Stone Ridge Asset Management LLC grew its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 12.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,751 shares of the industrial products company’s stock after buying an additional 4,192 shares during the period. Stone Ridge Asset Management LLC’s holdings in Fortune Brands Home & Security were worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in FBHS. Riverhead Capital Management LLC increased its position in shares of Fortune Brands Home & Security by 17.1% during the second quarter. Riverhead Capital Management LLC now owns 6,322 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 923 shares in the last quarter. D.A. Davidson & CO. increased its position in Fortune Brands Home & Security by 10.8% in the 2nd quarter. D.A. Davidson & CO. now owns 10,518 shares of the industrial products company’s stock valued at $565,000 after acquiring an additional 1,024 shares during the period. Creative Planning increased its position in Fortune Brands Home & Security by 16.8% in the 2nd quarter. Creative Planning now owns 7,817 shares of the industrial products company’s stock valued at $420,000 after acquiring an additional 1,123 shares during the period. Meeder Asset Management Inc. increased its position in Fortune Brands Home & Security by 10.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,342 shares of the industrial products company’s stock valued at $698,000 after acquiring an additional 1,239 shares during the period. Finally, Peloton Wealth Strategists increased its position in Fortune Brands Home & Security by 6.3% in the 2nd quarter. Peloton Wealth Strategists now owns 21,825 shares of the industrial products company’s stock valued at $1,172,000 after acquiring an additional 1,300 shares during the period. 85.21% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on FBHS shares. Credit Suisse Group set a $57.00 price target on Fortune Brands Home & Security and gave the company a “buy” rating in a research report on Wednesday, October 17th. Longbow Research cut Fortune Brands Home & Security from a “buy” rating to a “neutral” rating in a research report on Friday, October 12th. ValuEngine cut Fortune Brands Home & Security from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. Goldman Sachs Group started coverage on Fortune Brands Home & Security in a research report on Tuesday, October 2nd. They issued a “neutral” rating and a $64.00 price target on the stock. Finally, Nomura dropped their price target on Fortune Brands Home & Security from $56.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $61.58.

NYSE FBHS opened at $42.82 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.30. Fortune Brands Home & Security Inc has a 12-month low of $40.89 and a 12-month high of $73.62. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.19 and a beta of 1.31.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Thursday, October 25th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.12). Fortune Brands Home & Security had a return on equity of 20.95% and a net margin of 7.94%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.44 billion. As a group, equities research analysts forecast that Fortune Brands Home & Security Inc will post 3.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, November 30th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, November 29th. Fortune Brands Home & Security’s payout ratio is 25.97%.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $51.31, for a total transaction of $256,550.00. Following the transaction, the director now owns 14,142 shares in the company, valued at approximately $725,626.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.71% of the company’s stock.

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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 four segments: Cabinets, Plumbing, Doors, and 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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