IFM Investors Pty Ltd boosted its position in Fortune Brands Home & Security, Inc. (NYSE:FBHS – Get Rating) by 12.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,431 shares of the industrial products company's stock after acquiring an additional 2,530 shares during the period. IFM Investors Pty Ltd's holdings in Fortune Brands Home & Security were worth $1,666,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Fortune Brands Home & Security by 0.5% in the 4th quarter. BlackRock Inc. now owns 11,010,606 shares of the industrial products company's stock worth $1,177,032,000 after acquiring an additional 54,009 shares during the last quarter. State Street Corp grew its holdings in Fortune Brands Home & Security by 5.5% in the 4th quarter. State Street Corp now owns 6,552,567 shares of the industrial products company's stock worth $700,469,000 after acquiring an additional 338,778 shares during the last quarter. Pictet Asset Management SA grew its holdings in Fortune Brands Home & Security by 7.7% in the 4th quarter. Pictet Asset Management SA now owns 4,826,236 shares of the industrial products company's stock worth $515,925,000 after acquiring an additional 345,939 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Fortune Brands Home & Security by 14.4% in the 4th quarter. Schroder Investment Management Group now owns 1,421,045 shares of the industrial products company's stock worth $151,909,000 after purchasing an additional 179,340 shares during the period. Finally, Eagle Asset Management Inc. lifted its position in shares of Fortune Brands Home & Security by 0.6% in the 4th quarter. Eagle Asset Management Inc. now owns 1,418,170 shares of the industrial products company's stock worth $150,014,000 after purchasing an additional 8,434 shares during the period. Institutional investors own 88.19% of the company's stock.
Get Fortune Brands Home & Security alerts:Fortune Brands Home & Security Stock Performance
Shares of FBHS stock opened at $67.24 on Friday. The company has a 50 day moving average price of $64.70 and a 200-day moving average price of $74.60. Fortune Brands Home & Security, Inc. has a 52 week low of $56.86 and a 52 week high of $109.23. The firm has a market capitalization of $8.70 billion, a PE ratio of 12.16, a P/E/G ratio of 1.46 and a beta of 1.56. 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 (NYSE:FBHS – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The industrial products company reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.58 by $0.09. Fortune Brands Home & Security had a net margin of 9.41% and a return on equity of 26.19%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the business posted $1.56 earnings per share. The business's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts expect that Fortune Brands Home & Security, Inc. will post 6.41 earnings per share for the current year.Fortune Brands Home & Security Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Friday, August 26th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $1.12 annualized dividend and a yield of 1.67%. Fortune Brands Home & Security's dividend payout ratio (DPR) is 20.25%.
Analyst Ratings Changes
Several equities research analysts have recently commented on FBHS shares. TheStreet cut shares of Fortune Brands Home & Security from a "b-" rating to a "c+" rating in a research report on Tuesday, July 5th. Truist Financial lowered their price target on shares of Fortune Brands Home & Security from $115.00 to $100.00 in a research report on Friday, April 29th. The Goldman Sachs Group lowered their price target on shares of Fortune Brands Home & Security from $102.00 to $89.00 and set a "buy" rating for the company in a research report on Thursday, June 23rd. Bank of America raised shares of Fortune Brands Home & Security from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $74.00 to $84.00 in a research report on Friday, April 29th. Finally, Wells Fargo & Company lowered their price target on shares of Fortune Brands Home & Security from $76.00 to $66.00 and set an "equal weight" rating for the company in a research report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Fortune Brands Home & Security has an average rating of "Hold" and an average price target of $89.54.
Fortune Brands Home & Security Company Profile
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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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