Marcato Capital Management LP lowered its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 232,000 shares of the industrial products company’s stock after selling 18,000 shares during the period. Fortune Brands Home & Security makes up approximately 1.9% of Marcato Capital Management LP’s investment portfolio, making the stock its 10th largest holding. Marcato Capital Management LP owned 0.16% of Fortune Brands Home & Security worth $8,814,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Fortune Brands Home & Security by 20.3% during the 3rd quarter. BlackRock Inc. now owns 16,204,204 shares of the industrial products company’s stock worth $848,454,000 after buying an additional 2,733,216 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Fortune Brands Home & Security by 239.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,103,010 shares of the industrial products company’s stock worth $57,754,000 after buying an additional 777,948 shares during the period. Federated Investors Inc. PA raised its stake in shares of Fortune Brands Home & Security by 23,019.0% during the 3rd quarter. Federated Investors Inc. PA now owns 645,713 shares of the industrial products company’s stock worth $33,810,000 after buying an additional 642,920 shares during the period. Carillon Tower Advisers Inc. raised its stake in shares of Fortune Brands Home & Security by 101.3% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 948,381 shares of the industrial products company’s stock worth $49,657,000 after buying an additional 477,216 shares during the period. Finally, Two Sigma Advisers LP raised its stake in shares of Fortune Brands Home & Security by 156.3% during the 4th quarter. Two Sigma Advisers LP now owns 757,384 shares of the industrial products company’s stock worth $28,773,000 after buying an additional 461,912 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

NYSE FBHS opened at $46.44 on Tuesday. Fortune Brands Home & Security Inc has a one year low of $35.27 and a one year high of $61.90. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.13 and a quick ratio of 0.68. The firm has a market capitalization of $6.53 billion, a P/E ratio of 13.90, a PEG ratio of 1.42 and a beta of 1.46.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, January 31st. The industrial products company reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.08). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.46 billion. Fortune Brands Home & Security had a net margin of 7.10% and a return on equity of 21.91%. On average, sell-side analysts forecast that Fortune Brands Home & Security Inc will post 3.63 earnings per share for the current year.

FBHS has been the subject of several research analyst reports. Goldman Sachs Group raised Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Sunday, December 9th. Evercore ISI raised Fortune Brands Home & Security from an “in-line” rating to an “outperform” rating in a research note on Monday, January 7th. Bank of America raised Fortune Brands Home & Security from an “underperform” rating to a “neutral” rating and set a $47.00 price objective for the company in a research note on Friday, January 4th. Credit Suisse Group set a $49.00 price objective on Fortune Brands Home & Security and gave the company a “buy” rating in a research note on Friday, January 11th. Finally, Loop Capital increased their price objective on Fortune Brands Home & Security to $44.00 and gave the company a “hold” rating in a research note on Friday, February 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $54.27.

In other Fortune Brands Home & Security news, VP Danny Luburic sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $46.96, for a total value of $93,920.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.71% of the stock is owned by corporate insiders.

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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 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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