Huntington National Bank maintained its stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,893 shares of the industrial products company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Fortune Brands Home & Security were worth $450,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Welch Group LLC acquired a new stake in Fortune Brands Home & Security during the first quarter worth approximately $112,000. State of Alaska Department of Revenue purchased a new stake in shares of Fortune Brands Home & Security during the first quarter valued at approximately $126,000. Global X Management Co. LLC boosted its stake in shares of Fortune Brands Home & Security by 28.7% in the first quarter. Global X Management Co. LLC now owns 2,106 shares of the industrial products company’s stock valued at $128,000 after buying an additional 470 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of Fortune Brands Home & Security by 3.5% in the first quarter. Salem Investment Counselors Inc. now owns 2,454 shares of the industrial products company’s stock valued at $148,000 after buying an additional 83 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its stake in shares of Fortune Brands Home & Security by 205.6% in the first quarter. NN Investment Partners Holdings N.V. now owns 2,750 shares of the industrial products company’s stock valued at $168,000 after buying an additional 1,850 shares during the last quarter. Institutional investors and hedge funds own 85.89% of the company’s stock.

Shares of Fortune Brands Home & Security, Inc. (NYSE FBHS) opened at 65.23 on Monday. The stock has a market cap of $10.22 billion, a P/E ratio of 23.22 and a beta of 1.39. The firm’s 50-day moving average price is $65.79 and its 200 day moving average price is $61.68. Fortune Brands Home & Security, Inc. has a one year low of $52.05 and a one year high of $67.50.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.61% and a return on equity of 18.93%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.82 earnings per share. Equities research analysts expect that Fortune Brands Home & Security, Inc. will post $3.10 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Friday, August 25th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 23rd. Fortune Brands Home & Security’s dividend payout ratio is currently 25.35%.

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Several analysts recently commented on the company. Zacks Investment Research cut Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub lowered Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Wells Fargo & Company lowered Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price objective on the stock. in a research note on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $76.00 price target on shares of Fortune Brands Home & Security in a research note on Friday, July 14th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $67.73.

In other Fortune Brands Home & Security news, CFO E Lee Wyatt sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $63.48, for a total value of $2,539,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher J. Klein sold 40,063 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $63.13, for a total transaction of $2,529,177.19. The disclosure for this sale can be found here. In the last three months, insiders sold 153,265 shares of company stock valued at $9,778,418. 1.61% of the stock is currently owned by company insiders.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc is a holding company. The Company operates through four segments. The Cabinets segment includes custom, semi-custom and stock cabinetry for the kitchen, bath and other parts of the home under brand names, including Aristokraft, Mid-Continent, Diamond, Kitchen Classics, Kitchen Craft, Schrock, Omega, Homecrest, Thomasville, StarMark and Ultracraft.

Institutional Ownership by Quarter for Fortune Brands Home & Security (NYSE:FBHS)

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