Caldwell & Orkin Inc. Acquires 22,900 Shares of Fortune Brands Home & Security, Inc. (FBHS)

Caldwell & Orkin Inc. raised its position in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 618.9% during the fourth quarter, Holdings Channel reports. The fund owned 26,600 shares of the company’s stock after buying an additional 22,900 shares during the period. Caldwell & Orkin Inc.’s holdings in Fortune Brands Home & Security were worth $1,422,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the stock. Federated Investors Inc. PA boosted its stake in shares of Fortune Brands Home & Security by 114.6% in the fourth quarter. Federated Investors Inc. PA now owns 6,466 shares of the company’s stock worth $345,000 after buying an additional 3,453 shares during the last quarter. TCW Group Inc. boosted its stake in Fortune Brands Home & Security by 0.4% in the fourth quarter. TCW Group Inc. now owns 11,400 shares of the company’s stock valued at $609,000 after buying an additional 50 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Fortune Brands Home & Security by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 751,583 shares of the company’s stock valued at $40,182,000 after buying an additional 7,904 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Fortune Brands Home & Security by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,846 shares of the company’s stock valued at $473,000 after buying an additional 56 shares in the last quarter. Finally, FNY Partners Fund LP purchased a new stake in Fortune Brands Home & Security during the fourth quarter valued at $187,000. 89.07% of the stock is owned by institutional investors.

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

Fortune Brands Home & Security, Inc. (NYSE:FBHS) traded up 0.02% during mid-day trading on Monday, reaching $57.08. 601,489 shares of the company’s stock were exchanged. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 21.83 and a beta of 1.27. The stock has a 50-day moving average of $55.16 and a 200-day moving average of $57.29. Fortune Brands Home & Security, Inc. has a one year low of $45.40 and a one year high of $64.47.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Tuesday, January 31st. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. Fortune Brands Home & Security had a return on equity of 18.68% and a net margin of 8.18%. The firm earned $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business posted $0.54 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Fortune Brands Home & Security, Inc. will post $3.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Friday, February 24th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, February 22nd. This represents a $0.72 annualized dividend and a dividend yield of 1.26%. This is a boost from Fortune Brands Home & Security’s previous quarterly dividend of $0.16. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 24.71%.

“Caldwell & Orkin Inc. Acquires 22,900 Shares of Fortune Brands Home & Security, Inc. (FBHS)” was originally published by sleekmoney and is owned by of sleekmoney. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be accessed at http://sleekmoney.com/caldwell-orkin-inc-acquires-22900-shares-of-fortune-brands-home-security-inc-fbhs/1658987.html.

FBHS has been the subject of several recent analyst reports. J P Morgan Chase & Co raised shares of Fortune Brands Home & Security from a “neutral” rating to an “overweight” rating and set a $68.00 price objective for the company in a research report on Monday, October 31st. Royal Bank Of Canada cut their price objective on shares of Fortune Brands Home & Security from $70.00 to $66.00 and set an “outperform” rating for the company in a research report on Thursday, October 27th. Goldman Sachs Group, Inc. (The) cut shares of Fortune Brands Home & Security from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $62.00 to $59.00 in a research report on Monday, December 12th. KeyCorp cut shares of Fortune Brands Home & Security to a “hold” rating in a research report on Tuesday, November 22nd. Finally, Zelman & Associates raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a research report on Monday, December 5th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $63.86.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc is a holding company. The Company is a home and security products company with a portfolio of branded products used for residential home repair, remodeling, new construction and security applications. The Company operates through four segments: Cabinets, Plumbing, Doors and Security.

5 Day Chart for NYSE:FBHS

Want to see what other hedge funds are holding FBHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortune Brands Home & Security, Inc. (NYSE:FBHS).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/caldwell-orkin-inc-acquires-22900-shares-of-fortune-brands-home-security-inc-fbhs/1658987.html

Receive News & Ratings for Fortune Brands Home & Security Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *