Fortune Brands Home & Security Inc (FBHS) Shares Bought by Private Trust Co. NA

Private Trust Co. NA boosted its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 22.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,221 shares of the industrial products company’s stock after acquiring an additional 2,092 shares during the quarter. Private Trust Co. NA’s holdings in Fortune Brands Home & Security were worth $534,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FBHS. Deutsche Bank AG boosted its stake in Fortune Brands Home & Security by 8.6% during the fourth quarter. Deutsche Bank AG now owns 794,183 shares of the industrial products company’s stock worth $30,167,000 after buying an additional 62,612 shares during the last quarter. Machina Capital S.A.S. acquired a new position in Fortune Brands Home & Security during the fourth quarter worth $115,000. Pinnacle Bank acquired a new position in Fortune Brands Home & Security during the fourth quarter worth $30,000. MUFG Securities EMEA plc boosted its stake in Fortune Brands Home & Security by 1,515.9% during the fourth quarter. MUFG Securities EMEA plc now owns 62,388 shares of the industrial products company’s stock worth $2,370,000 after buying an additional 58,527 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Fortune Brands Home & Security by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 1,920,463 shares of the industrial products company’s stock worth $72,834,000 after buying an additional 131,460 shares during the last quarter. Institutional investors own 87.98% of the company’s stock.

In other news, VP Danny Luburic sold 2,000 shares of the stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $46.96, for a total value of $93,920.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.63% of the company’s stock.

Several brokerages have recently commented on FBHS. ValuEngine raised Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 13th. Zacks Investment Research raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $43.00 price target on the stock in a research note on Monday, December 31st. Barclays lowered Fortune Brands Home & Security from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $45.00 to $44.00 in a research note on Thursday, April 11th. Loop Capital upped their price target on Fortune Brands Home & Security to $44.00 and gave the company a “hold” rating in a research note on Friday, February 1st. Finally, Evercore ISI upgraded Fortune Brands Home & Security from an “in-line” rating to an “outperform” rating in a report on Monday, January 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $53.27.

NYSE FBHS traded up $0.31 during trading hours on Friday, hitting $52.36. 2,121,977 shares of the company were exchanged, compared to its average volume of 1,594,295. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.13 and a quick ratio of 0.68. Fortune Brands Home & Security Inc has a 52-week low of $35.27 and a 52-week high of $58.75. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 1.53 and a beta of 1.46.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.04. Fortune Brands Home & Security had a return on equity of 21.91% and a net margin of 7.10%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the business earned $0.56 EPS. Fortune Brands Home & Security’s revenue was up 5.8% on a year-over-year basis. Equities research analysts anticipate that Fortune Brands Home & Security Inc will post 3.63 earnings per share for the current fiscal year.

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About Fortune Brands Home & Security

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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