M.D. Sass Investors Services Inc. trimmed its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 46.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 279,175 shares of the industrial products company’s stock after selling 243,720 shares during the quarter. Fortune Brands Home & Security comprises 3.7% of M.D. Sass Investors Services Inc.’s holdings, making the stock its 8th biggest position. M.D. Sass Investors Services Inc.’s holdings in Fortune Brands Home & Security were worth $15,949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in FBHS. Pictet Asset Management Ltd. boosted its stake in Fortune Brands Home & Security by 37.8% during the second quarter. Pictet Asset Management Ltd. now owns 3,542,182 shares of the industrial products company’s stock valued at $202,365,000 after buying an additional 971,613 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Fortune Brands Home & Security by 9.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,507,936 shares of the industrial products company’s stock valued at $476,103,000 after acquiring an additional 706,944 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Fortune Brands Home & Security by 26.7% during the 1st quarter. Wells Fargo & Company MN now owns 1,643,681 shares of the industrial products company’s stock valued at $78,256,000 after purchasing an additional 346,613 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Fortune Brands Home & Security during the 2nd quarter valued at about $19,282,000. Finally, Artemis Investment Management LLP bought a new position in shares of Fortune Brands Home & Security during the 2nd quarter valued at about $14,121,000. Institutional investors own 87.96% of the company’s stock.

In other Fortune Brands Home & Security news, Director Ronald V. Waters sold 5,000 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $56.74, for a total transaction of $283,700.00. Following the sale, the director now directly owns 11,589 shares of the company’s stock, valued at approximately $657,559.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director A D. David Mackay sold 10,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $50.40, for a total transaction of $504,000.00. Following the sale, the director now directly owns 11,532 shares in the company, valued at $581,212.80. The disclosure for this sale can be found here. Company insiders own 1.63% of the company’s stock.

Shares of NYSE:FBHS traded up $1.23 during midday trading on Wednesday, reaching $54.75. The company had a trading volume of 91,652 shares, compared to its average volume of 830,677. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.69 and a current ratio of 1.13. Fortune Brands Home & Security Inc has a 1-year low of $35.27 and a 1-year high of $58.15. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.59 and a beta of 1.52. The company has a fifty day simple moving average of $51.84 and a two-hundred day simple moving average of $51.41.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.03. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Fortune Brands Home & Security had a return on equity of 21.81% and a net margin of 7.22%. Fortune Brands Home & Security’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.00 EPS. Analysts expect that Fortune Brands Home & Security Inc will post 3.6 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, August 29th. Fortune Brands Home & Security’s dividend payout ratio is presently 26.35%.

A number of research firms recently commented on FBHS. ValuEngine downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Loop Capital lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 target price for the company. in a research note on Tuesday, July 2nd. TheStreet upgraded shares of Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a report on Friday, June 28th. Finally, Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 price target on the stock. in a research report on Monday, August 5th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $53.00.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Cabinets, Plumbing, and Doors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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

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