Carnegie Capital Asset Management LLC Acquires 2,600 Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS)

Carnegie Capital Asset Management LLC increased its holdings in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHSGet Rating) by 36.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,810 shares of the industrial products company’s stock after acquiring an additional 2,600 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Fortune Brands Home & Security were worth $977,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Baird Financial Group Inc. grew its position in shares of Fortune Brands Home & Security by 3,972.0% during the 1st quarter. Baird Financial Group Inc. now owns 578,347 shares of the industrial products company’s stock worth $42,959,000 after buying an additional 564,144 shares during the period. Renaissance Technologies LLC bought a new position in Fortune Brands Home & Security during the first quarter worth $35,112,000. State Street Corp grew its holdings in Fortune Brands Home & Security by 5.5% in the fourth quarter. State Street Corp now owns 6,552,567 shares of the industrial products company’s stock worth $700,469,000 after purchasing an additional 338,778 shares during the period. Qube Research & Technologies Ltd increased its stake in Fortune Brands Home & Security by 5,149.8% in the first quarter. Qube Research & Technologies Ltd now owns 311,311 shares of the industrial products company’s stock valued at $23,124,000 after purchasing an additional 305,381 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Fortune Brands Home & Security by 31.1% during the first quarter. Invesco Ltd. now owns 1,262,272 shares of the industrial products company’s stock valued at $93,762,000 after purchasing an additional 299,720 shares during the period. 85.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wells Fargo & Company reduced their target price on Fortune Brands Home & Security from $76.00 to $66.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 28th. Robert W. Baird upped their target price on Fortune Brands Home & Security to $80.00 in a research report on Monday, July 25th. StockNews.com cut Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. BMO Capital Markets lowered their price objective on shares of Fortune Brands Home & Security from $115.00 to $90.00 in a report on Friday, July 29th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fortune Brands Home & Security in a report on Wednesday, August 17th. They set a “buy” rating and a $100.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $90.29.

Insider Transactions at Fortune Brands Home & Security

In related news, Director A D. David Mackay sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 6,000 shares in the company, valued at approximately $360,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.97% of the company’s stock.

Fortune Brands Home & Security Trading Down 2.9 %

NYSE:FBHS opened at $55.64 on Friday. Fortune Brands Home & Security, Inc. has a 12 month low of $55.58 and a 12 month high of $109.23. The company has a current ratio of 2.13, a quick ratio of 1.12 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average is $64.77 and its 200 day moving average is $68.53. The stock has a market capitalization of $7.20 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 1.26 and a beta of 1.57.

Fortune Brands Home & Security (NYSE:FBHSGet Rating) last issued its earnings results on Wednesday, July 27th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.09. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.04 billion. Fortune Brands Home & Security had a return on equity of 26.19% and a net margin of 9.41%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 earnings per share. Sell-side analysts expect that Fortune Brands Home & Security, Inc. will post 6.42 earnings per share for the current year.

Fortune Brands Home & Security Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Friday, August 26th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, August 25th. This represents a $1.12 dividend on an annualized basis and a yield of 2.01%. Fortune Brands Home & Security’s dividend payout ratio is presently 20.25%.

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.

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

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