Valicenti Advisory Services Inc. bought a new stake in Fortune Brands Home & Security Inc. (NYSE:FBHS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 59,835 shares of the company’s stock, valued at approximately $3,469,000. Fortune Brands Home & Security makes up approximately 2.2% of Valicenti Advisory Services Inc.’s portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Fortune Brands Home & Security during the fourth quarter valued at about $59,138,000. Strs Ohio increased its position in Fortune Brands Home & Security by 3,432.4% in the second quarter. Strs Ohio now owns 434,242 shares of the company’s stock valued at $25,173,000 after buying an additional 421,949 shares in the last quarter. Giverny Capital Inc. purchased a new position in Fortune Brands Home & Security during the first quarter valued at about $10,332,000. Gateway Investment Advisers LLC purchased a new position in Fortune Brands Home & Security during the second quarter valued at about $10,244,000. Finally, Chevy Chase Trust Holdings Inc. purchased a new position in Fortune Brands Home & Security during the second quarter valued at about $7,601,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fortune Brands Home & Security Inc. (NYSE:FBHS) traded down 0.05% during trading on Tuesday, reaching $56.42. 1,603,161 shares of the company were exchanged. The stock’s 50-day moving average is $62.23 and its 200-day moving average is $58.44. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 23.71 and a beta of 1.24. Fortune Brands Home & Security Inc. has a 52-week low of $44.19 and a 52-week high of $64.47.

Fortune Brands Home & Security (NYSE:FBHS) last issued its earnings results on Wednesday, July 27th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.09. Fortune Brands Home & Security had a net margin of 7.73% and a return on equity of 16.39%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business posted $0.59 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. Equities research analysts predict that Fortune Brands Home & Security Inc. will post $2.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Friday, August 26th were given a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.64 dividend on an annualized basis and a yield of 1.13%. Fortune Brands Home & Security’s dividend payout ratio is currently 27.23%.

Several research analysts have issued reports on FBHS shares. Cantor Fitzgerald started coverage on Fortune Brands Home & Security in a report on Thursday, August 25th. They set a “buy” rating and a $58.00 price objective on the stock. Jefferies Group upped their price objective on Fortune Brands Home & Security from $67.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Citigroup Inc. began coverage on shares of Fortune Brands Home & Security in a research report on Thursday, September 1st. They set a “neutral” rating and a $65.00 target price for the company. Macquarie cut shares of Fortune Brands Home & Security from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 1st. Finally, Zacks Investment Research cut shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $62.58.

In other Fortune Brands Home & Security news, CFO E Lee Wyatt sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $63.59, for a total value of $9,538,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider David Randich sold 55,600 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $63.12, for a total transaction of $3,509,472.00. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Fortune Brands Home & Security Company Profile

Fortune Brands Home & Security, Inc is a holding company. The Company is a home and security products company with a portfolio of branded products used for residential home repair, remodeling, new construction and security applications. The Company operates through four segments: Cabinets, Plumbing, Doors and Security.

5 Day Chart for NYSE:FBHS

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