Riverpoint Capital Management buys $17.6 Million stake in Fortune Brands Home & Security Inc (FBHS)

Fortune Brands Home & Security Inc (FBHS) : Riverpoint Capital Management scooped up 68,706 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 May 12, 2016. The investment management firm now holds a total of 318,202 shares of Fortune Brands Home & Security Inc which is valued at $17.6 Million.Fortune Brands Home & Security Inc makes up approximately 1.74% of Riverpoint Capital Management’s portfolio.

Other Hedge Funds, Including , Mackenzie Financial Corp reduced its stake in FBHS by selling 13,500 shares or 38.79% in the most recent quarter. The Hedge Fund company now holds 21,300 shares of FBHS which is valued at $1.2 Million. Fortune Brands Home & Security Inc makes up approx 0.01% of Mackenzie Financial Corp’s portfolio. Focused Wealth Management Inc sold out all of its stake in FBHS during the most recent quarter. The investment firm sold 114 shares of FBHS which is valued $6,317.Liberty Mutual Group Asset Management reduced its stake in FBHS by selling 39,778 shares or 38.58% in the most recent quarter. The Hedge Fund company now holds 63,332 shares of FBHS which is valued at $3.6 Million. Fortune Brands Home & Security Inc makes up approx 0.15% of Liberty Mutual Group Asset Management’s portfolio.Gabelli Funds reduced its stake in FBHS by selling 30,600 shares or 4.38% in the most recent quarter. The Hedge Fund company now holds 668,000 shares of FBHS which is valued at $37.5 Million. Fortune Brands Home & Security Inc makes up approx 0.23% of Gabelli Funds’s portfolio.World Asset Management Inc boosted its stake in FBHS in the latest quarter, The investment management firm added 65 additional shares and now holds a total of 8,262 shares of Fortune Brands Home & Security Inc which is valued at $457,797. Fortune Brands Home & Security Inc makes up approx 0.02% of World Asset Management Inc’s portfolio.

Fortune Brands Home & Security Inc opened for trading at $56.94 and hit $57.92 on the upside on Friday, eventually ending the session at $57.68, with a gain of 1.76% or 1 points. The heightened volatility saw the trading volume jump to 10,73,036 shares. Company has a market cap of $8,847 M.

On the company’s financial health, Fortune Brands Home & Security Inc reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.34. The company had revenue of $1106.50 million for the quarter, compared to analysts expectations of $1103.56 million. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Investors should note that on Apr 25, 2016, Fortune Brands Home & Security Inc announced a cash dividend of $0.1600. The company’s management has announced May 25, 2016 as the ex-dividend date and fixed the record date on May 27, 2016. The payable date has been fixed on Jun 15, 2016.

Many Wall Street Analysts have commented on Fortune Brands Home & Security Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $62 .

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.

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