Todays Report: Today: Parsons Capital Management Inc. RI Maintains Position in Fortune Brands Home & Security Inc. (FBHS)

Today: Parsons Capital Management Inc. RI Maintains Position in Fortune Brands Home & Security Inc. (FBHS)

Parsons Capital Management Inc. RI held its stake in shares of Fortune Brands Home & Security Inc. (NYSE:FBHS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,019 shares of the company’s stock at the end of the third quarter. Parsons Capital Management Inc. RI’s holdings in Fortune Brands Home & Security were worth $524,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fortune Brands Home & Security by 8.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,804 shares of the company’s stock worth $104,000 after buying an additional 143 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Fortune Brands Home & Security by 233.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,826 shares of the company’s stock worth $106,000 after buying an additional 1,278 shares in the last quarter. Mizuho Asset Management Co. Ltd. purchased a new stake in shares of Fortune Brands Home & Security during the second quarter worth $118,000. MSI Financial Services Inc boosted its stake in shares of Fortune Brands Home & Security by 16.9% in the third quarter. MSI Financial Services Inc now owns 2,195 shares of the company’s stock worth $128,000 after buying an additional 317 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in shares of Fortune Brands Home & Security during the second quarter worth $139,000. Institutional investors own 89.54% of the company’s stock.

Fortune Brands Home & Security Inc. (NYSE:FBHS) traded down 2.11% during mid-day trading on Monday, reaching $56.15. The company’s stock had a trading volume of 485,792 shares. Fortune Brands Home & Security Inc. has a 1-year low of $44.19 and a 1-year high of $64.47. The firm has a 50 day moving average price of $55.10 and a 200-day moving average price of $58.50. The company has a market capitalization of $8.66 billion, a PE ratio of 22.47 and a beta of 1.28.

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

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

Several equities research analysts have recently commented on the company. Evercore ISI assumed coverage on Fortune Brands Home & Security in a research note on Monday, November 14th. They set a “buy” rating and a $64.00 price target for the company. Zacks Investment Research cut Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. KeyCorp cut Fortune Brands Home & Security to a “hold” rating in a research note on Tuesday, November 22nd. Wells Fargo & Co. assumed coverage on Fortune Brands Home & Security in a research note on Wednesday, September 28th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. upgraded Fortune Brands Home & Security from a “neutral” rating to an “overweight” rating and set a $68.00 price target for the company in a research note on Monday, October 31st. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $63.15.

About Fortune Brands Home & Security

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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