Fortune Brands Home & Security Inc (NYSE:FBHS) Position Increased by Envestnet Asset Management Inc. – TechNewsObserver


Envestnet Asset Management Inc. lifted its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 17.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,866 shares of the industrial products company’s stock after purchasing an additional 12,801 shares during the quarter. Envestnet Asset Management Inc. owned 0.06% of Fortune Brands Home & Security worth $5,020,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Swiss National Bank increased its holdings in shares of Fortune Brands Home & Security by 1.5% in the first quarter. Swiss National Bank now owns 472,900 shares of the industrial products company’s stock worth $22,515,000 after buying an additional 7,100 shares during the period. FMR LLC increased its stake in Fortune Brands Home & Security by 3.8% during the 1st quarter. FMR LLC now owns 3,117,381 shares of the industrial products company’s stock valued at $148,419,000 after purchasing an additional 114,490 shares in the last quarter. Grimes & Company Inc. grew its holdings in shares of Fortune Brands Home & Security by 10.2% during the second quarter. Grimes & Company Inc. now owns 4,639 shares of the industrial products company’s stock valued at $265,000 after buying an additional 429 shares during the last quarter. Moors & Cabot Inc. purchased a new position in shares of Fortune Brands Home & Security in the first quarter worth $248,000. Finally, Advisor Partners LLC purchased a new stake in shares of Fortune Brands Home & Security during the second quarter valued at $235,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $56.74, for a total value of $283,700.00. Following the transaction, the director now directly owns 11,589 shares of the company’s stock, valued at approximately $657,559.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director A D. David Mackay sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $50.40, for a total transaction of $504,000.00. Following the transaction, the director now owns 11,532 shares in the company, valued at $581,212.80. The disclosure for this sale can be found here. Insiders own 1.63% of the company’s stock.

Shares of Fortune Brands Home & Security stock opened at $53.52 on Wednesday. The firm has a market cap of $7.30 billion, a PE ratio of 16.02, a P/E/G ratio of 1.59 and a beta of 1.52. The business has a 50-day moving average price of $51.84 and a 200 day moving average price of $51.41. The company has a quick ratio of 0.69, a current ratio of 1.13 and a debt-to-equity ratio of 0.77. Fortune Brands Home & Security Inc has a twelve month low of $35.27 and a twelve month high of $58.15.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.03 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.03. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.53 billion. Fortune Brands Home & Security had a return on equity of 21.81% and a net margin of 7.22%. Fortune Brands Home & Security’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 EPS. On average, sell-side analysts expect that Fortune Brands Home & Security Inc will post 3.6 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Friday, August 30th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, August 29th. Fortune Brands Home & Security’s dividend payout ratio is currently 26.35%.

A number of equities research analysts have weighed in on FBHS shares. ValuEngine lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Loop Capital downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 target price on the stock. in a research report on Tuesday, July 2nd. TheStreet raised shares of Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research report on Friday, June 28th. Finally, Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 target price on the stock. in a research report on Monday, August 5th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $53.00.

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 three segments: Cabinets, Plumbing, and Doors & 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.

See Also: Hedge Funds

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

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