Russell Investments Group Ltd. Sells 3,228 Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS)

Russell Investments Group Ltd. reduced its stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS – Get Rating) stock by 6.9% in the first quarter, the company said in its most recent SEC filing. The institutional investor owned 43,521 shares of the industrial products company after selling 3,228 shares during the period. The holdings of Russell Investments Group Ltd. in Fortune Brands Home & Security was worth $3,281,000 at the time of the most recent SEC filing.

Other hedge funds and other institutional investors have recently changed their holdings in the company. 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 last quarter. 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 $1,518,000 industrial products company after purchasing an additional 653 shares last quarter. UMB Bank NA MO acquired a new stake in Fortune Brands Home & Security valued at approximately $551,000 in the fourth quarter. 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 last quarter. 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 acquiring an additional 277 shares last quarter. 88.19% of the shares are currently owned by institutional investors.

Wall Street analysts forecast growth

Several equity analysts have covered FBHS shares. TheStreet downgraded shares of Fortune Brands Home & Security from a “b-” rating to a “c+” rating in a research note on Tuesday, July 5. Robert W. Baird raised his target price on shares of Fortune Brands Home & Security to $80.00 in a report on Monday, July 25. Credit Suisse Group increased its price target for shares of Fortune Brands Home & Security to $95.00 from $90.00 in a report on Monday, May 9. Wells Fargo & Company lowered its target price on shares of Fortune Brands Home & Security from $76.00 to $66.00 and gave the company an “equal weight” rating in a report Tuesday, June 28. Finally, UBS Group lowered its target price on shares of Fortune Brands Home & Security from $134.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, July 28. One research analyst has rated the stock with a sell rating, six with a hold rating and five with a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $89.54.

Fortune Brands home and security inventory up 0.6%

FBHS opened at $69.49 on Friday. Fortune Brands Home & Security, Inc. has a 52-week low of $56.86 and a 52-week high of $109.23. The company has a leverage ratio of 1.14, a quick ratio of 1.12 and a current ratio of 2.13. The company has a 50-day moving average of $64.49 and a 200-day moving average of $73.77. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.46, and a beta of 1.56.

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 of $1.67 for the quarter, beating analysts’ consensus estimate of $1.58 by $0.09. Fortune Brands Home & Security had a net margin of 9.41% and a return on equity of 26.19%. The company made $2.11 billion in revenue for the quarter, compared to analysts’ expectations of $2.04 billion. In the same quarter last year, the company generated earnings per share of $1.56. The company’s revenue for the quarter increased 9.0% year over year. On average, research analysts expect Fortune Brands Home & Security, Inc. to report earnings per share of 6.41 for the year to date.

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. The ex-dividend date of this dividend is Thursday August 25th. That equates to an annual dividend of $1.12 and a yield of 1.61%. Fortune Brands Home & Security’s RTP is 20.25%.

Company Profile of Fortune Brands Home & Security

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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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