Artisan Partners Limited Partnership Trimmeds Holding in Fortune Brands Home & Security Inc (FBHS)

Artisan Partners Limited Partnership Trimmeds Holding in Fortune Brands Home & Security Inc (FBHS)

Artisan Partners Limited Partnership cut its position in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 22.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,067,652 shares of the industrial products company’s stock after selling 1,462,009 shares during the period. Artisan Partners Limited Partnership’s holdings in Fortune Brands Home & Security were worth $308,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sciencast Management LP bought a new position in shares of Fortune Brands Home & Security during the fourth quarter valued at about $703,000. Ancora Advisors LLC bought a new position in shares of Fortune Brands Home & Security during the fourth quarter valued at about $877,000. Ontario Teachers Pension Plan Board bought a new position in shares of Fortune Brands Home & Security during the third quarter valued at about $1,315,000. Lebenthal Asset Management LLC boosted its position in shares of Fortune Brands Home & Security by 8.6% in the fourth quarter. Lebenthal Asset Management LLC now owns 34,147 shares of the industrial products company’s stock valued at $1,825,000 after buying an additional 2,713 shares during the period. Finally, GLG Partners LP bought a new position in shares of Fortune Brands Home & Security during the fourth quarter valued at about $6,056,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Fortune Brands Home & Security Inc (NYSE:FBHS) traded up 0.14% during mid-day trading on Friday, hitting $63.43. The stock had a trading volume of 590,209 shares. Fortune Brands Home & Security Inc has a one year low of $52.05 and a one year high of $66.01. The firm’s 50-day moving average is $63.14 and its 200 day moving average is $58.62. The stock has a market cap of $9.76 billion, a PE ratio of 23.15 and a beta of 1.27.

Fortune Brands Home & Security (NYSE:FBHS) last issued its earnings results on Wednesday, April 26th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. Fortune Brands Home & Security had a net margin of 8.18% and a return on equity of 18.68%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. Equities research analysts expect that Fortune Brands Home & Security Inc will post $3.10 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Friday, May 26th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, May 24th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 24.71%.

FBHS has been the topic of several recent analyst reports. Zacks Investment Research cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Monday, April 24th. Instinet reissued a “hold” rating on shares of Fortune Brands Home & Security in a research note on Friday, April 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $76.00 target price on shares of Fortune Brands Home & Security in a research note on Thursday. Barclays PLC reaffirmed a “hold” rating and issued a $62.00 target price on shares of Fortune Brands Home & Security in a research note on Friday, April 28th. Finally, Nomura initiated coverage on Fortune Brands Home & Security in a research note on Wednesday, April 12th. They issued a “neutral” rating and a $65.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $66.15.

In other news, insider David Randich sold 72,646 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $63.53, for a total transaction of $4,615,200.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Danny Luburic sold 3,700 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $63.00, for a total transaction of $233,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 116,409 shares of company stock valued at $7,377,478 in the last three months. Company insiders own 2.30% of the company’s stock.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FBHS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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