Insight 2811 Inc. continued to hold its stake in Fortune Brands Home & Security, Inc. (NYSE:FBHS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,234 shares of the industrial products company’s stock at the end of the second quarter. Fortune Brands Home & Security comprises about 1.6% of Insight 2811 Inc.’s holdings, making the stock its 9th largest position. Insight 2811 Inc.’s holdings in Fortune Brands Home & Security were worth $2,103,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in 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 worth $765,522,000 after buying an additional 11,759,987 shares during the period. Victory Capital Management Inc. increased its stake in 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 worth $43,555,000 after buying an additional 696,065 shares during the period. Pictet Asset Management Ltd. increased its stake in Fortune Brands Home & Security by 25.9% in the second quarter. Pictet Asset Management Ltd. now owns 2,500,219 shares of the industrial products company’s stock worth $157,763,000 after buying an additional 514,041 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in Fortune Brands Home & Security during the first quarter worth about $27,870,000. Finally, Hermes Investment Management Ltd. purchased a new stake in Fortune Brands Home & Security during the first quarter worth about $24,760,000. 85.89% of the stock is owned by hedge funds and other institutional investors.

Fortune Brands Home & Security, Inc. (NYSE FBHS) opened at 64.35 on Wednesday. The firm’s 50 day moving average price is $65.84 and its 200-day moving average price is $61.76. The firm has a market cap of $10.08 billion, a PE ratio of 22.91 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 earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.61% and a return on equity of 18.93%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. On average, analysts forecast that Fortune Brands Home & Security, Inc. will post $3.10 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Friday, August 25th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, August 23rd. Fortune Brands Home & Security’s payout ratio is 25.35%.

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A number of equities research analysts have issued reports on FBHS shares. Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Monday, April 24th. BidaskClub raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Nomura started coverage on 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 reissued a “hold” rating on shares of Fortune Brands Home & Security in a research report on Friday, April 14th. Finally, Royal Bank Of Canada boosted their price target on 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 stock. The company presently has an average rating of “Buy” and a consensus target price of $67.73.

In other news, insider E Lee Wyatt sold 40,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $65.20, for a total value of $2,608,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Norman H. Wesley sold 18,202 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were 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 in the company, valued at $133,527.16. The disclosure for this sale can be found here. Insiders have sold 193,265 shares of company stock worth $12,386,418 over the last three months. Company insiders own 1.61% of the company’s stock.

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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