Retirement Systems of Alabama boosted its position in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 284,591 shares of the industrial products company’s stock after buying an additional 595 shares during the period. Retirement Systems of Alabama’s holdings in Fortune Brands Home & Security were worth $18,567,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems purchased a new stake in Fortune Brands Home & Security during the fourth quarter worth $599,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Fortune Brands Home & Security during the fourth quarter worth $267,000. Macquarie Group Ltd. boosted its stake in Fortune Brands Home & Security by 336.3% in the fourth quarter. Macquarie Group Ltd. now owns 254,800 shares of the industrial products company’s stock worth $13,622,000 after buying an additional 196,400 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Fortune Brands Home & Security by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 131,963 shares of the industrial products company’s stock worth $8,030,000 after buying an additional 3,022 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in Fortune Brands Home & Security by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 48,700 shares of the industrial products company’s stock worth $2,963,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 85.89% of the company’s stock.

Fortune Brands Home & Security, Inc. (NYSE:FBHS) opened at 65.23 on Monday. The firm’s 50-day moving average is $65.79 and its 200-day moving average is $61.68. The stock has a market capitalization of $10.22 billion, a price-to-earnings ratio of 23.22 and a beta of 1.39. Fortune Brands Home & Security, Inc. has a 52-week low of $52.05 and a 52-week high of $67.50.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The business had revenue of $1.37 billion during 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 company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share. Analysts predict that Fortune Brands Home & Security, Inc. will post $3.10 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Friday, August 25th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 23rd. Fortune Brands Home & Security’s payout ratio is currently 25.35%.

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FBHS has been the topic of a number of recent analyst reports. Nomura initiated coverage on shares of Fortune Brands Home & Security in a report on Wednesday, April 12th. They issued a “neutral” rating and a $65.00 price target on the stock. Jefferies Group LLC restated a “buy” rating on shares of Fortune Brands Home & Security in a report on Thursday, April 13th. Instinet restated a “hold” rating on shares of Fortune Brands Home & Security in a report on Friday, April 14th. Zacks Investment Research cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Monday, April 24th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Fortune Brands Home & Security in a report on Thursday, April 27th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Fortune Brands Home & Security has a consensus rating of “Buy” and a consensus price target of $67.73.

In other news, Director Norman H. Wesley sold 18,202 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $62.63, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher J. Klein sold 55,000 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $64.91, for a total value of $3,570,050.00. The disclosure for this sale can be found here. Insiders sold 153,265 shares of company stock valued at $9,778,418 over the last three months. Corporate insiders own 1.61% of the company’s stock.

Fortune Brands Home & Security Company 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.

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

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