Knights of Columbus Asset Advisors LLC Reduces Stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS)

Knights of Columbus Asset Advisors LLC decreased its stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 48.1% during the third quarter, HoldingsChannel.com reports. The firm owned 2,046 shares of the industrial products company’s stock after selling 1,898 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Fortune Brands Home & Security were worth $183,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FBHS. JPMorgan Chase & Co. lifted its holdings in Fortune Brands Home & Security by 17.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,903,357 shares of the industrial products company’s stock worth $886,863,000 after purchasing an additional 1,305,198 shares in the last quarter. Amundi purchased a new stake in shares of Fortune Brands Home & Security in the 2nd quarter valued at about $109,551,000. Nordea Investment Management AB raised its holdings in shares of Fortune Brands Home & Security by 100.5% in the 3rd quarter. Nordea Investment Management AB now owns 2,144,670 shares of the industrial products company’s stock valued at $198,254,000 after acquiring an additional 1,075,074 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Fortune Brands Home & Security by 724.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 436,512 shares of the industrial products company’s stock valued at $43,481,000 after acquiring an additional 383,552 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Fortune Brands Home & Security in the 2nd quarter valued at about $20,968,000. 86.80% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Cheri M. Phyfer sold 23,715 shares of the business’s stock in a transaction on Wednesday, November 3rd. The stock was sold at an average price of $101.15, for a total value of $2,398,772.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by insiders.

Shares of FBHS stock opened at $101.48 on Friday. The firm has a market cap of $13.77 billion, a P/E ratio of 18.72, a P/E/G ratio of 0.81 and a beta of 1.63. Fortune Brands Home & Security, Inc. has a fifty-two week low of $80.40 and a fifty-two week high of $114.00. The business’s 50 day moving average price is $104.21 and its 200-day moving average price is $99.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.05 and a current ratio of 1.78.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Monday, October 25th. The industrial products company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.10. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Fortune Brands Home & Security had a return on equity of 26.94% and a net margin of 10.35%. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 EPS. As a group, equities analysts predict that Fortune Brands Home & Security, Inc. will post 5.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 16th. Stockholders of record on Friday, February 25th will be paid a $0.28 dividend. The ex-dividend date is Thursday, February 24th. This represents a $1.12 annualized dividend and a dividend yield of 1.10%. This is a boost from Fortune Brands Home & Security’s previous quarterly dividend of $0.26. Fortune Brands Home & Security’s payout ratio is currently 19.19%.

FBHS has been the topic of several recent analyst reports. Robert W. Baird raised their price target on Fortune Brands Home & Security from $115.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, October 27th. Bank of America assumed coverage on Fortune Brands Home & Security in a research report on Monday, November 8th. They set a “buy” rating on the stock. Royal Bank of Canada upgraded Fortune Brands Home & Security from a “sector perform” rating to an “outperform” rating and reduced their price objective for the company from $114.00 to $109.00 in a research report on Monday, October 18th. Finally, Barclays increased their price objective on Fortune Brands Home & Security from $92.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday, December 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $109.90.

Fortune Brands Home & Security Profile

Fortune Brands Home & Security, Inc manufactures and supplies home and security products and services. The company operates through the following segments: Cabinets, Plumbing, Outdoors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities, for the kitchen, bath and other parts.

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

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