Sheaff Brock Investment Advisors LLC continued to hold its stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,330 shares of the industrial products company’s stock at the close of the second quarter. Sheaff Brock Investment Advisors LLC’s holdings in Fortune Brands Home & Security were worth $217,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Global X Management Co. LLC boosted its holdings in Fortune Brands Home & Security by 28.7% in the 1st quarter. Global X Management Co. LLC now owns 2,106 shares of the industrial products company’s stock worth $128,000 after buying an additional 470 shares during the period. State of Alaska Department of Revenue boosted its holdings in Fortune Brands Home & Security by 1.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock worth $137,000 after buying an additional 40 shares during the period. Salem Investment Counselors Inc. boosted its holdings in Fortune Brands Home & Security by 3.5% in the 1st quarter. Salem Investment Counselors Inc. now owns 2,454 shares of the industrial products company’s stock worth $148,000 after buying an additional 83 shares during the period. NN Investment Partners Holdings N.V. boosted its holdings in Fortune Brands Home & Security by 205.6% in the 1st quarter. NN Investment Partners Holdings N.V. now owns 2,750 shares of the industrial products company’s stock worth $168,000 after buying an additional 1,850 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Fortune Brands Home & Security by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,004 shares of the industrial products company’s stock worth $183,000 after buying an additional 95 shares during the period. 88.34% of the stock is owned by institutional investors.

Several research firms have commented on FBHS. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Thursday, July 20th. Jefferies Group LLC reissued a “buy” rating and set a $76.00 price objective on shares of Fortune Brands Home & Security in a report on Friday, July 14th. Royal Bank Of Canada reissued a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a report on Tuesday, July 18th. Wells Fargo & Company cut shares of Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 target price on the stock. in a research report on Wednesday, July 19th. Finally, BidaskClub cut shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $68.69.

Fortune Brands Home & Security, Inc. (FBHS) opened at 64.75 on Thursday. Fortune Brands Home & Security, Inc. has a 1-year low of $52.05 and a 1-year high of $67.50. The company has a market capitalization of $9.97 billion, a P/E ratio of 23.05 and a beta of 1.37. The stock’s 50 day moving average is $63.91 and its 200-day moving average is $63.17.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05. The business 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 revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. On average, analysts expect that Fortune Brands Home & Security, Inc. will post $3.10 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Friday, August 25th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Wednesday, August 23rd. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 25.35%.

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In related news, CEO Christopher J. Klein sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $62.78, for a total transaction of $3,766,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider E Lee Wyatt sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $65.20, for a total transaction of $2,608,000.00. The disclosure for this sale can be found here. Insiders sold a total of 155,000 shares of company stock worth $9,944,850 over the last three months. Insiders own 1.61% of the company’s stock.

Fortune Brands Home & Security 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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