Canada Pension Plan Investment Board decreased its stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 56.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,672 shares of the industrial products company’s stock after selling 50,211 shares during the period. Canada Pension Plan Investment Board’s holdings in Fortune Brands Home & Security were worth $2,523,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in FBHS. Vanguard Group Inc. boosted its position in Fortune Brands Home & Security by 2.8% in the first quarter. Vanguard Group Inc. now owns 14,700,272 shares of the industrial products company’s stock valued at $894,511,000 after buying an additional 398,436 shares in the last quarter. BlackRock Inc. boosted its position in Fortune Brands Home & Security by 1,433.3% in the first quarter. BlackRock Inc. now owns 12,580,467 shares of the industrial products company’s stock valued at $765,522,000 after buying an additional 11,759,987 shares in the last quarter. American Century Companies Inc. boosted its position in Fortune Brands Home & Security by 5.4% in the first quarter. American Century Companies Inc. now owns 4,550,231 shares of the industrial products company’s stock valued at $276,882,000 after buying an additional 233,895 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in Fortune Brands Home & Security by 25.9% in the second quarter. Pictet Asset Management Ltd. now owns 2,500,219 shares of the industrial products company’s stock valued at $157,763,000 after buying an additional 514,041 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Fortune Brands Home & Security by 8.9% in the first quarter. Geode Capital Management LLC now owns 1,503,520 shares of the industrial products company’s stock valued at $91,360,000 after buying an additional 122,830 shares in the last quarter. 85.73% of the stock is currently owned by institutional investors.

Shares of Fortune Brands Home & Security, Inc. (NYSE FBHS) opened at 62.35 on Friday. The firm’s 50-day moving average is $65.01 and its 200-day moving average is $62.59. Fortune Brands Home & Security, Inc. has a 12-month low of $52.05 and a 12-month high of $67.50. The company has a market capitalization of $9.60 billion, a PE ratio of 22.20 and a beta of 1.39.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Friday, August 25th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.15%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 25.35%.

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Several equities analysts have recently commented on FBHS shares. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Tuesday, June 27th. Royal Bank Of Canada restated a “buy” rating and set a $75.00 price target on shares of Fortune Brands Home & Security in a report on Monday, August 21st. Jefferies Group LLC restated a “buy” rating and set a $76.00 price target on shares of Fortune Brands Home & Security in a report on Thursday, June 1st. Barclays PLC restated a “hold” rating and set a $62.00 price target on shares of Fortune Brands Home & Security in a report on Friday, April 28th. Finally, Wells Fargo & Company cut shares of Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price target on the stock. in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $68.43.

In related news, CEO Christopher J. Klein sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $62.78, for a total value of $3,766,800.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider E Lee Wyatt sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $65.20, for a total transaction of $2,608,000.00. The disclosure for this sale can be found here. Insiders sold 253,265 shares of company stock valued at $16,153,218 over the last 90 days. 1.61% of the stock is 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.

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

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