Fortune Brands Home & Security, Inc. (FBHS) Stake Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 655,376 shares of the industrial products company’s stock after buying an additional 28,759 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Fortune Brands Home & Security were worth $39,880,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in Fortune Brands Home & Security by 1,433.3% in the first quarter. BlackRock Inc. now owns 12,580,467 shares of the industrial products company’s stock valued at $765,522,000 after buying an additional 11,759,987 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Fortune Brands Home & Security by 4.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 28,900 shares of the industrial products company’s stock valued at $1,760,000 after buying an additional 1,300 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Fortune Brands Home & Security by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 754,213 shares of the industrial products company’s stock valued at $45,894,000 after buying an additional 2,630 shares in the last quarter. RiverPoint Capital Management LLC raised its stake in Fortune Brands Home & Security by 5.6% in the first quarter. RiverPoint Capital Management LLC now owns 432,654 shares of the industrial products company’s stock valued at $26,327,000 after buying an additional 22,850 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Fortune Brands Home & Security by 8.9% in the first quarter. Geode Capital Management LLC now owns 1,503,520 shares of the industrial products company’s stock valued at $91,360,000 after buying an additional 122,830 shares in the last quarter. 85.88% of the stock is owned by institutional investors.

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

Shares of Fortune Brands Home & Security, Inc. (FBHS) traded down 0.28% during midday trading on Tuesday, reaching $65.26. The company’s stock had a trading volume of 435,870 shares. Fortune Brands Home & Security, Inc. has a 12 month low of $52.05 and a 12 month high of $66.01. The company has a market cap of $10.04 billion, a PE ratio of 23.82 and a beta of 1.35. The company’s 50-day moving average price is $63.36 and its 200-day moving average price is $59.27.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. Fortune Brands Home & Security had a return on equity of 19.01% and a net margin of 8.48%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. On average, equities analysts anticipate that Fortune Brands Home & Security, Inc. will post $3.10 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Friday, May 26th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.10%. Fortune Brands Home & Security’s payout ratio is 26.28%.

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Several research firms recently issued reports on FBHS. Royal Bank Of Canada reissued a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a research note on Wednesday, June 7th. Jefferies Group LLC reissued a “buy” rating and set a $76.00 price objective on shares of Fortune Brands Home & Security in a research note on Thursday, June 1st. Barclays PLC reissued a “hold” rating and set a $62.00 price objective on shares of Fortune Brands Home & Security in a research note on Friday, April 28th. Zacks Investment Research lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Monday, April 24th. Finally, Instinet reissued a “hold” rating on shares of Fortune Brands Home & Security in a research note on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $66.15.

In related news, insider David Randich sold 72,646 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $63.53, for a total value of $4,615,200.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher J. Klein sold 40,063 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $63.13, for a total transaction of $2,529,177.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 174,611 shares of company stock valued at $11,056,669. Company insiders own 1.61% of the company’s stock.

Fortune Brands Home & Security Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FBHS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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