Employees Retirement System of Texas decreased its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 28.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,000 shares of the industrial products company’s stock after selling 5,500 shares during the period. Employees Retirement System of Texas’ holdings in Fortune Brands Home & Security were worth $532,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FBHS. Capital Investment Advisory Services LLC bought a new stake in shares of Fortune Brands Home & Security during the fourth quarter worth $32,000. Doyle Wealth Management bought a new stake in shares of Fortune Brands Home & Security during the fourth quarter worth $33,000. Essex Savings Bank bought a new stake in shares of Fortune Brands Home & Security during the fourth quarter worth $76,000. Penserra Capital Management LLC bought a new stake in shares of Fortune Brands Home & Security during the fourth quarter worth $80,000. Finally, ETF Managers Group LLC increased its position in shares of Fortune Brands Home & Security by 15.7% during the fourth quarter. ETF Managers Group LLC now owns 2,211 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 300 shares in the last quarter. 88.30% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on FBHS. ValuEngine raised shares of Fortune Brands Home & Security from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 13th. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $43.00 target price for the company in a report on Monday, December 31st. Loop Capital increased their target price on shares of Fortune Brands Home & Security to $44.00 and gave the stock a “hold” rating in a report on Friday, February 1st. Evercore ISI upgraded shares of Fortune Brands Home & Security from an “in-line” rating to an “outperform” rating in a report on Monday, January 7th. Finally, Credit Suisse Group restated a “hold” rating and set a $49.00 target price on shares of Fortune Brands Home & Security in a report on Thursday, February 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Fortune Brands Home & Security has a consensus rating of “Hold” and an average target price of $53.91.

Shares of FBHS stock opened at $46.26 on Thursday. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 1.43 and a beta of 1.46. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of 0.83. Fortune Brands Home & Security Inc has a one year low of $35.27 and a one year high of $63.01.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Thursday, January 31st. The industrial products company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.08). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.46 billion. Fortune Brands Home & Security had a net margin of 7.10% and a return on equity of 21.91%. As a group, equities research analysts predict that Fortune Brands Home & Security Inc will post 3.63 earnings per share for the current fiscal year.

In other Fortune Brands Home & Security news, VP Danny Luburic sold 2,000 shares of the stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $46.96, for a total value of $93,920.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.71% of the company’s stock.

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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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