Pacer Advisors Inc. boosted its stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,265 shares of the industrial products company’s stock after purchasing an additional 261 shares during the quarter. Pacer Advisors Inc.’s holdings in Fortune Brands Home & Security were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Utah Retirement Systems boosted its stake in Fortune Brands Home & Security by 0.7% in the 2nd quarter. Utah Retirement Systems now owns 28,085 shares of the industrial products company’s stock worth $1,832,000 after purchasing an additional 200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Fortune Brands Home & Security by 23.1% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,833 shares of the industrial products company’s stock valued at $2,664,000 after acquiring an additional 7,654 shares in the last quarter. Andra AP fonden raised its holdings in shares of Fortune Brands Home & Security by 25.2% in the 2nd quarter. Andra AP fonden now owns 15,400 shares of the industrial products company’s stock valued at $1,005,000 after acquiring an additional 3,100 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Fortune Brands Home & Security in the 2nd quarter valued at about $406,000. Finally, Prudential Financial Inc. raised its holdings in shares of Fortune Brands Home & Security by 28.0% in the 2nd quarter. Prudential Financial Inc. now owns 274,160 shares of the industrial products company’s stock valued at $17,886,000 after acquiring an additional 59,960 shares in the last quarter. Institutional investors and hedge funds own 88.34% of the company’s stock.

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

In related news, insider E Lee Wyatt sold 2,600 shares of the business’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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Christopher J. Klein sold 60,000 shares of the business’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. Insiders sold 157,600 shares of company stock worth $10,114,136 over the last quarter. 1.61% of the stock is owned by company insiders.

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 company’s 50 day moving average price is $63.81 and its 200-day moving average price is $63.24. The stock has a market capitalization of $9.97 billion, a PE ratio of 23.05 and a beta of 1.37.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Friday, August 25th were given a $0.18 dividend. 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 dividend payout ratio is currently 25.35%.

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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.

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

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