Great West Life Assurance Co. Can decreased its stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 3.4% during the second quarter, Holdings Channel reports. The institutional investor owned 107,221 shares of the industrial products company’s stock after selling 3,735 shares during the period. Great West Life Assurance Co. Can’s holdings in Fortune Brands Home & Security were worth $6,987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FBHS. Welch Group LLC acquired a new position in shares of Fortune Brands Home & Security during the first quarter valued at about $112,000. State of Alaska Department of Revenue acquired a new position in shares of Fortune Brands Home & Security during the first quarter valued at about $126,000. Global X Management Co. LLC raised its position in shares of Fortune Brands Home & Security by 28.7% in the first quarter. Global X Management Co. LLC now owns 2,106 shares of the industrial products company’s stock valued at $128,000 after buying an additional 470 shares in the last quarter. Salem Investment Counselors Inc. raised its position in shares of Fortune Brands Home & Security by 3.5% in the first quarter. Salem Investment Counselors Inc. now owns 2,454 shares of the industrial products company’s stock valued at $148,000 after buying an additional 83 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. raised its position in shares of Fortune Brands Home & Security by 205.6% in the first quarter. NN Investment Partners Holdings N.V. now owns 2,750 shares of the industrial products company’s stock valued at $168,000 after buying an additional 1,850 shares in the last quarter. 85.89% of the stock is currently owned by institutional investors.

Shares of Fortune Brands Home & Security, Inc. (FBHS) opened at 63.31 on Friday. Fortune Brands Home & Security, Inc. has a 52 week low of $52.05 and a 52 week high of $67.50. The stock has a market cap of $9.75 billion, a P/E ratio of 22.54 and a beta of 1.39. The stock has a 50 day moving average price of $65.68 and a 200-day moving average price of $62.09.

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 Zacks’ consensus estimate of $0.87 by $0.05. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. Equities analysts predict that Fortune Brands Home & Security, Inc. will post $3.10 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Friday, August 25th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, August 23rd. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 25.35%.

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Several brokerages recently issued reports on FBHS. BidaskClub lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Saturday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 target price on shares of Fortune Brands Home & Security in a research report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $76.00 target price on shares of Fortune Brands Home & Security in a research report on Friday, July 14th. Credit Suisse Group began coverage on Fortune Brands Home & Security in a research note on Thursday, June 22nd. They set an “outperform” rating and a $72.00 price target on the stock. Finally, Longbow Research upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $67.73.

In other news, CEO Christopher J. Klein sold 55,000 shares of Fortune Brands Home & Security stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $64.91, for a total transaction of $3,570,050.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider E Lee Wyatt sold 40,000 shares of Fortune Brands Home & Security 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 disclosure for this sale can be found here. Insiders have sold 193,265 shares of company stock worth $12,386,418 in the last quarter. 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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