DNB Asset Management AS Increases Equity Holdings in Fortune Brands Home & Security, Inc. (NYSE: FBHS)


DNB Asset Management AS has grown its stake in Fortune Brands Home & Security, Inc. (NYSE: FBHS – Get Rating) increased 8.0% in the first quarter, according to the company in its latest filing on Form 13F with the Securities and Exchange Commission. The institutional investor owned 43,503 shares of Industrial Products Corporation after purchasing an additional 3,212 shares during the quarter. The value of the DNB Asset Management AS holdings in Fortune Brands Home & Security is $3,231,000 as of the most recent SEC filings.

Other institutional investors and hedge funds have also recently modified their holdings in the company. Clearstead Advisors LLC bought a new stake in Fortune Brands Home & Security in the fourth quarter valued at approximately $27,000. CVA Family Office LLC boosted its stake in Fortune Brands Home & Security by 62.4% in the fourth quarter. CVA Family Office LLC now owns 315 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 121 shares during the period. Aquire Wealth Advisors LLC bought new shares of Fortune Brands Home & Security in the last quarter valued at $55,000. Paragon Capital Management Ltd purchased new shares of Fortune Brands Home & Security in the 4th quarter valued at approximately $57,000. Finally, Quadrant Capital Group LLC boosted its stake in Fortune Brands Home & Security by 370.7% in the 4th quarter. Quadrant Capital Group LLC now owns 546 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 430 shares during the period. Institutional investors and hedge funds own 88.19% of the company’s stock.

FBHS shares opened at $61.34 on Friday. Fortune Brands Home & Security, Inc. registry. One-year low of $56.86 and one-year high of $109.23. The company’s debt-to-equity ratio is 1.16, the trading ratio is 2.18 and the speed ratio is 1.20. The 50-day simple moving average for the stock is $68.33 and its 200-day simple moving average is $83.16. The company has a market capitalization of $8.02 billion, a PE ratio of 10.91, a price-earnings ratio of 1.70 and a beta of 1.54.

Fortune Brands Home & Security (NYSE: FBHS – Get Rating) released its latest quarterly earnings data on Thursday, April 28. The industrial products company reported earnings of $1.31 per share (EPS) for the quarter, topping analysts’ estimates of $1.24 by $0.07. Fortune Brands Home & Security had a return on equity of 26.00% and a net margin of 9.94%. The company generated $1.92 billion in profit for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the company reported earnings of $1.36 per share. The company’s quarterly revenue rose 8.3% compared to the same quarter last year. Equity research analysts expect Fortune Brands Home & Security, Inc. 6.36 earnings per share for the current year.
Fortune Brands Home & Security announced that its board of directors has authorized a stock buyback program on Wednesday, March 2, that allows the company to buy back $750.00 million of outstanding stock. This buyback license allows the industrial products company to buy back up to 6.4% of its shares through purchases on the open market. Share buyback programs are usually an indication that a company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Friday, May 27th received a dividend of $0.28. The dividend payout date was Thursday, May 26th. This represents $1.12 in annual earnings and a dividend yield of 1.83%. The payout rate for Fortune Brands Home & Security is 19.93%.

FBHS has been the subject of a number of recent analyst reports. Bank of America upgraded Fortune Brands Home & Security from a “underperforming” rating to a “neutral” rating and raised its share price target from $74.00 to $84.00 in a research note on Friday, April 29th. Credit Suisse Group raised its price target on Fortune Brands Home & Security from $90.00 to $95.00 in a research note on Monday, May 9. JPMorgan Chase & Co dropped its price target on Fortune Brands Home & Security from $94.00 to $81.00 and determined the company’s “overweight” rating in a research note on Wednesday, April 20. Loop Capital lowered Fortune Brands Home & Security rating from a “buy” rating to a “hold” rating and lowered its share price target from $120.00 to $91.00 in a research note on Wednesday, March 23rd. Finally, StockNews.com began covering Fortune Brands Home & Security in a research note on Thursday, March 31. They put a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Fortune Brands Home & Security currently has an average rating of “Hold” and a price target of $96.33.

Fortune Brands Home & Security Company Profile (Get Rating)

Fortune Brands Home & Security, Inc. provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three divisions: Plumbing, Outdoor & Security, and Cabinetry. The Plumbing segment manufactures, assembles and sells faucets, accessories, kitchen sinks and waste disposers 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 sales force own, as well as through independent manufacturer representatives to wholesalers, home centers, wholesale dealers and industrial distributors.

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



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