APG Asset Management NV Buys 35200 Shares of Fortune Brands Home & Security, Inc. (NYSE …

APG Asset Management N.V. increased its position in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 16.9% during the second quarter, Holdings Channel reports. The fund owned 243,016 shares of the industrial products company’s stock after buying an additional 35,200 shares during the period. APG Asset Management N.V.’s holdings in Fortune Brands Home & Security were worth $15,854,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its position in Fortune Brands Home & Security by 1.9% in the second 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 last quarter. Oakbrook Investments LLC raised its position in Fortune Brands Home & Security by 0.6% in the second quarter. Oakbrook Investments LLC now owns 12,220 shares of the industrial products company’s stock worth $797,000 after buying an additional 70 shares during the last quarter. Meeder Asset Management Inc. raised its position in Fortune Brands Home & Security by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 14,621 shares of the industrial products company’s stock worth $954,000 after buying an additional 81 shares during the last quarter. Salem Investment Counselors Inc. raised its position in 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 worth $148,000 after buying an additional 83 shares during the last quarter. Finally, Motco raised its position in Fortune Brands Home & Security by 2.7% in the first quarter. Motco now owns 3,164 shares of the industrial products company’s stock worth $193,000 after buying an additional 84 shares during the last quarter. 85.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fortune Brands Home & Security, Inc. (FBHS) traded up 0.465% during mid-day trading on Monday, hitting $65.965. The stock had a trading volume of 346,045 shares. The firm has a market cap of $10.15 billion, a P/E ratio of 24.075 and a beta of 1.39. The company has a 50 day moving average price of $65.64 and a 200 day moving average price of $61.41. Fortune Brands Home & Security, Inc. has a 12-month low of $52.05 and a 12-month high of $67.50.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 23rd. Fortune Brands Home & Security’s dividend payout ratio is presently 26.28%.

TRADEMARK VIOLATION NOTICE: “APG Asset Management N.V. Buys 35,200 Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS)” was originally reported by Week Herald and is owned by of Week Herald. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://weekherald.com/2017/07/31/apg-asset-management-n-v-buys-35200-shares-of-fortune-brands-home-security-inc-nysefbhs.html.

A number of research firms have recently issued reports on FBHS. Instinet reissued a “hold” rating on shares of Fortune Brands Home & Security in a report on Friday, April 14th. 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 Thursday, April 6th. Jefferies Group LLC lifted their price target on Fortune Brands Home & Security from $67.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, April 24th. Royal Bank Of Canada lifted their price target on Fortune Brands Home & Security from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $67.73.

In other news, CEO Christopher J. Klein sold 55,000 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $64.91, for a total value of $3,570,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Danny Luburic sold 3,700 shares of the firm’s stock in a transaction on 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. Over the last three months, insiders have sold 156,965 shares of company stock valued at $10,011,518. Corporate 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.

Want to see what other hedge funds are holding FBHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortune Brands Home & Security, Inc. (NYSE:FBHS).

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

Receive News & Ratings for Fortune Brands Home & Security Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fortune Brands Home & Security Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.