Fortune Brands Home & Security (NYSE:FBHS).
Baird Financial Group, Inc. says it sold 114,558 shares in the previous quarter decreasing its holdings in Fortune Brands Home & Security by 18.0%. Its investment was worth $35,110,000 a decrease of 15.5% according to the filing.
The following firms have recently changed their position in FBHS. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS grew its position by buying 1,095 shares an increase of 9.6%. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS controls 12,525 shares with a value of $842,000. The total value of its holdings increased 12.9%. As of the end of the quarter Raymond James & Associates had bought 1,031 shares growing its position 4.4%. The value of the company’s investment in Fortune Brands Home & Security increased from $1,528,000 to $1,644,000 a change of 7.6% for the reporting period.
Baird Financial Group, Inc. cut its ownership by selling 114,558 shares a decrease of 18.0% from 06/30/2017 to 09/30/2017. Baird Financial Group, Inc. claims 522,232 shares worth $35,110,000. The value of the position overall is down by 15.5%. As of quarter end Baird Financial Group, Inc. had disposed of a total of 114,558 shares trimming its stake by 18.0%. The value of the investment in Fortune Brands Home & Security went from $41,544,000 to $35,110,000 a change of $6,434,000 since the last quarter.
Agf Investments Inc. divested its holdings by selling 23,538 shares a decrease of 4.5% in the quarter. Agf Investments Inc. now controls 500,175 shares valued at $33,627,000. The value of the position overall is down by 1.6%.
J P Morgan Chase & Co raised the price target on October 30 boosting the projection from $70.00 to $78.00 and issued a “Overweight” recommendation. Equity analyst Citigroup raised the price target of the stock on October 27 changing the price objective from $68.00 to $71.00 with a “Neutral” recommendation.
Equity analyst Credit Suisse Group raised the price target on October 26 changing the forecast from $72.00 to $74.00 with a rating of “Outperform”. October 24 investment analysts at Robert W. Baird maintained a company rating of “Buy” with a current price target of $72.00.
On October 12 Jefferies Group LLC kept the company rating at “Buy” targeting a price of $78.00. September 25 investment analysts at Royal Bank Of Canada left the company rating at “Buy” projecting a price of $75.00.
In the market the company is trading down by 0.76% percent from yesterday’s close. The company currently has a P/E ratio of 22.25 and the market cap of the company is 9.75B. As of the last earnings report the EPS was $2.89 with 151.80M shares currently outstanding.
Investors are a little more bullish on Fortune Brands Home & Security if you pay attention to the downtick in short interest. The stock realized a fall in short interest from October 13, 2017 to October 31, 2017 of -10.30%. Short shares decreased from 6,066,872 to 5,442,248 over that period. With short interest at 5,442,248 and short average daily volume at 1,224,789, days to cover is 4.0 and the short interest percentage is 0.04% as of October 31.