New York State Teachers Retirement System Sells 9,153 Shares of Fortune Brands Home & Security Inc (NYSE:FBHS)

New York State Teachers Retirement System reduced its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 4.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 209,994 shares of the industrial products company’s stock after selling 9,153 shares during the quarter. New York State Teachers Retirement System owned approximately 0.15% of Fortune Brands Home & Security worth $9,998,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Fortune Brands Home & Security by 44.9% in the fourth quarter. FMR LLC now owns 3,002,891 shares of the industrial products company’s stock worth $114,079,000 after buying an additional 929,793 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fortune Brands Home & Security by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 1,920,463 shares of the industrial products company’s stock worth $72,834,000 after buying an additional 131,460 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Fortune Brands Home & Security by 33.0% in the first quarter. Eagle Asset Management Inc. now owns 1,775,072 shares of the industrial products company’s stock worth $84,511,000 after buying an additional 440,020 shares in the last quarter. Northern Trust Corp raised its stake in Fortune Brands Home & Security by 2.8% in the fourth quarter. Northern Trust Corp now owns 1,605,250 shares of the industrial products company’s stock valued at $60,983,000 after purchasing an additional 44,434 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Fortune Brands Home & Security by 40.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,539,338 shares of the industrial products company’s stock valued at $58,478,000 after purchasing an additional 445,041 shares in the last quarter. 87.13% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on the stock. ValuEngine raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Barclays lowered Fortune Brands Home & Security from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $45.00 to $44.00 in a research report on Thursday, April 11th. Zacks Investment Research raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Monday, April 8th. Bank of America raised Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $55.00 to $64.00 in a research report on Monday, May 6th. Finally, Credit Suisse Group lifted their price target on Fortune Brands Home & Security from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Fortune Brands Home & Security currently has an average rating of “Hold” and an average target price of $53.90.

In other Fortune Brands Home & Security news, SVP Brian C. Lantz sold 3,055 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $53.48, for a total value of $163,381.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Randich sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $53.00, for a total value of $1,060,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,247 shares of company stock valued at $1,338,571. 1.63% of the stock is currently owned by corporate insiders.

Shares of Fortune Brands Home & Security stock traded up $0.82 during trading hours on Friday, reaching $54.01. 1,385,052 shares of the stock traded hands, compared to its average volume of 1,559,515. The company has a market cap of $7.26 billion, a P/E ratio of 16.17, a P/E/G ratio of 1.54 and a beta of 1.47. Fortune Brands Home & Security Inc has a one year low of $35.27 and a one year high of $58.21. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 1.03.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Fortune Brands Home & Security had a return on equity of 22.33% and a net margin of 7.18%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS. Research analysts anticipate that Fortune Brands Home & Security Inc will post 3.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Friday, May 31st will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.63%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.35%.

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About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Cabinets, Plumbing, and Doors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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Institutional Ownership by Quarter for Fortune Brands Home & Security (NYSE:FBHS)

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