Carroll Financial Associates Inc. maintained its position in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) during the second quarter, according to its most recent filing with the SEC. The firm owned 1,600 shares of the industrial products company’s stock at the end of the second quarter. Carroll Financial Associates Inc.’s holdings in Fortune Brands Home & Security were worth $104,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Kentucky Retirement Systems purchased a new stake in Fortune Brands Home & Security during the fourth quarter worth approximately $599,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Fortune Brands Home & Security during the fourth quarter worth approximately $267,000. Highbridge Capital Management LLC purchased a new stake in Fortune Brands Home & Security during the fourth quarter worth approximately $5,812,000. Macquarie Group Ltd. increased its stake in Fortune Brands Home & Security by 336.3% in the fourth quarter. Macquarie Group Ltd. now owns 254,800 shares of the industrial products company’s stock worth $13,622,000 after buying an additional 196,400 shares in the last quarter. Finally, First Financial Bank N.A. Trust Division increased its stake in Fortune Brands Home & Security by 7.9% in the first quarter. First Financial Bank N.A. Trust Division now owns 76,214 shares of the industrial products company’s stock worth $4,638,000 after buying an additional 5,570 shares in the last quarter. Institutional investors and hedge funds own 85.89% of the company’s stock.
Fortune Brands Home & Security, Inc. (NYSE:FBHS) traded down 0.75% on Wednesday, hitting $63.87. The stock had a trading volume of 1,715,592 shares. The stock has a market cap of $10.00 billion, a PE ratio of 22.74 and a beta of 1.39. Fortune Brands Home & Security, Inc. has a 12 month low of $52.05 and a 12 month high of $67.50. The firm’s 50 day moving average price is $65.84 and its 200-day moving average price is $61.76.
Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.61% and a return on equity of 18.93%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. On average, analysts forecast that Fortune Brands Home & Security, Inc. will post $3.10 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.13%. Fortune Brands Home & Security’s dividend payout ratio is currently 25.35%.
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A number of research firms recently commented on FBHS. Zacks Investment Research downgraded Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub downgraded Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC boosted their target price on Fortune Brands Home & Security from $67.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Royal Bank Of Canada reiterated a “buy” rating on shares of Fortune Brands Home & Security in a research report on Thursday, April 27th. Finally, Longbow Research upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Tuesday, July 4th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $67.73.
In other news, CEO Christopher J. Klein sold 40,063 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $63.13, for a total transaction of $2,529,177.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Norman H. Wesley sold 18,202 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $62.63, for a total transaction of $1,139,991.26. Following the sale, the director now owns 2,132 shares of the company’s stock, valued at approximately $133,527.16. The disclosure for this sale can be found here. Insiders have sold a total of 193,265 shares of company stock valued at $12,386,418 in the last 90 days. Insiders own 1.61% of the company’s stock.
About Fortune Brands Home & Security
Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.
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