Fortune Brands Home & Security Inc (FBHS) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. grew its stake in Fortune Brands Home & Security Inc (NYSE:FBHS) by 10.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 214,400 shares of the industrial products company’s stock after buying an additional 19,600 shares during the quarter. Point72 Asset Management L.P.’s holdings in Fortune Brands Home & Security were worth $11,511,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in FBHS. BlackRock Inc. boosted its holdings in shares of Fortune Brands Home & Security by 9.8% in the first quarter. BlackRock Inc. now owns 13,973,812 shares of the industrial products company’s stock valued at $822,920,000 after buying an additional 1,248,241 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Fortune Brands Home & Security by 7,185.5% in the second quarter. Canada Pension Plan Investment Board now owns 544,152 shares of the industrial products company’s stock valued at $29,216,000 after buying an additional 536,683 shares during the period. Robecosam AG acquired a new position in shares of Fortune Brands Home & Security in the second quarter valued at approximately $23,231,000. JPMorgan Chase & Co. boosted its holdings in shares of Fortune Brands Home & Security by 6.3% in the first quarter. JPMorgan Chase & Co. now owns 7,347,930 shares of the industrial products company’s stock valued at $432,719,000 after buying an additional 433,386 shares during the period. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of Fortune Brands Home & Security by 35.0% in the first quarter. Epoch Investment Partners Inc. now owns 1,635,283 shares of the industrial products company’s stock valued at $96,302,000 after buying an additional 424,121 shares during the period. Institutional investors own 85.61% of the company’s stock.

Shares of FBHS stock opened at $55.26 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.96 and a current ratio of 1.47. The firm has a market capitalization of $7.90 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.20 and a beta of 1.26. Fortune Brands Home & Security Inc has a 12 month low of $52.52 and a 12 month high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Thursday, July 26th. The industrial products company reported $1.00 EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. analysts anticipate that Fortune Brands Home & Security Inc will post 3.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders 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 yield of 1.45%. The ex-dividend date of this dividend is Thursday, August 30th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 25.97%.

A number of analysts have recently commented on FBHS shares. ValuEngine lowered shares of Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. Bank of America lowered shares of Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and cut their price objective 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. Macquarie cut their price objective on shares of Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating on the stock in a research report on Thursday, September 6th. Finally, Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Monday, August 6th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Fortune Brands Home & Security presently has a consensus rating of “Hold” and a consensus price target of $68.57.

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 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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