Envestnet Asset Management Inc. lessened its holdings in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS – Get Rating) by 19.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 159,475 shares of the industrial products company's stock after selling 39,437 shares during the period. Envestnet Asset Management Inc. owned about 0.12% of Fortune Brands Home & Security worth $11,846,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Toronto Dominion Bank grew its holdings in shares of Fortune Brands Home & Security by 42.5% during the 4th quarter. Toronto Dominion Bank now owns 79,892 shares of the industrial products company's stock worth $8,540,000 after acquiring an additional 23,820 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Fortune Brands Home & Security by 4.8% during the 4th quarter. Baird Financial Group Inc. now owns 14,203 shares of the industrial products company's stock valued at $1,518,000 after buying an additional 653 shares during the period. UMB Bank N A MO bought a new position in Fortune Brands Home & Security in the 4th quarter worth $551,000. Canada Pension Plan Investment Board raised its holdings in Fortune Brands Home & Security by 685.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 11,579 shares of the industrial products company's stock worth $1,238,000 after purchasing an additional 10,105 shares during the period. Finally, Signaturefd LLC increased its stake in Fortune Brands Home & Security by 42.9% in the 1st quarter. Signaturefd LLC now owns 923 shares of the industrial products company's stock worth $69,000 after buying an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 88.19% of the company's stock.

Fortune Brands Home & Security Stock Performance

Shares of FBHS stock opened at $67.24 on Friday. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.46 and a beta of 1.56. The company's 50 day moving average is $64.70 and its 200 day moving average is $74.60. The company has a quick ratio of 1.12, a current ratio of 2.13 and a debt-to-equity ratio of 1.14. Fortune Brands Home & Security, Inc. has a 52-week low of $56.86 and a 52-week high of $109.23.

Fortune Brands Home & Security Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Shareholders of record on Friday, August 26th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, August 25th. Fortune Brands Home & Security's dividend payout ratio is currently 20.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FBHS shares. Bank of America upgraded Fortune Brands Home & Security from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $74.00 to $84.00 in a research note on Friday, April 29th. UBS Group cut their price objective on Fortune Brands Home & Security from $134.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, July 28th. JPMorgan Chase & Co. cut their price objective on Fortune Brands Home & Security from $84.00 to $77.00 in a research report on Friday, July 15th. Robert W. Baird raised their price objective on Fortune Brands Home & Security to $80.00 in a research report on Monday, July 25th. Finally, TheStreet downgraded shares of Fortune Brands Home & Security from a "b-" rating to a "c+" rating in a report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Fortune Brands Home & Security currently has a consensus rating of "Hold" and an average price target of $89.54.

About Fortune Brands Home & Security

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Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and Shaws brands in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.

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