TIAA CREF Investment Management LLC increased its stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 12.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,407,612 shares of the industrial products company’s stock after buying an additional 150,554 shares during the quarter. TIAA CREF Investment Management LLC owned 0.91% of Fortune Brands Home & Security worth $91,833,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FBHS. United States Steel & Carnegie Pension Fund boosted its holdings in shares of Fortune Brands Home & Security by 46.1% in the 1st quarter. United States Steel & Carnegie Pension Fund now owns 644,262 shares of the industrial products company’s stock worth $39,203,000 after buying an additional 203,200 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Fortune Brands Home & Security by 95.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 12,732 shares of the industrial products company’s stock worth $801,000 after buying an additional 6,228 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Fortune Brands Home & Security by 2.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,420,038 shares of the industrial products company’s stock worth $86,409,000 after buying an additional 35,171 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Fortune Brands Home & Security by 3.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,362 shares of the industrial products company’s stock valued at $1,908,000 after purchasing an additional 923 shares during the last quarter. Finally, World Asset Management Inc lifted its holdings in Fortune Brands Home & Security by 19.3% during the first quarter. World Asset Management Inc now owns 17,032 shares of the industrial products company’s stock valued at $1,036,000 after purchasing an additional 2,756 shares during the last quarter. 88.34% of the stock is currently owned by institutional investors.

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

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, beating the Zacks’ 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 firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts forecast that Fortune Brands Home & Security, Inc. will post $3.10 earnings per share for the current year.

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

In related news, CEO Christopher J. Klein sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total value of $3,766,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider E Lee Wyatt sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $65.20, for a total value of $2,608,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,600 shares of company stock worth $10,114,136. Insiders own 1.61% of the company’s stock.

Several research firms have commented on FBHS. Longbow Research raised shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a report on Wednesday, June 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $76.00 price objective on shares of Fortune Brands Home & Security in a report on Thursday, June 1st. BidaskClub downgraded shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $68.69.

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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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