Envestnet Asset Management Inc. Has $675,000 Stake in Fortune Brands Home & Security (NYSE:FBHS)

Envestnet Asset Management Inc. cut its holdings in Fortune Brands Home & Security (NYSE:FBHS) by 44.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,872 shares of the industrial products company’s stock after selling 7,797 shares during the period. Envestnet Asset Management Inc.’s holdings in Fortune Brands Home & Security were worth $675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Deutsche Bank AG raised its position in Fortune Brands Home & Security by 67.8% in the fourth quarter. Deutsche Bank AG now owns 634,287 shares of the industrial products company’s stock worth $43,405,000 after acquiring an additional 256,284 shares during the period. Captrust Financial Advisors bought a new position in Fortune Brands Home & Security in the fourth quarter worth approximately $122,000. Comerica Bank raised its position in Fortune Brands Home & Security by 20.6% in the fourth quarter. Comerica Bank now owns 47,596 shares of the industrial products company’s stock worth $3,480,000 after acquiring an additional 8,129 shares during the period. Financial Counselors Inc. raised its position in Fortune Brands Home & Security by 4.3% in the fourth quarter. Financial Counselors Inc. now owns 33,212 shares of the industrial products company’s stock worth $2,273,000 after acquiring an additional 1,382 shares during the period. Finally, Pensionfund DSM Netherlands bought a new position in Fortune Brands Home & Security in the fourth quarter worth approximately $3,011,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

In related news, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $57.43, for a total transaction of $287,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.71% of the company’s stock.

Several brokerages have recently commented on FBHS. Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Friday. Loop Capital began coverage on shares of Fortune Brands Home & Security in a research report on Thursday, March 1st. They set a “buy” rating and a $77.00 price objective on the stock. Gabelli upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Monday, February 12th. Barclays decreased their price objective on shares of Fortune Brands Home & Security from $71.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Finally, Nomura decreased their price objective on shares of Fortune Brands Home & Security from $78.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $73.00.

FBHS opened at $57.10 on Friday. The firm has a market cap of $8,676.34, a P/E ratio of 18.54, a P/E/G ratio of 1.30 and a beta of 1.39. Fortune Brands Home & Security has a fifty-two week low of $56.59 and a fifty-two week high of $73.62. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.77 and a quick ratio of 1.13.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.80 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.95% and a return on equity of 18.73%. Fortune Brands Home & Security’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company posted $0.71 earnings per share. research analysts predict that Fortune Brands Home & Security will post 3.63 EPS for the current year.

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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.

Institutional Ownership by Quarter for Fortune Brands Home & Security (NYSE:FBHS)

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