Russell Investments Group Ltd. lowered its holdings in Fortune Brands Home & Security Inc (NYSE:FBHS) by 45.2% during the second quarter, Holdings Channel reports. The institutional investor owned 108,115 shares of the industrial products company’s stock after selling 89,266 shares during the period. Russell Investments Group Ltd.’s holdings in Fortune Brands Home & Security were worth $5,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. lifted its position in shares of Fortune Brands Home & Security by 9.8% in the 1st quarter. BlackRock Inc. now owns 13,973,812 shares of the industrial products company’s stock worth $822,920,000 after acquiring an additional 1,248,241 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Fortune Brands Home & Security by 7,185.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 544,152 shares of the industrial products company’s stock worth $29,216,000 after acquiring an additional 536,683 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Fortune Brands Home & Security by 6.3% in the 1st quarter. JPMorgan Chase & Co. now owns 7,347,930 shares of the industrial products company’s stock worth $432,719,000 after acquiring an additional 433,386 shares during the period. Epoch Investment Partners Inc. lifted its position in shares of Fortune Brands Home & Security by 35.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,635,283 shares of the industrial products company’s stock worth $96,302,000 after acquiring an additional 424,121 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Fortune Brands Home & Security by 35.3% in the 1st quarter. Wells Fargo & Company MN now owns 1,221,859 shares of the industrial products company’s stock worth $71,956,000 after acquiring an additional 318,526 shares during the period. 85.61% of the stock is currently owned by hedge funds and other institutional investors.

Fortune Brands Home & Security stock opened at $55.08 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.47 and a debt-to-equity ratio of 0.82. The company has a market cap of $7.90 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.20 and a beta of 1.26. Fortune Brands Home & Security Inc has a one year low of $52.52 and a one year high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Thursday, July 26th. The industrial products company reported $1.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.02). The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. Fortune Brands Home & Security had a return on equity of 20.07% and a net margin of 8.53%. Fortune Brands Home & Security’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 EPS. equities research analysts forecast that Fortune Brands Home & Security Inc will post 3.64 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 19th. Investors of record on Friday, August 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.45%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 25.97%.

A number of analysts have commented on the company. Zacks Investment Research downgraded Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. ValuEngine downgraded Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Bank of America downgraded Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $64.00 to $61.00 in a research report on Friday, August 10th. They noted that the move was a valuation call. Finally, Macquarie reduced their price objective on Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating for the company in a research report on Thursday, September 6th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.57.

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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