Fortune Brands Home & Security, Inc. (FBHS) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund cut its stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,727 shares of the industrial products company’s stock after selling 1,498 shares during the period. Texas Permanent School Fund’s holdings in Fortune Brands Home & Security were worth $2,722,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Fortune Brands Home & Security during the fourth quarter worth approximately $69,759,000. Two Sigma Investments LP bought a new stake in shares of Fortune Brands Home & Security during the fourth quarter worth approximately $30,434,000. The Manufacturers Life Insurance Company bought a new stake in shares of Fortune Brands Home & Security during the third quarter worth approximately $31,710,000. Pictet Asset Management Ltd. boosted its stake in shares of Fortune Brands Home & Security by 28.2% in the first quarter. Pictet Asset Management Ltd. now owns 1,986,178 shares of the industrial products company’s stock worth $120,859,000 after buying an additional 437,059 shares during the period. Finally, State Street Corp boosted its stake in shares of Fortune Brands Home & Security by 6.2% in the fourth quarter. State Street Corp now owns 7,175,069 shares of the industrial products company’s stock worth $383,580,000 after buying an additional 420,073 shares during the period. 85.89% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) opened at 64.36 on Friday. Fortune Brands Home & Security, Inc. has a one year low of $52.05 and a one year high of $66.01. The company has a 50-day moving average price of $63.31 and a 200 day moving average price of $59.14. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 23.49 and a beta of 1.35.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.07. Fortune Brands Home & Security had a net margin of 8.48% and a return on equity of 19.01%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company earned $0.39 EPS. The business’s revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that Fortune Brands Home & Security, Inc. will post $3.10 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Friday, May 26th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.12%. The ex-dividend date was Wednesday, May 24th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.28%.

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FBHS has been the topic of a number of analyst reports. Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Wednesday, April 5th. Nomura initiated coverage on Fortune Brands Home & Security in a report on Wednesday, April 12th. They set a “neutral” rating and a $65.00 price objective on the stock. Instinet restated a “hold” rating on shares of Fortune Brands Home & Security in a report on Friday, April 14th. Royal Bank Of Canada raised their price objective on Fortune Brands Home & Security from $68.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Finally, Longbow Research upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. Fortune Brands Home & Security presently has an average rating of “Buy” and an average price target of $66.15.

In other news, VP Danny Luburic sold 3,700 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $63.00, for a total value of $233,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Klein sold 40,063 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $63.13, for a total transaction of $2,529,177.19. The disclosure for this sale can be found here. Insiders sold a total of 174,611 shares of company stock valued at $11,056,669 in the last quarter. Corporate insiders own 1.61% of the company’s stock.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

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