British Airways Pensions Investment Management Ltd Has $11.03 Million Stock Holdings in Fortune Brands Home & Security Inc (NYSE:FBHS)

British Airways Pensions Investment Management Ltd decreased its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 23.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,644 shares of the industrial products company’s stock after selling 61,547 shares during the quarter. British Airways Pensions Investment Management Ltd owned approximately 0.14% of Fortune Brands Home & Security worth $11,030,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Huntington National Bank lifted its holdings in shares of Fortune Brands Home & Security by 8.3% during the third quarter. Huntington National Bank now owns 9,991 shares of the industrial products company’s stock worth $546,000 after buying an additional 764 shares in the last quarter. First Mercantile Trust Co. lifted its holdings in shares of Fortune Brands Home & Security by 10.4% during the third quarter. First Mercantile Trust Co. now owns 2,202 shares of the industrial products company’s stock worth $120,000 after buying an additional 208 shares in the last quarter. Mackay Shields LLC lifted its holdings in shares of Fortune Brands Home & Security by 71.6% during the third quarter. Mackay Shields LLC now owns 36,610 shares of the industrial products company’s stock worth $2,003,000 after buying an additional 15,272 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Fortune Brands Home & Security by 29.6% during the third quarter. IFM Investors Pty Ltd now owns 16,798 shares of the industrial products company’s stock worth $919,000 after buying an additional 3,836 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Fortune Brands Home & Security by 5.0% during the third quarter. Oppenheimer & Co. Inc. now owns 5,516 shares of the industrial products company’s stock worth $301,000 after buying an additional 264 shares in the last quarter. 88.46% of the stock is owned by institutional investors and hedge funds.

In other Fortune Brands Home & Security news, insider David Randich sold 11,906 shares of Fortune Brands Home & Security stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $60.96, for a total value of $725,789.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Danny Luburic sold 7,500 shares of Fortune Brands Home & Security stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $61.09, for a total value of $458,175.00. The disclosure for this sale can be found here. 1.63% of the stock is owned by insiders.

FBHS stock opened at $61.82 on Thursday. The company has a market cap of $8.62 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.94 and a beta of 1.53. The business has a 50-day simple moving average of $57.16 and a 200 day simple moving average of $54.01. Fortune Brands Home & Security Inc has a 52 week low of $35.27 and a 52 week high of $62.60. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 0.89.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.02). The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. Fortune Brands Home & Security had a net margin of 7.23% and a return on equity of 21.55%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. On average, analysts anticipate that Fortune Brands Home & Security Inc will post 3.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 29th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Wednesday, November 27th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.35%.

A number of research firms have recently weighed in on FBHS. SunTrust Banks raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and lifted their target price for the stock from $58.00 to $75.00 in a report on Monday, October 28th. Zacks Investment Research raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $64.00 target price for the company in a report on Friday, October 25th. Nomura dropped their target price on Fortune Brands Home & Security from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. ValuEngine downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Finally, Robert W. Baird boosted their price target on Fortune Brands Home & Security from $65.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Fortune Brands Home & Security presently has a consensus rating of “Hold” and a consensus target price of $58.70.

Fortune Brands Home & Security Company 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.

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

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