Public Sector Pension investment Board cut its holdings in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 49.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,500 shares of the industrial products company’s stock after selling 17,100 shares during the quarter. Public Sector Pension investment Board’s holdings in Fortune Brands Home & Security were worth $1,142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alps Advisors Inc. raised its stake in shares of Fortune Brands Home & Security by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,978 shares of the industrial products company’s stock valued at $520,000 after buying an additional 21 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fortune Brands Home & Security by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock valued at $123,000 after buying an additional 23 shares during the period. MUFG Americas Holdings Corp lifted its holdings in shares of Fortune Brands Home & Security by 0.7% in the 2nd quarter. MUFG Americas Holdings Corp now owns 5,184 shares of the industrial products company’s stock valued at $338,000 after buying an additional 35 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Fortune Brands Home & Security by 1.9% in 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 during the last quarter. Finally, Profund Advisors LLC boosted its stake in shares of Fortune Brands Home & Security by 1.1% in the second quarter. Profund Advisors LLC now owns 3,880 shares of the industrial products company’s stock worth $253,000 after buying an additional 42 shares during the last quarter. 88.13% of the stock is owned by institutional investors.

Several research analysts recently weighed in on the company. Credit Suisse Group assumed coverage on Fortune Brands Home & Security in a research report on Thursday, June 22nd. They set an “outperform” rating and a $72.00 price target for the company. BidaskClub raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Tuesday, June 27th. Jefferies Group LLC restated a “buy” rating and issued a $76.00 price objective on shares of Fortune Brands Home & Security in a research report on Friday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a research note on Monday, September 25th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $68.58.

Fortune Brands Home & Security Inc (NYSE:FBHS) opened at 67.23 on Monday. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 23.93 and a beta of 1.37. Fortune Brands Home & Security Inc has a 52-week low of $52.05 and a 52-week high of $67.76. The company’s 50-day moving average is $63.73 and its 200-day moving average is $63.39.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.05. Fortune Brands Home & Security had a net margin of 10.28% and a return on equity of 22.53%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts predict 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 will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 24th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.72 annualized dividend and a dividend yield of 1.07%. Fortune Brands Home & Security’s dividend payout ratio is currently 25.35%.

In related news, CEO Christopher J. Klein sold 60,000 shares of Fortune Brands Home & Security stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total transaction of $3,766,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider E Lee Wyatt sold 2,600 shares of Fortune Brands Home & Security 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 disclosure for this sale can be found here. Insiders sold 136,000 shares of company stock worth $8,715,420 over the last 90 days. Company insiders own 1.61% of the company’s stock.

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Fortune Brands Home & Security 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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