Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Stake in Fortune Brands Home & Security, Inc. (FBHS)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,961 shares of the industrial products company’s stock after buying an additional 1,766 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Fortune Brands Home & Security were worth $1,611,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FBHS. Acrospire Investment Management LLC increased its position in Fortune Brands Home & Security by 60.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 600 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Fortune Brands Home & Security by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 23 shares during the period. State of Alaska Department of Revenue increased its position in Fortune Brands Home & Security by 1.9% in the second quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 40 shares during the period. Global X Management Co. LLC increased its position in Fortune Brands Home & Security by 13.2% in the second quarter. Global X Management Co. LLC now owns 2,385 shares of the industrial products company’s stock worth $156,000 after purchasing an additional 279 shares during the period. Finally, Stephens Inc. AR acquired a new stake in Fortune Brands Home & Security in the second quarter worth about $201,000. Institutional investors own 89.65% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/11/14/mitsubishi-ufj-kokusai-asset-management-co-ltd-increases-stake-in-fortune-brands-home-security-inc-fbhs.html.

FBHS has been the subject of a number of research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $75.00 price objective on shares of Fortune Brands Home & Security in a research report on Tuesday, July 18th. Wells Fargo & Company lowered Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price objective for the company. in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Thursday, July 20th. BidaskClub lowered Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $78.00 price objective on shares of Fortune Brands Home & Security in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $69.47.

Fortune Brands Home & Security, Inc. (NYSE FBHS) opened at $64.43 on Tuesday. Fortune Brands Home & Security, Inc. has a 1-year low of $53.15 and a 1-year high of $68.82. The company has a current ratio of 1.87, a quick ratio of 1.17 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $9,710.70, a PE ratio of 21.40, a PEG ratio of 2.00 and a beta of 1.41.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted $0.80 EPS. Fortune Brands Home & Security’s revenue for the quarter was up 5.5% on a year-over-year basis. analysts forecast that Fortune Brands Home & Security, Inc. will post 3.07 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, November 22nd. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 24.83%.

In other Fortune Brands Home & Security news, insider E Lee Wyatt sold 2,600 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $65.11, for a total transaction of $169,286.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher J. Klein sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total value of $3,766,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 181,000 shares of company stock worth $11,813,470 in the last quarter. 1.61% of the stock is currently owned by company insiders.

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.

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

Receive News & Ratings for Fortune Brands Home & Security Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply