Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,865 shares of the industrial products company’s stock after acquiring an additional 90 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Fortune Brands Home & Security were worth $3,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Guyasuta Investment Advisors Inc. acquired a new position in Fortune Brands Home & Security in the second quarter valued at approximately $225,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Fortune Brands Home & Security by 0.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,430 shares of the industrial products company’s stock valued at $746,000 after acquiring an additional 75 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Fortune Brands Home & Security by 2.6% in the second quarter. JPMorgan Chase & Co. now owns 7,678,714 shares of the industrial products company’s stock valued at $500,961,000 after acquiring an additional 194,325 shares during the last quarter. Cipher Capital LP lifted its holdings in Fortune Brands Home & Security by 84.9% in the second quarter. Cipher Capital LP now owns 8,781 shares of the industrial products company’s stock valued at $573,000 after acquiring an additional 4,032 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Fortune Brands Home & Security by 2.8% in the second quarter. Swiss National Bank now owns 562,200 shares of the industrial products company’s stock valued at $36,678,000 after acquiring an additional 15,400 shares during the last quarter. Hedge funds and other institutional investors own 88.34% of the company’s stock.

In other Fortune Brands Home & Security news, insider E Lee Wyatt sold 40,000 shares of Fortune Brands Home & Security stock in a transaction on Friday, August 4th. The shares were sold at an average price of $65.20, for a total value of $2,608,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Christopher J. Klein sold 55,000 shares of Fortune Brands Home & Security stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $64.91, for a total transaction of $3,570,050.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 157,600 shares of company stock worth $10,114,136. 1.61% of the stock is owned by company insiders.

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Shares of Fortune Brands Home & Security, Inc. (FBHS) opened at 64.44 on Friday. The stock’s 50 day moving average price is $63.84 and its 200-day moving average price is $63.19. 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 $9.93 billion, a price-to-earnings ratio of 22.94 and a beta of 1.37.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.05. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.61% and a return on equity of 18.93%. Fortune Brands Home & Security’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.82 EPS. On average, analysts predict 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. Shareholders of record on Friday, August 25th were issued a $0.18 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.12%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 25.35%.

FBHS has been the topic of a number of research reports. Credit Suisse Group initiated 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. BidaskClub upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Tuesday, June 27th. Jefferies Group LLC restated a “buy” rating and set a $76.00 price target on shares of Fortune Brands Home & Security in a research note on Friday, July 14th. Finally, Wells Fargo & Company cut Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price target on the stock. in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Fortune Brands Home & Security has an average rating of “Hold” and a consensus price target of $68.69.

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.

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

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