Fortune Brands Home & Security Inc (NYSE:FBHS) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its holdings in Fortune Brands Home & Security Inc (NYSE:FBHS) by 56.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,027 shares of the industrial products company’s stock after purchasing an additional 33,092 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of Fortune Brands Home & Security worth $5,883,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Driehaus Capital Management LLC lifted its position in shares of Fortune Brands Home & Security by 2.8% during the second quarter. Driehaus Capital Management LLC now owns 5,056 shares of the industrial products company’s stock worth $323,000 after purchasing an additional 140 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of Fortune Brands Home & Security by 0.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 19,400 shares of the industrial products company’s stock worth $1,240,000 after acquiring an additional 170 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Fortune Brands Home & Security by 1.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 20,203 shares of the industrial products company’s stock worth $1,271,000 after acquiring an additional 194 shares in the last quarter. Pflug Koory LLC increased its holdings in shares of Fortune Brands Home & Security by 6.7% in the 2nd quarter. Pflug Koory LLC now owns 3,120 shares of the industrial products company’s stock valued at $199,000 after acquiring an additional 195 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Fortune Brands Home & Security by 1.7% during the second quarter. CIBC Asset Management Inc now owns 11,964 shares of the industrial products company’s stock worth $765,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 87.38% of the company’s stock.

Several research firms have weighed in on FBHS. Nomura Instinet boosted their target price on shares of Fortune Brands Home & Security from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. TheStreet raised shares of Fortune Brands Home & Security from a “c+” rating to a “b” rating in a research report on Thursday, June 4th. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $66.00 target price on the stock in a report on Thursday, June 11th. Nomura upped their target price on Fortune Brands Home & Security from $58.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Deutsche Bank increased their price target on Fortune Brands Home & Security from $68.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $71.12.

In other Fortune Brands Home & Security news, CFO Patrick D. Hallinan sold 14,700 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $78.08, for a total transaction of $1,147,776.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Christopher J. Klein sold 32,744 shares of Fortune Brands Home & Security stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $84.03, for a total value of $2,751,478.32. The disclosure for this sale can be found here. Insiders have sold a total of 264,571 shares of company stock worth $20,471,174 over the last 90 days. 1.45% of the stock is owned by insiders.

Fortune Brands Home & Security stock traded up $0.07 during mid-day trading on Wednesday, hitting $84.15. 2,171 shares of the company’s stock traded hands, compared to its average volume of 1,336,543. The firm has a 50 day moving average price of $81.87 and a 200 day moving average price of $62.19. The company has a quick ratio of 1.29, a current ratio of 2.05 and a debt-to-equity ratio of 0.91. The company has a market cap of $11.62 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 2.95 and a beta of 1.78. Fortune Brands Home & Security Inc has a one year low of $33.90 and a one year high of $86.80.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.35. Fortune Brands Home & Security had a return on equity of 21.65% and a net margin of 7.61%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, analysts expect that Fortune Brands Home & Security Inc will post 3.82 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 28th will be given a $0.24 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.96 dividend on an annualized basis and a yield of 1.14%. Fortune Brands Home & Security’s dividend payout ratio is presently 26.67%.

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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