Epoch Investment Partners Inc. reduced its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 13.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,282,808 shares of the industrial products company’s stock after selling 194,570 shares during the period. Epoch Investment Partners Inc. owned 0.91% of Fortune Brands Home & Security worth $67,168,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Fortune Brands Home & Security by 20.3% in the third quarter. BlackRock Inc. now owns 16,204,204 shares of the industrial products company’s stock worth $848,454,000 after acquiring an additional 2,733,216 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Fortune Brands Home & Security by 0.7% in the third quarter. JPMorgan Chase & Co. now owns 6,412,616 shares of the industrial products company’s stock worth $335,764,000 after acquiring an additional 43,501 shares during the last quarter. Standard Life Aberdeen plc boosted its position in shares of Fortune Brands Home & Security by 5.8% in the second 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 during the last quarter. Schroder Investment Management Group boosted its position in shares of Fortune Brands Home & Security by 35.7% in the second quarter. Schroder Investment Management Group now owns 2,301,593 shares of the industrial products company’s stock worth $122,882,000 after acquiring an additional 605,743 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of Fortune Brands Home & Security by 4.9% in the third quarter. Pictet Asset Management Ltd. now owns 2,204,472 shares of the industrial products company’s stock worth $115,426,000 after acquiring an additional 103,489 shares during the last quarter. 86.87% of the stock is currently owned by institutional investors.

FBHS has been the topic of several research reports. Loop Capital cut their price target on shares of Fortune Brands Home & Security to $59.00 and set a “buy” rating on the stock in a report on Thursday, October 25th. Credit Suisse Group set a $57.00 price target on shares of Fortune Brands Home & Security and gave the company a “buy” rating in a report on Wednesday, October 17th. Nomura cut their price target on shares of Fortune Brands Home & Security from $56.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, October 26th. SunTrust Banks cut their price target on shares of Fortune Brands Home & Security to $46.00 and set a “hold” rating on the stock in a report on Friday, October 26th. Finally, Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Three 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. Fortune Brands Home & Security has an average rating of “Hold” and an average price target of $61.58.

Fortune Brands Home & Security stock opened at $42.54 on Friday. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.30 and a quick ratio of 0.83. Fortune Brands Home & Security Inc has a 12 month low of $40.89 and a 12 month high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.12). The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.44 billion. Fortune Brands Home & Security had a return on equity of 20.95% and a net margin of 7.94%. On average, analysts anticipate that Fortune Brands Home & Security Inc will post 3.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, November 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Thursday, November 29th. Fortune Brands Home & Security’s dividend payout ratio is presently 25.97%.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of Fortune Brands Home & Security stock in a transaction on Friday, October 5th. The shares were sold at an average price of $51.31, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.71% of the company’s stock.

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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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