144204 Shares in Fortune Brands Home & Security, Inc. (FBHS) Acquired by Weiss Multi Strategy …

Weiss Multi Strategy Advisers LLC bought a new position in Fortune Brands Home & Security, Inc. (NYSE:FBHS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 144,204 shares of the industrial products company’s stock, valued at approximately $8,775,000. Weiss Multi Strategy Advisers LLC owned 0.09% of Fortune Brands Home & Security as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in shares of Fortune Brands Home & Security during the fourth quarter worth about $4,968,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Fortune Brands Home & Security by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,846 shares of the industrial products company’s stock worth $473,000 after buying an additional 56 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Fortune Brands Home & Security by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 751,583 shares of the industrial products company’s stock worth $40,182,000 after buying an additional 7,904 shares during the period. TCW Group Inc. raised its stake in shares of Fortune Brands Home & Security by 0.4% in the fourth quarter. TCW Group Inc. now owns 11,400 shares of the industrial products company’s stock worth $609,000 after buying an additional 50 shares during the period. Finally, Federated Investors Inc. PA raised its stake in shares of Fortune Brands Home & Security by 114.6% in the fourth quarter. Federated Investors Inc. PA now owns 6,466 shares of the industrial products company’s stock worth $345,000 after buying an additional 3,453 shares during the period. Institutional investors own 85.88% of the company’s stock.

Fortune Brands Home & Security, Inc. (FBHS) traded up 0.49% during mid-day trading on Friday, hitting $65.24. The stock had a trading volume of 667,894 shares. Fortune Brands Home & Security, Inc. has a one year low of $52.05 and a one year high of $66.35. The firm’s 50-day moving average price is $63.82 and its 200 day moving average price is $59.80. The company has a market cap of $10.04 billion, a PE ratio of 23.81 and a beta of 1.35.

Fortune Brands Home & Security (NYSE:FBHS) last issued its earnings results on Wednesday, April 26th. The industrial products company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Fortune Brands Home & Security had a return on equity of 19.01% and a net margin of 8.48%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that Fortune Brands Home & Security, Inc. will post $3.10 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Friday, May 26th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Wednesday, May 24th. Fortune Brands Home & Security’s payout ratio is 26.28%.

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A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Wednesday, April 5th. Nomura assumed coverage on shares of Fortune Brands Home & Security in a report on Wednesday, April 12th. They issued a “neutral” rating and a $65.00 target price for the company. Royal Bank Of Canada raised their target price on shares of Fortune Brands Home & Security from $68.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Instinet reissued a “hold” rating on shares of Fortune Brands Home & Security in a report on Friday, April 14th. Finally, Longbow Research raised shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a report on Thursday, April 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $67.50.

In related news, insider David Randich sold 72,646 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $63.53, for a total value of $4,615,200.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Danny Luburic sold 3,700 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $63.00, for a total value of $233,100.00. The disclosure for this sale can be found here. Insiders sold 174,611 shares of company stock valued at $11,056,669 in the last ninety days. 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.

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

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