State Treasurer State of Michigan decreased its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 3.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,164 shares of the industrial products company’s stock after selling 1,600 shares during the quarter. State Treasurer State of Michigan’s holdings in Fortune Brands Home & Security were worth $2,317,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Xact Kapitalforvaltning AB lifted its holdings in Fortune Brands Home & Security by 4.7% in the first quarter. Xact Kapitalforvaltning AB now owns 20,238 shares of the industrial products company’s stock valued at $1,192,000 after acquiring an additional 915 shares during the period. Saturna Capital CORP lifted its holdings in Fortune Brands Home & Security by 27.0% in the first quarter. Saturna Capital CORP now owns 4,700 shares of the industrial products company’s stock valued at $277,000 after acquiring an additional 1,000 shares during the period. D.A. Davidson & CO. lifted its holdings in Fortune Brands Home & Security by 10.8% in the second quarter. D.A. Davidson & CO. now owns 10,518 shares of the industrial products company’s stock valued at $565,000 after acquiring an additional 1,024 shares during the period. Creative Planning lifted its holdings in Fortune Brands Home & Security by 16.8% in the second quarter. Creative Planning now owns 7,817 shares of the industrial products company’s stock valued at $420,000 after acquiring an additional 1,123 shares during the period. Finally, Teza Capital Management LLC lifted its holdings in Fortune Brands Home & Security by 34.9% in the first quarter. Teza Capital Management LLC now owns 4,654 shares of the industrial products company’s stock valued at $274,000 after acquiring an additional 1,204 shares during the period. 84.92% of the stock is currently owned by institutional investors.

Shares of FBHS opened at $54.86 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.47 and a quick ratio of 0.96. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 1.19 and a beta of 1.37. Fortune Brands Home & Security Inc has a 52 week low of $52.63 and a 52 week high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Thursday, July 26th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.02). Fortune Brands Home & Security had a return on equity of 20.07% and a net margin of 8.53%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. research analysts anticipate that Fortune Brands Home & Security Inc will post 3.65 earnings per share for the current fiscal year.

Fortune Brands Home & Security announced that its board has initiated a stock repurchase program on Monday, April 30th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the industrial products company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Investors of record on Friday, August 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, August 30th. Fortune Brands Home & Security’s dividend payout ratio is currently 25.97%.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Bank of America cut Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $64.00 to $61.00 in a research report on Friday, August 10th. They noted that the move was a valuation call. Loop Capital set a $67.00 price target on Fortune Brands Home & Security and gave the stock a “buy” rating in a research report on Friday, April 27th. ValuEngine cut Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Finally, Citigroup reduced their price target on Fortune Brands Home & Security from $74.00 to $64.00 and set a “neutral” rating for the company in a research report on Monday, April 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Fortune Brands Home & Security presently has a consensus rating of “Hold” and a consensus price target of $68.77.

Fortune Brands Home & Security Profile

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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