IFM Investors Pty Ltd Raises Stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS)

IFM Investors Pty Ltd increased its position in Fortune Brands Home & Security, Inc. (NYSE:FBHS – Get Rating) by 12.7% in the first quarter, the company said in its most recent filing with the Securities & Exchange Commission. The fund owned 22,431 shares of the industrial products company after purchasing an additional 2,530 shares during the period. IFM Investors Pty Ltd’s interests in Fortune Brands Home & Security were valued at $1,666,000 at the time of the most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have recently changed their holdings in the company. Clearstead Advisors LLC acquired a new interest in Fortune Brands Home & Security for approximately $27,000 during the fourth quarter. CVA Family Office LLC increased its position in Fortune Brands Home & Security by 62.4% in the fourth quarter. CVA Family Office LLC now owns 315 shares of the industrial products company, valued at $34,000, after purchasing an additional 121 shares last quarter. Aquire Wealth Advisors LLC acquired a new interest in Fortune Brands Home & Security for approximately $55,000 during the fourth quarter. Paragon Capital Management Ltd acquired a new interest in Fortune Brands Home & Security valued at approximately $57,000 during the fourth quarter. Finally, Quadrant Capital Group LLC increased its position in Fortune Brands Home & Security by 370.7% during the fourth quarter. Quadrant Capital Group LLC now owns 546 shares of the industrial products company, valued at $58,000, after purchasing an additional 430 shares last quarter. Hedge funds and other institutional investors own 88.19% of the company’s shares.

Several equity analysts have commented on the company. Bank of America upgraded Fortune Brands Home & Security to a “neutral” rating from an “underperform” rating and its price target on the stock on Friday, April 29. Loop Capital lowered Fortune Brands Home & Security from a “buy.” -Rating a “hold” rating and lowered its price target on the stock to $91.00 from $120.00 in a research report on Wednesday, March 23. JPMorgan Chase & Co. lowered its target price on Fortune Brands Home & Security to $81.00 from $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 20. StockNews.com began coverage of Fortune Brands Home & Security in a Research Note on Thursday, March 31st. They give the company a “hold” rating. Finally, the Goldman Sachs Group lowered its target price on Fortune Brands Home & Security to $89.00 from $102.00 and issued a research note on Thursday, June 23, putting a “buy” rating on the company. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $95.33.

NYSE FBHS opened at $61.71 on Friday. The company has a 50-day moving average price of $67.20 and a 200-day moving average price of $81.33. Fortune Brands Home & Security, Inc. has a yearly low of $56.86 and a yearly high of $109.23. The company has a debt to equity ratio of 1.16, a quick ratio of 1.20 and a current ratio of 2.18. The company has a market cap of $8.07 billion, a P/E of 10.98, a P/E of 1.84, and a beta of 1.54.

Fortune Brands Home & Security (NYSE:FBHS – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The industrial products company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.24 by $0.07. Fortune Brands Home & Security had a return on equity of 26.00% and a net margin of 9.94%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. In the same period last year, the company earned $1.36 per share. The company’s revenue increased 8.3% compared to the prior-year quarter. As a group, sell-side analysts are forecasting that Fortune Brands Home & Security, Inc. will post 6.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record were paid a dividend of $0.28 on Friday May 27th. That equates to an annualized dividend of $1.12 and a yield of 1.81%. The ex-dividend date of this dividend was Thursday May 26th. Fortune Brands Home & Security’s payout ratio is currently 19.93%.

Fortune Brands Home and Safety Profile (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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