Fortune Brands Home & Security Inc (NYSE:FBHS) Stake Lowered by AGF Investments Inc.

AGF Investments Inc. trimmed its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 500,175 shares of the industrial products company’s stock after selling 23,538 shares during the quarter. AGF Investments Inc. owned 0.33% of Fortune Brands Home & Security worth $33,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of FBHS. Acrospire Investment Management LLC raised its stake in shares of Fortune Brands Home & Security by 60.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 600 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fortune Brands Home & Security by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 23 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Fortune Brands Home & Security by 1.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 40 shares during the period. Global X Management Co. LLC raised its stake in shares of Fortune Brands Home & Security by 13.2% during the 2nd quarter. Global X Management Co. LLC now owns 2,385 shares of the industrial products company’s stock worth $156,000 after purchasing an additional 279 shares during the period. Finally, Stephens Inc. AR bought a new stake in shares of Fortune Brands Home & Security during the 2nd quarter worth $201,000. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider E Lee Wyatt sold 2,600 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $65.11, for a total transaction of $169,286.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher J. Klein sold 85,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $67.13, for a total value of $5,706,050.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,000 shares of company stock worth $8,046,670. Company insiders own 1.61% of the company’s stock.

FBHS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. BidaskClub upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Robert W. Baird reiterated a “buy” rating and set a $72.00 target price on shares of Fortune Brands Home & Security in a research note on Tuesday, October 24th. Royal Bank Of Canada reiterated a “buy” rating and set a $75.00 target price on shares of Fortune Brands Home & Security in a research note on Monday, September 25th. Finally, J P Morgan Chase & Co lifted their target price on Fortune Brands Home & Security from $70.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Fortune Brands Home & Security presently has an average rating of “Hold” and an average target price of $69.86.

Shares of Fortune Brands Home & Security Inc (NYSE FBHS) traded down $0.41 during trading on Wednesday, reaching $68.48. The company had a trading volume of 966,100 shares, compared to its average volume of 1,055,018. Fortune Brands Home & Security Inc has a fifty-two week low of $53.15 and a fifty-two week high of $69.61. The company has a market cap of $10,457.56, a PE ratio of 23.04, a P/E/G ratio of 2.15 and a beta of 1.42. The company has a quick ratio of 1.17, a current ratio of 1.87 and a debt-to-equity ratio of 0.57.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the business posted $0.80 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. research analysts predict that Fortune Brands Home & Security Inc will post 3.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 24th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, November 22nd. Fortune Brands Home & Security’s dividend payout ratio is presently 24.83%.

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Fortune Brands Home & Security Profile

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

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

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