Paloma Partners Management Co Has $1.70 Million Stake in Fortune Brands Home & Security Inc (FBHS)

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Paloma Partners Management Co trimmed its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 49.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 31,636 shares of the industrial products company’s stock after selling 30,461 shares during the period. Paloma Partners Management Co’s holdings in Fortune Brands Home & Security were worth $1,698,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Fortune Brands Home & Security by 9.8% during the 1st quarter. BlackRock Inc. now owns 13,973,812 shares of the industrial products company’s stock valued at $822,920,000 after purchasing an additional 1,248,241 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Fortune Brands Home & Security by 6.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,347,930 shares of the industrial products company’s stock valued at $432,719,000 after purchasing an additional 433,386 shares during the last quarter. Standard Life Aberdeen plc lifted its holdings in Fortune Brands Home & Security by 5.8% during the 2nd quarter. Standard Life Aberdeen plc now owns 2,894,980 shares of the industrial products company’s stock valued at $155,445,000 after purchasing an additional 158,026 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Fortune Brands Home & Security by 21.6% during the 1st quarter. Schroder Investment Management Group now owns 1,695,850 shares of the industrial products company’s stock valued at $99,869,000 after purchasing an additional 300,877 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its holdings in Fortune Brands Home & Security by 35.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,635,283 shares of the industrial products company’s stock valued at $96,302,000 after purchasing an additional 424,121 shares during the last quarter. 85.61% of the stock is owned by institutional investors.

FBHS opened at $55.26 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.47 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.20 and a beta of 1.26. Fortune Brands Home & Security Inc has a 1-year low of $52.52 and a 1-year high of $73.62.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, July 26th. The industrial products company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.02). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. Fortune Brands Home & Security had a net margin of 8.53% and a return on equity of 20.07%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. equities research analysts forecast that Fortune Brands Home & Security Inc will post 3.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Friday, August 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, August 30th. Fortune Brands Home & Security’s dividend payout ratio is 25.97%.

FBHS has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. ValuEngine cut shares of Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Bank of America cut shares of Fortune Brands Home & Security from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $64.00 to $61.00 in a research report on Friday, August 10th. They noted that the move was a valuation call. Finally, Macquarie lowered their price objective on shares of Fortune Brands Home & Security from $68.00 to $66.00 and set an “outperform” rating for the company in a research report on Thursday, September 6th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $68.57.

Fortune Brands Home & Security 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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