Financial Engines Advisors L.L.C. lessened its holdings in Fortune Brands Home & Security Inc (NYSE:FBHS) by 43.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 11,859 shares of the industrial products company’s stock after selling 9,250 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in Fortune Brands Home & Security were worth $565,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in Fortune Brands Home & Security by 15.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 55,583 shares of the industrial products company’s stock valued at $2,112,000 after acquiring an additional 7,320 shares during the last quarter. Tower Bridge Advisors lifted its position in Fortune Brands Home & Security by 53.9% during the fourth quarter. Tower Bridge Advisors now owns 107,955 shares of the industrial products company’s stock valued at $4,101,000 after acquiring an additional 37,803 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Fortune Brands Home & Security by 6.8% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 48,270 shares of the industrial products company’s stock valued at $1,834,000 after acquiring an additional 3,083 shares during the last quarter. State of Tennessee Treasury Department lifted its position in Fortune Brands Home & Security by 6.7% during the fourth quarter. State of Tennessee Treasury Department now owns 95,963 shares of the industrial products company’s stock valued at $3,645,000 after acquiring an additional 6,031 shares during the last quarter. Finally, Arvest Bank Trust Division lifted its position in Fortune Brands Home & Security by 65.2% during the first quarter. Arvest Bank Trust Division now owns 341,032 shares of the industrial products company’s stock valued at $16,237,000 after acquiring an additional 134,542 shares during the last quarter. 86.11% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the stock. ValuEngine raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Barclays cut shares of Fortune Brands Home & Security from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $45.00 to $44.00 in a research report on Thursday, April 11th. Loop Capital increased their target price on shares of Fortune Brands Home & Security to $44.00 and gave the company a “hold” rating in a research report on Friday, February 1st. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Monday, April 8th. Finally, Bank of America upgraded shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and upped their price target for the company from $55.00 to $64.00 in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $54.20.

In other news, insider David Randich sold 20,000 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $53.00, for a total value of $1,060,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Brian C. Lantz sold 2,192 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $52.55, for a total transaction of $115,189.60. The disclosure for this sale can be found here. Insiders have sold a total of 25,247 shares of company stock worth $1,338,571 in the last 90 days. 1.63% of the stock is currently owned by company insiders.

Shares of Fortune Brands Home & Security stock opened at $52.44 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 1.03. Fortune Brands Home & Security Inc has a 12-month low of $35.27 and a 12-month high of $58.75. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.58 and a beta of 1.49.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. Fortune Brands Home & Security had a net margin of 7.18% and a return on equity of 22.33%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business posted $0.56 EPS. Fortune Brands Home & Security’s revenue for the quarter was up 5.8% compared to the same quarter last year. Research analysts forecast that Fortune Brands Home & Security Inc will post 3.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.88 dividend on an annualized basis and a yield of 1.68%. Fortune Brands Home & Security’s payout ratio is 26.35%.

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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 three segments: Cabinets, Plumbing, and Doors & 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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