Todays Report: Today, Quantitative Investment Management LLC lowers its Position in Fortune Brands Home & Security Inc. (FBHS)

Today, Quantitative Investment Management LLC lowers its Position in Fortune Brands Home & Security Inc. (FBHS)

Quantitative Investment Management LLC decreased its stake in shares of Fortune Brands Home & Security Inc. (NYSE:FBHS) by 85.0% during the third quarter, Holdings Channel reports. The institutional investor owned 18,700 shares of the company’s stock after selling 106,000 shares during the period. Quantitative Investment Management LLC’s holdings in Fortune Brands Home & Security were worth $1,086,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FBHS. Vanguard Group Inc. raised its position in Fortune Brands Home & Security by 18.9% in the second quarter. Vanguard Group Inc. now owns 13,626,498 shares of the company’s stock valued at $789,929,000 after buying an additional 2,170,407 shares during the last quarter. Guggenheim Capital LLC raised its position in Fortune Brands Home & Security by 327.2% in the second quarter. Guggenheim Capital LLC now owns 827,443 shares of the company’s stock valued at $47,967,000 after buying an additional 633,764 shares during the last quarter. FMR LLC raised its position in Fortune Brands Home & Security by 9.0% in the second quarter. FMR LLC now owns 7,484,049 shares of the company’s stock valued at $433,850,000 after buying an additional 620,346 shares during the last quarter. AXA raised its position in Fortune Brands Home & Security by 480.9% in the second quarter. AXA now owns 705,299 shares of the company’s stock valued at $40,887,000 after buying an additional 583,889 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in Fortune Brands Home & Security during the second quarter valued at $33,319,000. 94.72% of the stock is owned by institutional investors.

Fortune Brands Home & Security Inc. (NYSE:FBHS) traded up 0.49% during midday trading on Friday, reaching $57.36. 319,691 shares of the company’s stock were exchanged. The firm has a market capitalization of $8.85 billion, a P/E ratio of 22.95 and a beta of 1.28. The stock’s 50 day moving average is $55.10 and its 200 day moving average is $58.50. Fortune Brands Home & Security Inc. has a 52 week low of $44.19 and a 52 week high of $64.47.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The business earned $1.28 billion during the quarter, compared to the consensus estimate of $848 million. Fortune Brands Home & Security had a net margin of 7.99% and a return on equity of 17.69%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, analysts expect that Fortune Brands Home & Security Inc. will post $2.73 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Friday, November 25th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.12%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.02%.

Several research firms have weighed in on FBHS. Jefferies Group reiterated a “buy” rating on shares of Fortune Brands Home & Security in a report on Thursday, August 4th. RBC Capital Markets reiterated an “outperform” rating and issued a $70.00 target price (up from $65.00) on shares of Fortune Brands Home & Security in a report on Thursday, July 28th. Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Monday, October 31st. Royal Bank Of Canada upped their price objective on shares of Fortune Brands Home & Security from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. upgraded shares of Fortune Brands Home & Security from a “neutral” rating to an “overweight” rating and set a $68.00 price objective on the stock in a report on Monday, October 31st. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $63.15.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc is a holding company. The Company is a home and security products company with a portfolio of branded products used for residential home repair, remodeling, new construction and security applications. The Company operates through four segments: Cabinets, Plumbing, Doors and Security.

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