Northwestern Mutual Investment Management Company LLC sells 708 shares of Fortune Brands Home & Security, Inc. (NYSE: FBHS)


Northwestern Mutual Investment Management Company LLC reduced its stake in Fortune Brands Home & Security, Inc. (NYSE: FBHS – Get Rating) by 11.6% during the first quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. . The institutional investor held 5,399 shares of the industrial products company after selling 708 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Fortune Brands Home & Security were worth $401,000 when it last filed with the Securities & Exchange Commission.

A number of other hedge funds have also recently changed their positions in FBHS. Allspring Global Investments Holdings LLC bought a new position in Fortune Brands Home & Security in Q4, valued at around $1,282,000. CWM LLC bought a new position in Fortune Brands Home & Security in Q4, valued at around $104,000. Northwestern Mutual Wealth Management Co. increased its position in Fortune Brands Home & Security by 3.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,723 shares of the industrial products company valued at $398,000 after acquiring 123 additional shares last quarter. Pacer Advisors Inc. raised its position in Fortune Brands Home & Security by 25.9% in the fourth quarter. Pacer Advisors Inc. now owns 10,126 shares of the industrial products company valued at $1,082,000 after acquiring 2,082 additional shares last quarter. Finally, Daiwa Securities Group Inc. strengthened its position in Fortune Brands Home & Security by 6.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 7,961 shares of the industrial products company valued at $851,000 after acquiring 481 additional shares last quarter. 88.19% of the shares are held by institutional investors.

Fortune Brands Home & Security trades up 0.6%

NYSE: FBHS opened at $69.49 on Monday. The company has a debt ratio of 1.14, a current ratio of 2.13 and a quick ratio of 1.12. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 12.57, a growth price-to-earnings ratio of 1.49, and a beta of 1.56. Fortune Brands Home & Security, Inc. has a one-year low of $56.86 and a one-year high of $109.23. The company has a fifty-day moving average price of $64.49 and a 200-day moving average price of $73.52.

Fortune Brands Home & Security (NYSE: FBHS – Get Rating) last released its quarterly results on Wednesday, July 27. The industrial products company reported earnings per share (EPS) of $1.67 for the quarter, beating analyst consensus estimates of $1.58 by $0.09. Fortune Brands Home & Security recorded a return on equity of 26.19% and a net margin of 9.41%. The company posted revenue of $2.11 billion in the quarter, versus analyst estimates of $2.04 billion. In the same quarter a year earlier, the company posted EPS of $1.56. Fortune Brands Home & Security revenue for the quarter increased 9.0% compared to the same quarter last year. Sell-side analysts expect Fortune Brands Home & Security, Inc. to post EPS of 6.41 for the current year.

Fortune Brands Home & Security Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 14. Shareholders of record on Friday, August 26 will receive a dividend of $0.28. The ex-dividend date is Thursday, August 25. This represents a dividend of $1.12 on an annualized basis and a yield of 1.61%. Fortune Brands Home & Security’s payout ratio is currently 20.25%.

Changes to analyst ratings

FBHS has been the subject of several analyst reports. Bank of America upgraded Fortune Brands Home & Security from an “underperforming” rating to a “neutral” rating and raised its price target for the company from $74.00 to $84.00 in a report of research from Friday, April 29. BMO Capital Markets lowered its price target on Fortune Brands Home & Security from $115.00 to $90.00 in a Friday, July 29 report. UBS Group lowered its price target on Fortune Brands Home & Security from $134.00 to $104.00 and placed a “buy” rating on the stock in a Thursday, July 28 report. Robert W. Baird raised his price target on Fortune Brands Home & Security to $80.00 in a Monday, July 25 report. Finally, JPMorgan Chase & Co. lowered its price target on Fortune Brands Home & Security from $84.00 to $77.00 in a Friday, July 15 report. One research analyst rated the stock with a sell rating, six assigned a hold rating and five assigned the company a buy rating. According to data from MarketBeat, Fortune Brands Home & Security has a consensus rating of “Hold” and a consensus price target of $89.54.

Fortune Brands Home and Security Profile

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Fortune Brands Home & Security, Inc provides home and security products for home repair, remodeling, new construction and security applications. It operates in three segments: plumbing, exterior and security, and cabinetry. The Plumbing segment manufactures, assembles and sells faucets, fixtures, kitchen sinks and garbage disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe and Shaws brand names in the United States, China, Canada, Mexico, Southeast Asia, Europe and South America directly through its own sales force, as well as through independent manufacturer representatives to wholesalers, home centers, supermarkets and industrial distributors.

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Institutional ownership by quarter for Fortune Brands Home & Security (NYSE: FBHS)



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