Federated Hermes Inc. decreased its stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS – Get Rating) by 2.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,848,526 shares of the industrial products company's stock after selling 47,039 shares during the quarter. Federated Hermes Inc.'s holdings in Fortune Brands Home & Security were worth $137,309,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Clearstead Advisors LLC acquired a new stake in shares of Fortune Brands Home & Security in the fourth quarter worth $27,000. Allworth Financial LP increased its position in shares of Fortune Brands Home & Security by 128.1% in the first quarter. Allworth Financial LP now owns 463 shares of the industrial products company's stock worth $34,000 after acquiring an additional 260 shares in the last quarter. Sargent Bickham Lagudis LLC increased its position in shares of Fortune Brands Home & Security by 49.8% in the first quarter. Sargent Bickham Lagudis LLC now owns 478 shares of the industrial products company's stock worth $36,000 after acquiring an additional 159 shares in the last quarter. CKW Financial Group acquired a new stake in shares of Fortune Brands Home & Security in the first quarter worth $37,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Fortune Brands Home & Security in the first quarter worth $41,000. Institutional investors and hedge funds own 85.46% of the company's stock.
Get Fortune Brands Home & Security alerts:Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. TheStreet downgraded shares of Fortune Brands Home & Security from a "b-" rating to a "c+" rating in a research note on Tuesday, July 5th. StockNews.com downgraded shares of Fortune Brands Home & Security from a "buy" rating to a "hold" rating in a research note on Tuesday. BMO Capital Markets decreased their target price on shares of Fortune Brands Home & Security from $115.00 to $90.00 in a research note on Friday, July 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fortune Brands Home & Security in a research note on Wednesday, August 17th. They issued a "buy" rating and a $100.00 target price for the company. Finally, The Goldman Sachs Group decreased their target price on shares of Fortune Brands Home & Security from $102.00 to $89.00 and set a "buy" rating for the company in a research note on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $90.29.
Fortune Brands Home & Security Stock Performance
NYSE FBHS traded up $1.28 during trading hours on Friday, reaching $64.39. The company's stock had a trading volume of 9,422 shares, compared to its average volume of 940,928. The company has a current ratio of 2.13, a quick ratio of 1.12 and a debt-to-equity ratio of 1.14. The business has a 50-day simple moving average of $65.15 and a 200 day simple moving average of $70.27. Fortune Brands Home & Security, Inc. has a 52 week low of $56.86 and a 52 week high of $109.23. The stock has a market cap of $8.33 billion, a PE ratio of 11.41, a PEG ratio of 1.34 and a beta of 1.57.Fortune Brands Home & Security (NYSE:FBHS – Get Rating) last posted its earnings results on Wednesday, July 27th. The industrial products company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.58 by $0.09. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.04 billion. Fortune Brands Home & Security had a return on equity of 26.19% and a net margin of 9.41%. The business's revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 earnings per share. Equities research analysts predict that Fortune Brands Home & Security, Inc. will post 6.42 earnings per share for the current fiscal year.
Fortune Brands Home & Security Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Friday, August 26th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, August 25th. Fortune Brands Home & Security's dividend payout ratio (DPR) is presently 20.25%.
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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