OLD Mutual Customised Solutions Proprietary Ltd. reduced its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 25.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,900 shares of the industrial products company’s stock after selling 2,000 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Fortune Brands Home & Security were worth $317,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Fortune Brands Home & Security by 9.8% during the 1st quarter. BlackRock Inc. now owns 13,973,812 shares of the industrial products company’s stock worth $822,920,000 after acquiring an additional 1,248,241 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Fortune Brands Home & Security by 6.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,347,930 shares of the industrial products company’s stock worth $432,719,000 after acquiring an additional 433,386 shares in the last quarter. Standard Life Aberdeen plc boosted its stake in shares of Fortune Brands Home & Security by 5.8% during the 2nd quarter. Standard Life Aberdeen plc now owns 2,894,980 shares of the industrial products company’s stock worth $155,445,000 after acquiring an additional 158,026 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Fortune Brands Home & Security by 21.6% during the 1st quarter. Schroder Investment Management Group now owns 1,695,850 shares of the industrial products company’s stock worth $99,869,000 after acquiring an additional 300,877 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in shares of Fortune Brands Home & Security by 35.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,635,283 shares of the industrial products company’s stock worth $96,302,000 after acquiring an additional 424,121 shares in the last quarter. 85.61% of the stock is currently owned by institutional investors and hedge funds.

FBHS has been the topic of a number of research reports. Macquarie decreased their price target on shares of Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, September 6th. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. ValuEngine lowered shares of Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Finally, Bank of America lowered shares of Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $64.00 to $61.00 in a research note on Friday, August 10th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $68.57.

FBHS stock opened at $55.26 on Monday. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.20 and a beta of 1.26. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.47 and a quick ratio of 0.96. Fortune Brands Home & Security Inc has a 12 month low of $52.52 and a 12 month high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings data on Thursday, July 26th. The industrial products company reported $1.00 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.02). The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. Fortune Brands Home & Security had a net margin of 8.53% and a return on equity of 20.07%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 EPS. sell-side analysts expect that Fortune Brands Home & Security Inc will post 3.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Friday, August 31st will be issued a $0.20 dividend. The ex-dividend date is Thursday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 1.45%. Fortune Brands Home & Security’s 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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Institutional Ownership by Quarter for Fortune Brands Home & Security (NYSE:FBHS)

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