3,443 Shares in Fortune Brands Home & Security (FBHS) Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Fortune Brands Home & Security (NYSE:FBHS) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,443 shares of the industrial products company’s stock, valued at approximately $203,000.

Other large investors have also added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in shares of Fortune Brands Home & Security in the 4th quarter valued at about $122,000. Cerebellum GP LLC acquired a new stake in shares of Fortune Brands Home & Security in the 4th quarter valued at about $127,000. Bessemer Group Inc. boosted its position in shares of Fortune Brands Home & Security by 1,169.9% in the 4th quarter. Bessemer Group Inc. now owns 1,943 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 1,790 shares during the period. Pinebridge Investments L.P. boosted its position in shares of Fortune Brands Home & Security by 325.8% in the 4th quarter. Pinebridge Investments L.P. now owns 1,946 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 1,489 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Fortune Brands Home & Security by 18,835.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,651 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 2,637 shares during the period. 91.38% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on FBHS. Zacks Investment Research cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Friday, April 20th. Citigroup decreased their target price on Fortune Brands Home & Security from $74.00 to $64.00 and set a “neutral” rating for the company in a research report on Monday, April 30th. ValuEngine cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Gabelli raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Monday, February 12th. Finally, Loop Capital set a $67.00 target price on Fortune Brands Home & Security and gave the company a “buy” rating in a research report on Friday, April 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $69.20.

In other news, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $57.43, for a total transaction of $287,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.71% of the stock is owned by corporate insiders.

FBHS opened at $56.99 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.44 and a debt-to-equity ratio of 0.65. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 1.25 and a beta of 1.41. Fortune Brands Home & Security has a 52 week low of $55.77 and a 52 week high of $56.37.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.03). The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Fortune Brands Home & Security had a net margin of 8.79% and a return on equity of 19.01%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 earnings per share. equities research analysts expect that Fortune Brands Home & Security will post 3.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 13th. Shareholders of record on Friday, May 25th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.40%. The ex-dividend date is Thursday, May 24th. Fortune Brands Home & Security’s dividend payout ratio is presently 25.97%.

Fortune Brands Home & Security declared that its Board of Directors has initiated a share repurchase program on Monday, April 30th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the industrial products company to repurchase up to 1.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Fortune Brands Home & Security Company Profile

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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