Envestnet Asset Management Inc. Trims Holdings in Fortune Brands Home & Security, Inc. (NYSE:FBHS)

Envestnet Asset Management Inc. reduced its holding in Fortune Brands Home & Security, Inc. (NYSE:FBHS – Get Rating) stock by 19.8% in the first quarter, the company said in its most recent filing with the Securities and Exchange Commission ( SEC). The company owned 159,475 shares of the industrial products company after selling 39,437 shares during the period. Envestnet Asset Management Inc. owned approximately 0.12% of Fortune Brands Home & Security valued at $11,846,000 at the end of the most recent reporting period.

Other hedge funds have also been buying and selling shares in the company recently. Toronto Dominion Bank increased its stake in Fortune Brands Home & Security by 42.5% in the fourth quarter. Toronto Dominion Bank now owns 79,892 shares of the industrial products company valued at $8,540,000 after purchasing an additional 23,820 shares during the period. Baird Financial Group Inc. increased its holding in Fortune Brands Home & Security by 4.8% in the fourth quarter. Baird Financial Group Inc. now owns 14,203 shares of the industrial products company, valued at $1,518,000, after purchasing an additional 653 shares during the period. UMB Bank NA MO bought a new position in Fortune Brands Home & Security valued at $551,000 in Q4. The Canada Pension Plan Investment Board increased its stake in Fortune Brands Home & Security by 685.5% in the fourth quarter. The Canada Pension Plan Investment Board now owns 11,579 shares of the industrial products company, valued at $1,238,000, after purchasing an additional 10,105 shares during the period. Finally, Signaturefd LLC increased its stake in Fortune Brands Home & Security by 42.9% during the first quarter. Signaturefd LLC now owns 923 shares of the industrial products company, valued at $69,000, after purchasing an additional 277 shares last quarter. Hedge funds and other institutional investors own 88.19% of the company’s shares.

Fortune Brands Home & Security stock performance

Shares of FBHS stock opened at $67.24 on Friday. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.46 and a beta of 1.56. The company’s 50-day moving average is $64.70 and its 200-day moving average is $74.60. The company has a quick ratio of 1.12, a current ratio of 2.13 and a debt to equity ratio of 1.14. Fortune Brands Home & Security, Inc. has a 52-week low of $56.86 and a 52-week high of $109.23.

Fortune Brands Home & Security (NYSE:FBHS – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The industrial products company reported earnings per share (EPS) of $1.67 for the quarter, beating the consensus estimate of $1.58 by $0.09. The company had revenue of $2.11 billion in the quarter, compared to analyst estimates of $2.04 billion. Fortune Brands Home & Security had a net margin of 9.41% and a return on equity of 26.19%. Fortune Brands Home & Security revenue increased 9.0% compared to the year-ago quarter. For the same period last year, the company posted earnings per share of $1.56. On average, sell-side analysts expect Fortune Brands Home & Security, Inc. to post 6.41 EPS for the current fiscal year.

Fortune Brands Home & Security announces dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Shareholders of record on Friday, August 26 will receive a dividend of $0.28. That equates to an annualized dividend of $1.12 and a yield of 1.67%. The ex-dividend date of this dividend is Thursday August 25th. Fortune Brands Home & Security’s payout ratio is currently 20.25%.

Analyst upgrades and downgrades

A number of equities analysts have issued reports on FBHS stocks. Bank of America upgraded Fortune Brands Home & Security to a neutral rating from an underperform rating and raised its price target on the stock on Friday, April 29. UBS Group lowered its price target on Fortune Brands Home & Security from $134.00 to $104.00 and gave the company a buy rating in a research report on Thursday, July 28. JPMorgan Chase & Co. lowered its target price on Fortune Brands Home & Security to $77.00 from $84.00 in a research report on Friday, July 15. Robert W. Baird raised his target price for Fortune Brands Home & Security to $80.00 in a research report on Monday, July 25. Finally, in a report Tuesday, July 5, TheStreet downgraded shares of Fortune Brands Home & Security from a “b-” rating to a “c+” rating. One equities research analyst has assigned a sell rating to the stock, six have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Fortune Brands Home & Security currently has a consensus rating of Hold and an average price target of $89.54.

About Fortune Brands Home & Security

(received rating)

Fortune Brands Home & Security, Inc offers home and security products for home repair, remodeling, new construction and security applications. It operates through three segments: Sanitary, Outdoor & Safety and Closets. The Plumbing segment manufactures, assembles and sells faucets, accessories, kitchen sinks and waste disposal equipment under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe and Shaws brands in the United States, China, Canada, Mexico and Southeast Asia, Europe and South America directly through its own sales force as well as through independent manufacturer representatives to wholesalers, home centers, wholesalers and industrial distributors.

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Institutional ownership by quarter for Fortune Brands Home & Security (NYSE:FBHS)

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