Fox Run Management L.L.C. acquired a new position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,622 shares of the industrial products company’s stock, valued at approximately $347,000.

A number of other large investors also recently modified their holdings of FBHS. Royal London Asset Management Ltd. acquired a new position in Fortune Brands Home & Security during the 2nd quarter valued at about $3,257,000. Schroder Investment Management Group lifted its position in Fortune Brands Home & Security by 35.7% during the 2nd quarter. Schroder Investment Management Group now owns 2,301,593 shares of the industrial products company’s stock valued at $122,882,000 after purchasing an additional 605,743 shares during the period. WINTON GROUP Ltd lifted its position in Fortune Brands Home & Security by 94.4% during the 2nd quarter. WINTON GROUP Ltd now owns 193,393 shares of the industrial products company’s stock valued at $10,383,000 after purchasing an additional 93,902 shares during the period. Nomura Holdings Inc. lifted its position in Fortune Brands Home & Security by 166.4% during the 2nd quarter. Nomura Holdings Inc. now owns 63,525 shares of the industrial products company’s stock valued at $3,410,000 after purchasing an additional 39,683 shares during the period. Finally, Andra AP fonden acquired a new position in Fortune Brands Home & Security during the 2nd quarter valued at about $3,796,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $51.31, for a total transaction of $256,550.00. Following the completion of the sale, the director now directly owns 14,142 shares of the company’s stock, valued at approximately $725,626.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.71% of the company’s stock.

Shares of NYSE:FBHS opened at $49.14 on Thursday. The company has a market capitalization of $7.46 billion, a P/E ratio of 15.95, a PEG ratio of 1.13 and a beta of 1.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.96 and a current ratio of 1.47. Fortune Brands Home & Security Inc has a fifty-two week low of $49.00 and a fifty-two week high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Thursday, July 26th. The industrial products company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. Fortune Brands Home & Security had a net margin of 8.53% and a return on equity of 20.07%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. On average, analysts forecast that Fortune Brands Home & Security Inc will post 3.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Friday, November 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.63%. Fortune Brands Home & Security’s dividend payout ratio is 25.97%.

A number of research analysts have issued reports on FBHS shares. ValuEngine downgraded shares of Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. Goldman Sachs Group began coverage on shares of Fortune Brands Home & Security in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $64.00 target price on the stock. Bank of America downgraded shares of Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and cut their price target for the company from $64.00 to $61.00 in a research report on Friday, August 10th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, Macquarie cut their price target on shares of Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating on the stock in a research report on Thursday, September 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $68.27.

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 four segments: Cabinets, Plumbing, Doors, and 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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