter. Finally, United Services Automobile Association boosted its holdings in Fortune Brands Home & Security by 0.6% in the second quarter. United Services Automobile Association now owns 47,422 shares of the industrial products company’s stock valued at $2,709,000 after purchasing an additional 264 shares during the last quarter. 88.46% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on FBHS. Robert W. Baird upped their price target on shares of Fortune Brands Home & Security from $65.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Nomura lowered their price target on shares of Fortune Brands Home & Security from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, October 24th. SunTrust Banks raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and upped their price target for the company from $58.00 to $75.00 in a report on Monday, October 28th. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $64.00 price target on the stock in a report on Friday, October 25th. Finally, ValuEngine lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $58.70.

In related news, VP Danny Luburic sold 7,500 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $61.09, for a total value of $458,175.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider David Randich sold 11,906 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $60.96, for a total transaction of $725,789.76. The disclosure for this sale can be found here. Corporate insiders own 1.63% of the company’s stock.

Shares of FBHS stock traded up $0.50 during mid-day trading on Friday, hitting $62.06. 478,752 shares of the stock were exchanged, compared to its average volume of 1,402,286. The firm has a fifty day moving average of $57.34 and a 200 day moving average of $54.07. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 0.89. Fortune Brands Home & Security Inc has a 52-week low of $35.27 and a 52-week high of $62.60. The company has a market cap of $8.63 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 1.94 and a beta of 1.53.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.02). Fortune Brands Home & Security had a return on equity of 21.55% and a net margin of 7.23%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. Equities analysts predict that Fortune Brands Home & Security Inc will post 3.57 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, November 27th. Fortune Brands Home & Security’s payout ratio is currently 26.35%.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Cabinets, Plumbing, and Doors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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

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