QS Investors LLC reduced its stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 91.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,247 shares of the industrial products company’s stock after selling 56,467 shares during the period. QS Investors LLC’s holdings in Fortune Brands Home & Security were worth $342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ontario Teachers Pension Plan Board increased its stake in Fortune Brands Home & Security by 49.1% in the second quarter. Ontario Teachers Pension Plan Board now owns 104,574 shares of the industrial products company’s stock valued at $6,822,000 after purchasing an additional 34,441 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in Fortune Brands Home & Security in the second quarter valued at $732,000. Dimensional Fund Advisors LP increased its stake in Fortune Brands Home & Security by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 797,994 shares of the industrial products company’s stock valued at $52,061,000 after purchasing an additional 43,781 shares in the last quarter. Virtu KCG Holdings LLC bought a new stake in Fortune Brands Home & Security in the second quarter valued at $388,000. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Fortune Brands Home & Security by 8.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 119,004 shares of the industrial products company’s stock valued at $7,764,000 after purchasing an additional 9,324 shares in the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

FBHS has been the subject of several research analyst reports. Credit Suisse Group initiated coverage on shares of Fortune Brands Home & Security in a research note on Thursday, June 22nd. They issued an “outperform” rating and a $72.00 price target for the company. BidaskClub raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $75.00 price target on shares of Fortune Brands Home & Security in a research note on Monday, September 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $76.00 price target on shares of Fortune Brands Home & Security in a research note on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $68.75.

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Shares of Fortune Brands Home & Security, Inc. (NYSE FBHS) opened at 65.35 on Thursday. The company has a market capitalization of $10.06 billion, a P/E ratio of 23.26 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 $67.77. The stock’s 50 day moving average is $65.13 and its 200 day moving average is $64.26.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (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 analysts’ expectations of $1.39 billion. During the same period last year, the company posted $0.82 EPS. Fortune Brands Home & Security’s revenue was up 5.2% on a year-over-year basis. Equities analysts expect that Fortune Brands Home & Security, Inc. will post $3.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 24th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.10%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 25.35%.

In related news, insider E Lee Wyatt sold 40,000 shares of Fortune Brands Home & Security stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $65.20, for a total transaction of $2,608,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher J. Klein sold 60,000 shares of Fortune Brands Home & Security stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $62.78, for a total transaction of $3,766,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,000 shares of company stock valued at $8,715,420. 1.61% of the stock is currently owned by corporate insiders.

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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