Public Employees Retirement System of Ohio reduced its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 170,720 shares of the industrial products company’s stock after selling 2,056 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.11% of Fortune Brands Home & Security worth $11,478,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. IFM Investors Pty Ltd acquired a new position in shares of Fortune Brands Home & Security in the 3rd quarter valued at approximately $414,000. California Public Employees Retirement System grew its position in shares of Fortune Brands Home & Security by 7.8% in the 3rd quarter. California Public Employees Retirement System now owns 352,229 shares of the industrial products company’s stock valued at $23,680,000 after purchasing an additional 25,529 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Fortune Brands Home & Security by 27.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 151,357 shares of the industrial products company’s stock valued at $10,174,000 after purchasing an additional 32,851 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of Fortune Brands Home & Security by 559.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 8,197 shares of the industrial products company’s stock valued at $551,000 after purchasing an additional 6,954 shares during the period. Finally, Jane Street Group LLC bought a new stake in Fortune Brands Home & Security in the 3rd quarter valued at approximately $794,000. Institutional investors own 87.23% of the company’s stock.

In other news, CEO Christopher J. Klein sold 85,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $67.13, for a total transaction of $5,706,050.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.61% of the company’s stock.

Several equities research analysts have commented on the company. SunTrust Banks restated a “hold” rating and issued a $63.00 target price on shares of Fortune Brands Home & Security in a research note on Friday, November 10th. BidaskClub cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Robert W. Baird restated a “buy” rating and issued a $72.00 target price on shares of Fortune Brands Home & Security in a research note on Tuesday, October 24th. Jefferies Group restated a “buy” rating and issued a $78.00 target price on shares of Fortune Brands Home & Security in a research note on Thursday, October 12th. Finally, Credit Suisse Group boosted their target price on Fortune Brands Home & Security from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Fortune Brands Home & Security has a consensus rating of “Hold” and a consensus target price of $71.17.

Shares of Fortune Brands Home & Security Inc (NYSE:FBHS) opened at $67.69 on Wednesday. Fortune Brands Home & Security Inc has a 12 month low of $53.15 and a 12 month high of $69.61. The stock has a market capitalization of $10,243.52, a P/E ratio of 22.57, a PEG ratio of 2.10 and a beta of 1.42. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.17 and a current ratio of 1.87.

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, topping analysts’ consensus estimates 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 company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business posted $0.80 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. research analysts forecast that Fortune Brands Home & Security Inc will post 3.07 earnings per share for the current year.

Fortune Brands Home & Security announced that its Board of Directors has initiated a share repurchase program on Monday, December 11th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.18%. This is a boost from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. Fortune Brands Home & Security’s dividend payout ratio is currently 24.83%.

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About Fortune Brands Home & Security

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.

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

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