Standard Life Investments Ltd Lowers stake in Fortune Brands Home & Security Inc (FBHS)

Fortune Brands Home & Security Inc (FBHS) : Standard Life Investments Ltd reduced its stake in Fortune Brands Home & Security Inc by 0.55% during the most recent quarter end. The investment management company now holds a total of 8,869,919 shares of Fortune Brands Home & Security Inc which is valued at $491.5 Million after selling 49,133 shares in Fortune Brands Home & Security Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Fortune Brands Home & Security Inc makes up approximately 2.23% of Standard Life Investments Ltd’s portfolio.

Other Hedge Funds, Including , Proshare Advisors reduced its stake in FBHS by selling 426 shares or 2.57% in the most recent quarter. The Hedge Fund company now holds 16,123 shares of FBHS which is valued at $905,145. Fortune Brands Home & Security Inc makes up approx 0.01% of Proshare Advisors’s portfolio. Quantitative Investment Management sold out all of its stake in FBHS during the most recent quarter. The investment firm sold 42,200 shares of FBHS which is valued $2.4 Million.

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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