Robecosam AG Has $33.93 Million Holdings in Fortune Brands Home & Security Inc (FBHS)

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Fortune Brands Home & Security logo
Fortune Brands Home & Security logo

Robecosam AG raised its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 46.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 637,740 shares of the industrial products company’s stock after acquiring an additional 202,615 shares during the period. Fortune Brands Home & Security comprises about 1.3% of Robecosam AG’s portfolio, making the stock its 24th largest holding. Robecosam AG’s holdings in Fortune Brands Home & Security were worth $33,934,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Glenmede Trust Co. NA raised its stake in shares of Fortune Brands Home & Security by 4,953.2% during the second quarter. Glenmede Trust Co. NA now owns 1,018,622 shares of the industrial products company’s stock valued at $54,690,000 after acquiring an additional 998,464 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Fortune Brands Home & Security by 35.7% during the second quarter. Schroder Investment Management Group now owns 2,301,593 shares of the industrial products company’s stock valued at $122,882,000 after acquiring an additional 605,743 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Fortune Brands Home & Security by 7,185.5% during the second quarter. Canada Pension Plan Investment Board now owns 544,152 shares of the industrial products company’s stock valued at $29,216,000 after acquiring an additional 536,683 shares during the last quarter. Millennium Management LLC raised its stake in shares of Fortune Brands Home & Security by 325.7% during the second quarter. Millennium Management LLC now owns 682,841 shares of the industrial products company’s stock valued at $36,662,000 after acquiring an additional 522,453 shares during the last quarter. Finally, Gateway Investment Advisers LLC bought a new position in shares of Fortune Brands Home & Security during the second quarter valued at about $13,387,000. Institutional investors and hedge funds own 85.38% of the company’s stock.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $51.31, for a total transaction of $256,550.00. Following the completion of the transaction, the director now owns 14,142 shares of the company’s stock, valued at $725,626.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.71% of the stock is currently owned by company insiders.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Tuesday. Credit Suisse Group set a $57.00 price target on shares of Fortune Brands Home & Security and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Nomura decreased their price target on shares of Fortune Brands Home & Security from $56.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, October 26th. TheStreet downgraded shares of Fortune Brands Home & Security from a “b-” rating to a “c+” rating in a research note on Friday, October 26th. Finally, Macquarie decreased their price target on shares of Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating for the company in a research note on Thursday, September 6th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.58.

FBHS stock opened at $44.62 on Wednesday. Fortune Brands Home & Security Inc has a 1 year low of $40.89 and a 1 year high of $73.62. The stock has a market capitalization of $5.92 billion, a P/E ratio of 14.49, a P/E/G ratio of 1.09 and a beta of 1.22. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.89.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Thursday, October 25th. The industrial products company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.12). Fortune Brands Home & Security had a net margin of 7.94% and a return on equity of 20.95%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.44 billion. On average, equities analysts anticipate that Fortune Brands Home & Security Inc will post 3.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Thursday, November 29th. Fortune Brands Home & Security’s dividend payout ratio is 25.97%.

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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Want to see what other hedge funds are holding FBHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortune Brands Home & Security Inc (NYSE:FBHS).

Institutional Ownership by Quarter for Fortune Brands Home & Security (NYSE:FBHS)
Institutional Ownership by Quarter for Fortune Brands Home & Security (NYSE:FBHS)

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