Hartford Investment Management Co. reduced its stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,768 shares of the industrial products company’s stock after selling 1,154 shares during the period. Hartford Investment Management Co.’s holdings in Fortune Brands Home & Security were worth $2,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Fortune Brands Home & Security by 1,433.3% in the first quarter. BlackRock Inc. now owns 12,580,467 shares of the industrial products company’s stock valued at $765,522,000 after buying an additional 11,759,987 shares during the period. Victory Capital Management Inc. raised its position in shares of Fortune Brands Home & Security by 3,532.1% in the first quarter. Victory Capital Management Inc. now owns 715,772 shares of the industrial products company’s stock valued at $43,555,000 after buying an additional 696,065 shares during the period. BlueCrest Capital Management Ltd bought a new position in shares of Fortune Brands Home & Security during the first quarter valued at about $27,870,000. Pictet Asset Management Ltd. raised its position in shares of Fortune Brands Home & Security by 28.2% in the first quarter. Pictet Asset Management Ltd. now owns 1,986,178 shares of the industrial products company’s stock valued at $120,859,000 after buying an additional 437,059 shares during the period. Finally, Hermes Investment Management Ltd. bought a new position in shares of Fortune Brands Home & Security during the first quarter valued at about $24,760,000. Institutional investors own 85.73% of the company’s stock.

Shares of Fortune Brands Home & Security, Inc. (FBHS) traded up 0.51% during trading on Friday, hitting $65.37. 523,005 shares of the stock traded hands. The firm’s 50-day moving average price is $65.79 and its 200-day moving average price is $61.68. Fortune Brands Home & Security, Inc. has a 12 month low of $52.05 and a 12 month high of $67.50. The stock has a market cap of $10.24 billion, a PE ratio of 23.27 and a beta of 1.39.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly 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. Fortune Brands Home & Security had a net margin of 8.61% and a return on equity of 19.30%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts anticipate that Fortune Brands Home & Security, Inc. will post $3.10 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Friday, August 25th will be paid a dividend of $0.18 per share. The ex-dividend date is 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 presently 25.35%.

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Several research firms have issued reports on FBHS. Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Monday, April 24th. BidaskClub upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Nomura began coverage on shares of Fortune Brands Home & Security in a research report on Wednesday, April 12th. They set a “neutral” rating and a $65.00 price target for the company. Instinet restated a “hold” rating on shares of Fortune Brands Home & Security in a research report on Friday, April 14th. Finally, Royal Bank Of Canada upped their price target on shares of Fortune Brands Home & Security from $68.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $67.73.

In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 55,000 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $64.91, for a total value of $3,570,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Norman H. Wesley sold 18,202 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $62.63, for a total transaction of $1,139,991.26. Following the completion of the sale, the director now directly owns 2,132 shares of the company’s stock, valued at $133,527.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 153,265 shares of company stock valued at $9,778,418. 1.61% of the stock is 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.

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

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