Baring Asset Management Ltd buys $12,379,051 stake in Fortune Brands Home & Security Inc (FBHS)

Fortune Brands Home & Security Inc (FBHS) : Baring Asset Management Ltd scooped up 28,419 additional shares in Fortune Brands Home & Security Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 200,438 shares of Fortune Brands Home & Security Inc which is valued at $12,379,051.Fortune Brands Home & Security Inc makes up approximately 0.98% of Baring Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Shell Asset Management Co boosted its stake in FBHS in the latest quarter, The investment management firm added 2,588 additional shares and now holds a total of 11,335 shares of Fortune Brands Home & Security Inc which is valued at $700,050. Fortune Brands Home & Security Inc makes up approx 0.02% of Shell Asset Management Co’s portfolio. Pennsylvania Trust Co sold out all of its stake in FBHS during the most recent quarter. The investment firm sold 4,572 shares of FBHS which is valued $281,589.Nordea Investment Management Ab boosted its stake in FBHS in the latest quarter, The investment management firm added 1,844 additional shares and now holds a total of 6,321 shares of Fortune Brands Home & Security Inc which is valued at $389,310.Capstone Asset Management Co boosted its stake in FBHS in the latest quarter, The investment management firm added 1,250 additional shares and now holds a total of 16,373 shares of Fortune Brands Home & Security Inc which is valued at $1,004,975. Fortune Brands Home & Security Inc makes up approx 0.03% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in FBHS in the latest quarter, The investment management firm added 2,344 additional shares and now holds a total of 6,189 shares of Fortune Brands Home & Security Inc which is valued at $379,881.

Fortune Brands Home & Security Inc closed down -0.57 points or -0.89% at $63.27 with 18,27,175 shares getting traded on Friday. Post opening the session at $63.67, the shares hit an intraday low of $63.21 and an intraday high of $64.21 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Fortune Brands Home & Security Inc reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.73. The company had revenue of $1298.00 million for the quarter, compared to analysts expectations of $1322.54 million. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on Fortune Brands Home & Security Inc. Company shares were Reiterated by RBC Capital Mkts on Jul 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 70 from a previous price target of $65 .Jefferies Initiated Fortune Brands Home & Security Inc on Jul 6, 2016 to “Buy”, Price Target of the shares are set at $67.Topeka Capital Markets Initiated Fortune Brands Home & Security Inc on May 24, 2016 to “Buy”, Price Target of the shares are set at $64.

Fortune Brands Home & Security Inc. is a holding company. The Company through its subsidiaries engaged in manufacture and sale of home and security products. The Company operates through four business segments: Cabinets Plumbing Doors and Security. The Cabinets segment provides cabinetry as well as vanities for the kitchen bath and other parts of the home through a regional supply chain footprint in North America. The Plumbing segment manufactures or assembles and sells faucets accessories and kitchen sinks in North America and China predominantly under the Moen brand. The Doors segment offers fiberglass and steel entry door systems under the Therma-Tru brand and urethane millwork product lines under the Fypon brand. The Security segment’s products consist of locks safety and security devices manufactured sourced and distributed under the Master Lock brand and fire resistant safes and commercial cabinets manufactured sourced and distributed under the SentrySafe brand.

Comments (0)

Leave a Reply

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