Raymond James Financial Services Advisors Inc. Sells 499 Shares of Fortune Brands Home & Security Inc (NYSE:FBHS)

Raymond James Financial Services Advisors Inc. reduced its stake in Fortune Brands Home & Security Inc (NYSE:FBHS) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,766 shares of the industrial products company’s stock after selling 499 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Fortune Brands Home & Security were worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Verus Capital Partners LLC acquired a new position in Fortune Brands Home & Security during the fourth quarter valued at approximately $25,000. Rockefeller Capital Management L.P. raised its position in Fortune Brands Home & Security by 152.7% during the first quarter. Rockefeller Capital Management L.P. now owns 700 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 423 shares in the last quarter. Fred Alger Management LLC acquired a new position in Fortune Brands Home & Security during the first quarter valued at approximately $31,000. Patriot Financial Group Insurance Agency LLC raised its position in Fortune Brands Home & Security by 642.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 742 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 642 shares in the last quarter. Finally, Ellevest Inc. raised its position in Fortune Brands Home & Security by 71.3% during the first quarter. Ellevest Inc. now owns 853 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 355 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Shares of FBHS opened at $76.50 on Friday. The company has a current ratio of 2.05, a quick ratio of 0.97 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $10.55 billion, a P/E ratio of 24.76 and a beta of 1.67. The firm’s fifty day simple moving average is $65.15 and its two-hundred day simple moving average is $59.36. Fortune Brands Home & Security Inc has a 12 month low of $33.90 and a 12 month high of $78.25.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.35. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Fortune Brands Home & Security had a net margin of 7.61% and a return on equity of 21.65%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. As a group, research analysts predict that Fortune Brands Home & Security Inc will post 3.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 28th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.25%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.67%.

In other news, VP Danny Luburic sold 2,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $60.18, for a total transaction of $120,360.00. Following the transaction, the vice president now owns 9,693 shares of the company’s stock, valued at approximately $583,324.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brian C. Lantz sold 14,745 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $67.74, for a total transaction of $998,826.30. The disclosure for this sale can be found here. 1.45% of the stock is owned by corporate insiders.

Several brokerages have commented on FBHS. JPMorgan Chase & Co. boosted their price objective on shares of Fortune Brands Home & Security from $60.00 to $74.00 in a research report on Friday, July 10th. Barclays reiterated a “sell” rating and set a $45.00 price target on shares of Fortune Brands Home & Security in a report on Sunday, May 3rd. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $66.00 price target for the company in a report on Thursday, June 11th. Royal Bank of Canada upped their price target on shares of Fortune Brands Home & Security from $62.00 to $77.00 and gave the stock a “sector perform” rating in a report on Thursday. They noted that the move was a valuation call. Finally, SunTrust Banks upped their price target on shares of Fortune Brands Home & Security from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $69.63.

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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