Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,430 shares of the industrial products company’s stock after purchasing an additional 75 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Fortune Brands Home & Security were worth $746,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Global X Management Co. LLC lifted its holdings in shares of Fortune Brands Home & Security by 28.7% during the first quarter. Global X Management Co. LLC now owns 2,106 shares of the industrial products company’s stock worth $128,000 after buying an additional 470 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Fortune Brands Home & Security by 1.9% during the second quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock worth $137,000 after buying an additional 40 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of Fortune Brands Home & Security by 3.5% during the first quarter. Salem Investment Counselors Inc. now owns 2,454 shares of the industrial products company’s stock worth $148,000 after buying an additional 83 shares in the last quarter. NN Investment Partners Holdings N.V. lifted its holdings in shares of Fortune Brands Home & Security by 205.6% during the first quarter. NN Investment Partners Holdings N.V. now owns 2,750 shares of the industrial products company’s stock worth $168,000 after buying an additional 1,850 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of Fortune Brands Home & Security by 3.3% during the first quarter. Pacer Advisors Inc. now owns 3,004 shares of the industrial products company’s stock worth $183,000 after buying an additional 95 shares in the last quarter. 88.34% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the company. BidaskClub downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Royal Bank Of Canada reissued a “buy” rating and set a $75.00 target price on shares of Fortune Brands Home & Security in a report on Tuesday, July 18th. Jefferies Group LLC reissued a “buy” rating and set a $76.00 target price on shares of Fortune Brands Home & Security in a report on Friday, July 14th. Credit Suisse Group assumed coverage on Fortune Brands Home & Security in a report on Thursday, June 22nd. They set an “outperform” rating and a $72.00 target price for the company. Finally, Longbow Research raised Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $68.69.

Fortune Brands Home & Security, Inc. (NYSE:FBHS) opened at 64.74 on Friday. The firm has a market cap of $9.97 billion, a P/E ratio of 23.05 and a beta of 1.37. Fortune Brands Home & Security, Inc. has a 1-year low of $52.05 and a 1-year high of $67.50. The company has a 50-day moving average price of $63.81 and a 200-day moving average price of $63.24.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Friday, August 25th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.72 annualized dividend and a yield of 1.11%. Fortune Brands Home & Security’s dividend payout ratio is currently 25.35%.

In other Fortune Brands Home & Security news, insider E Lee Wyatt sold 2,600 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $65.11, for a total value of $169,286.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher J. Klein sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total value of $3,766,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,600 shares of company stock valued at $10,114,136. 1.61% of the stock is owned by corporate insiders.

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About Fortune Brands Home & Security

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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