Cullinan Associates Inc. Purchases Shares of 3,200 Fortune Brands Home & Security Inc (NYSE:FBHS)

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Cullinan Associates Inc. purchased a new stake in Fortune Brands Home & Security Inc (NYSE:FBHS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,200 shares of the industrial products company’s stock, valued at approximately $209,000.

Several other large investors have also added to or reduced their stakes in FBHS. Pictet Asset Management Ltd. raised its holdings in shares of Fortune Brands Home & Security by 37.8% in the 2nd quarter. Pictet Asset Management Ltd. now owns 3,542,182 shares of the industrial products company’s stock valued at $202,365,000 after acquiring an additional 971,613 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Fortune Brands Home & Security during the 2nd quarter valued at about $32,493,000. Point72 Asset Management L.P. raised its holdings in shares of Fortune Brands Home & Security by 65.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,095,176 shares of the industrial products company’s stock valued at $59,906,000 after buying an additional 433,998 shares in the last quarter. Artemis Investment Management LLP raised its holdings in shares of Fortune Brands Home & Security by 125.0% during the 3rd quarter. Artemis Investment Management LLP now owns 572,220 shares of the industrial products company’s stock valued at $30,748,000 after buying an additional 317,877 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Fortune Brands Home & Security by 124.8% during the 2nd quarter. UBS Group AG now owns 480,766 shares of the industrial products company’s stock valued at $27,467,000 after buying an additional 266,897 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE FBHS opened at $69.07 on Thursday. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 1.82 and a beta of 1.53. 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 stock’s 50-day moving average is $65.26 and its 200 day moving average is $58.12.

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

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

A number of equities analysts recently weighed in on FBHS shares. Royal Bank of Canada cut 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 report on Tuesday, December 17th. Nomura raised their price objective on Fortune Brands Home & Security from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, December 6th. SunTrust Banks raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and raised their price objective for the company from $58.00 to $75.00 in a report on Monday, October 28th. Zelman & Associates cut Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Barclays reissued a “sell” rating and set a $61.00 price objective on shares of Fortune Brands Home & Security in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $66.91.

In other Fortune Brands Home & Security news, VP Danny Luburic sold 7,500 shares of Fortune Brands Home & Security stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $61.09, for a total value of $458,175.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher J. Klein sold 50,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $64.60, for a total value of $3,230,000.00. Insiders sold a total of 262,762 shares of company stock worth $16,496,720 over the last ninety days. Insiders own 1.63% of the company’s stock.

Fortune Brands Home & Security Company Profile

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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