Fortune Brands Home & Security Inc (FBHS) Position Trimmed by New England Research & Management Inc.

New England Research & Management Inc. cut its stake in Fortune Brands Home & Security Inc (NYSE:FBHS) by 45.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,350 shares of the industrial products company’s stock after selling 7,730 shares during the period. New England Research & Management Inc.’s holdings in Fortune Brands Home & Security were worth $445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FBHS. JPMorgan Chase & Co. lifted its position in shares of Fortune Brands Home & Security by 0.7% during the third quarter. JPMorgan Chase & Co. now owns 6,412,616 shares of the industrial products company’s stock valued at $335,764,000 after buying an additional 43,501 shares during the last quarter. MML Investors Services LLC purchased a new stake in shares of Fortune Brands Home & Security during the third quarter valued at about $211,000. Bank of New York Mellon Corp lifted its position in shares of Fortune Brands Home & Security by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 1,337,886 shares of the industrial products company’s stock valued at $70,051,000 after buying an additional 7,089 shares during the last quarter. American International Group Inc. lifted its position in shares of Fortune Brands Home & Security by 3.7% during the third quarter. American International Group Inc. now owns 49,899 shares of the industrial products company’s stock valued at $2,613,000 after buying an additional 1,789 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Fortune Brands Home & Security by 10.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,094,297 shares of the industrial products company’s stock valued at $57,303,000 after buying an additional 100,600 shares during the last quarter. Hedge funds and other institutional investors own 87.98% of the company’s stock.

FBHS has been the subject of several analyst reports. Evercore ISI raised shares of Fortune Brands Home & Security from an “in-line” rating to an “outperform” rating in a research report on Monday, January 7th. Bank of America raised shares of Fortune Brands Home & Security from an “underperform” rating to a “neutral” rating and set a $47.00 price target for the company in a research report on Friday, January 4th. Credit Suisse Group set a $49.00 price objective on shares of Fortune Brands Home & Security and gave the company a “buy” rating in a report on Friday, January 11th. Loop Capital raised their price objective on shares of Fortune Brands Home & Security to $44.00 and gave the stock a “hold” rating in a research note on Friday, February 1st. Finally, ValuEngine lowered Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a report on Friday, January 4th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $53.27.

NYSE FBHS opened at $52.36 on Friday. 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 debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 1.13. The firm has a market cap of $7.33 billion, a PE ratio of 15.68, a P/E/G ratio of 1.53 and a beta of 1.46.

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

In related news, VP Danny Luburic sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $46.96, for a total transaction of $93,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.63% of the stock is currently owned by company insiders.

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Fortune Brands Home & Security 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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