As United States Stl New (X) Stock Declined, Holder Texas Permanent School Fund Has Cut Stake; Pictet Asset Management LTD Decreased Its Fortune Brands Home & Sec In (FBHS) Position by $23.73 Million as Stock Value Declined

April 22, 2018 - By Darrin Black

Fortune Brands Home & Security, Inc. (NYSE:FBHS) Logo

Pictet Asset Management Ltd decreased its stake in Fortune Brands Home & Sec In (FBHS) by 13.73% based on its latest 2017Q4 regulatory filing with the SEC. Pictet Asset Management Ltd sold 349,041 shares as the company’s stock declined 14.97% with the market. The institutional investor held 2.19M shares of the basic industries company at the end of 2017Q4, valued at $150.13M, down from 2.54M at the end of the previous reported quarter. Pictet Asset Management Ltd who had been investing in Fortune Brands Home & Sec In for a number of months, seems to be less bullish one the $8.45 billion market cap company. The stock decreased 0.71% or $0.41 during the last trading session, reaching $57.1. About 1.80M shares traded or 5.73% up from the average. Fortune Brands Home & Security, Inc. (NYSE:FBHS) has declined 3.33% since April 22, 2017 and is downtrending. It has underperformed by 14.88% the S&P500.

Texas Permanent School Fund decreased its stake in United States Stl Corp New (X) by 7.41% based on its latest 2017Q4 regulatory filing with the SEC. Texas Permanent School Fund sold 9,446 shares as the company’s stock declined 4.10% with the market. The institutional investor held 118,064 shares of the steel and iron ore company at the end of 2017Q4, valued at $4.16M, down from 127,510 at the end of the previous reported quarter. Texas Permanent School Fund who had been investing in United States Stl Corp New for a number of months, seems to be less bullish one the $6.46B market cap company. The stock decreased 1.85% or $0.69 during the last trading session, reaching $36.65. About 9.81M shares traded. United States Steel Corporation (NYSE:X) has risen 4.31% since April 22, 2017 and is uptrending. It has underperformed by 7.24% the S&P500.

Texas Permanent School Fund, which manages about $7.99 billion US Long portfolio, upped its stake in Select Sector Spdr Tr (XLV) by 14,302 shares to 40,018 shares, valued at $3.31M in 2017Q4, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLF) by 17,853 shares in the quarter, for a total of 143,374 shares, and has risen its stake in Intuitive Surgical Inc (NASDAQ:ISRG).

Analysts await United States Steel Corporation (NYSE:X) to report earnings on April, 26 after the close. They expect $0.29 EPS, up 134.94% or $1.12 from last year’s $-0.83 per share. X’s profit will be $51.09M for 31.59 P/E if the $0.29 EPS becomes a reality. After $0.76 actual EPS reported by United States Steel Corporation for the previous quarter, Wall Street now forecasts -61.84% negative EPS growth.

Among 25 analysts covering United States Steel Corporation (NYSE:X), 10 have Buy rating, 3 Sell and 12 Hold. Therefore 40% are positive. United States Steel Corporation had 110 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Hold” rating by Cowen & Co given on Thursday, February 1. Bank of America maintained the stock with “Buy” rating in Monday, January 8 report. As per Monday, November 14, the company rating was upgraded by Morgan Stanley. Jefferies maintained the stock with “Hold” rating in Wednesday, September 16 report. Bank of America maintained the stock with “Buy” rating in Friday, October 20 report. The stock of United States Steel Corporation (NYSE:X) has “Sell” rating given on Friday, August 21 by Axiom Capital. The stock has “Neutral” rating by Rosenblatt on Monday, November 21. The stock of United States Steel Corporation (NYSE:X) has “Sell” rating given on Friday, April 8 by UBS. The company was initiated on Monday, November 2 by Rosenblatt. The company was downgraded on Thursday, January 19 by Citigroup.

Among 20 analysts covering Fortune Brands Home & Security (NYSE:FBHS), 14 have Buy rating, 0 Sell and 6 Hold. Therefore 70% are positive. Fortune Brands Home & Security had 57 analyst reports since July 24, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Hold” rating in Monday, May 1 report. The stock has “Outperform” rating by RBC Capital Markets on Thursday, December 10. The firm has “Buy” rating by Jefferies given on Wednesday, October 11. Citigroup maintained the shares of FBHS in report on Friday, October 27 with “Neutral” rating. The firm has “Buy” rating given on Monday, July 17 by RBC Capital Markets. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, September 19 report. The company was initiated on Friday, September 23 by Bank of America. The company was upgraded on Monday, October 31 by JP Morgan. Macquarie Research maintained the stock with “Outperform” rating in Friday, December 16 report. The firm has “Neutral” rating by Nomura given on Friday, February 2.

Investors sentiment increased to 1.41 in 2017 Q4. Its up 0.43, from 0.98 in 2017Q3. It increased, as 18 investors sold FBHS shares while 136 reduced holdings. 72 funds opened positions while 145 raised stakes. 127.08 million shares or 1.89% more from 124.72 million shares in 2017Q3 were reported. Greenwood Cap Associate Limited Liability Com reported 8,543 shares or 0.14% of all its holdings. Gamco Investors Inc Et Al stated it has 0.51% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Janney Montgomery Scott Ltd has 12,428 shares. Covington Cap Management stated it has 219 shares. 15,000 are owned by Cibc Asset. Srb accumulated 2,875 shares. Gw Henssler & Assoc Limited has invested 0.08% in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Bessemer Grp Incorporated reported 0% stake. Calamos Advsr Ltd Limited Liability Company accumulated 82,763 shares or 0.03% of the stock. Ferguson Wellman Capital Mngmt owns 0.01% invested in Fortune Brands Home & Security, Inc. (NYSE:FBHS) for 5,844 shares. State Street invested 0.04% of its portfolio in Fortune Brands Home & Security, Inc. (NYSE:FBHS). Meiji Yasuda Life accumulated 6,190 shares. Ameritas Inv Prtnrs Inc accumulated 4,799 shares or 0.01% of the stock. Pictet Asset Ltd holds 2.19M shares. Los Angeles Mngmt And Equity Rech Incorporated reported 50,645 shares or 0.02% of all its holdings.

Since October 27, 2017, it had 0 insider purchases, and 3 sales for $6.35 million activity. KLEIN CHRISTOPHER J had sold 85,000 shares worth $5.71 million.

Pictet Asset Management Ltd, which manages about $38.87 billion US Long portfolio, upped its stake in Church & Dwight Inc (NYSE:CHD) by 6,368 shares to 135,268 shares, valued at $6.79 million in 2017Q4, according to the filing. It also increased its holding in Irobot Corp (NASDAQ:IRBT) by 469,933 shares in the quarter, for a total of 999,137 shares, and has risen its stake in General Mls Inc (NYSE:GIS).

Analysts await Fortune Brands Home & Security, Inc. (NYSE:FBHS) to report earnings on April, 26 after the close. They expect $0.59 EPS, up 11.32% or $0.06 from last year’s $0.53 per share. FBHS’s profit will be $87.33M for 24.19 P/E if the $0.59 EPS becomes a reality. After $0.80 actual EPS reported by Fortune Brands Home & Security, Inc. for the previous quarter, Wall Street now forecasts -26.25% negative EPS growth.

Fortune Brands Home & Security, Inc. (NYSE:FBHS) Institutional Positions Chart

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