Cerebellum GP LLC Boosts Stock Holdings in Fortune Brands Home & Security Inc (NYSE:FBHS)

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Cerebellum GP LLC grew its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 575.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,804 shares of the industrial products company’s stock after buying an additional 7,500 shares during the quarter. Fortune Brands Home & Security accounts for 0.3% of Cerebellum GP LLC’s portfolio, making the stock its 22nd largest position. Cerebellum GP LLC’s holdings in Fortune Brands Home & Security were worth $575,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nomura Holdings Inc. grew its holdings in shares of Fortune Brands Home & Security by 4.2% during the third quarter. Nomura Holdings Inc. now owns 32,576 shares of the industrial products company’s stock valued at $1,772,000 after buying an additional 1,308 shares during the last quarter. Penserra Capital Management LLC lifted its position in Fortune Brands Home & Security by 25.0% during the third quarter. Penserra Capital Management LLC now owns 920 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 184 shares during the period. Parametric Portfolio Associates LLC lifted its position in Fortune Brands Home & Security by 4.5% during the third quarter. Parametric Portfolio Associates LLC now owns 525,251 shares of the industrial products company’s stock valued at $28,731,000 after purchasing an additional 22,701 shares during the period. Mackay Shields LLC lifted its position in Fortune Brands Home & Security by 71.6% during the third quarter. Mackay Shields LLC now owns 36,610 shares of the industrial products company’s stock valued at $2,003,000 after purchasing an additional 15,272 shares during the period. Finally, California Public Employees Retirement System lifted its position in Fortune Brands Home & Security by 20.5% during the third quarter. California Public Employees Retirement System now owns 369,936 shares of the industrial products company’s stock valued at $20,235,000 after purchasing an additional 62,880 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

A number of research analysts recently weighed in on the stock. Deutsche Bank assumed coverage on shares of Fortune Brands Home & Security in a research report on Wednesday, November 20th. They set a “buy” rating and a $76.00 price objective on the stock. Bank of America downgraded shares of Fortune Brands Home & Security from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research report on Tuesday, January 7th. They noted that the move was a valuation call. Royal Bank of Canada downgraded shares of Fortune Brands Home & Security from an “outperform” rating to a “sector perform” rating and set a $67.00 price objective on the stock. in a research report on Tuesday, December 17th. Goldman Sachs Group assumed coverage on shares of Fortune Brands Home & Security in a research report on Friday, December 6th. They set a “buy” rating and a $74.00 price objective on the stock. Finally, Zelman & Associates downgraded shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $66.91.

In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $64.60, for a total value of $3,230,000.00. Also, CEO Christopher J. Klein sold 110,530 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $62.06, for a total transaction of $6,859,491.80. Insiders sold 262,762 shares of company stock worth $16,496,720 over the last quarter. Insiders own 1.63% of the company’s stock.

FBHS opened at $69.07 on Thursday. The company has a current ratio of 1.39, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Fortune Brands Home & Security Inc has a 1-year low of $40.61 and a 1-year high of $69.25. The company has a market capitalization of $9.47 billion, a PE ratio of 20.68, a PEG ratio of 1.82 and a beta of 1.53. The firm’s 50 day simple moving average is $65.26 and its two-hundred day simple moving average is $58.12.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.02). Fortune Brands Home & Security had a return on equity of 21.55% and a net margin of 7.23%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the business posted $0.93 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Equities analysts forecast that Fortune Brands Home & Security Inc will post 3.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Friday, February 28th will be given a $0.24 dividend. The ex-dividend date is Thursday, February 27th. This is an increase from Fortune Brands Home & Security’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 1.39%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 26.35%.

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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