Fortune Brands Home & Security, Inc. (FBHS) Shares Bought by UBS Asset Management Americas …

UBS Asset Management Americas Inc. raised its position in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 411,920 shares of the industrial products company’s stock after acquiring an additional 33,370 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.27% of Fortune Brands Home & Security worth $26,874,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Alps Advisors Inc. boosted its holdings in shares of Fortune Brands Home & Security by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,978 shares of the industrial products company’s stock worth $520,000 after acquiring an additional 21 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fortune Brands Home & Security by 1.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 23 shares during the period. MUFG Americas Holdings Corp boosted its holdings in shares of Fortune Brands Home & Security by 0.7% during the second quarter. MUFG Americas Holdings Corp now owns 5,184 shares of the industrial products company’s stock worth $338,000 after acquiring an additional 35 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Fortune Brands Home & Security by 1.9% during 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 acquiring an additional 40 shares during the period. Finally, Profund Advisors LLC boosted its holdings in shares of Fortune Brands Home & Security by 1.1% during the second quarter. Profund Advisors LLC now owns 3,880 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 42 shares during the period. Institutional investors own 88.13% of the company’s stock.

Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) opened at 67.23 on Friday. The company has a market capitalization of $10.35 billion, a PE ratio of 23.93 and a beta of 1.37. Fortune Brands Home & Security, Inc. has a 1-year low of $52.05 and a 1-year high of $67.76. The firm’s 50-day moving average price is $63.73 and its 200 day moving average price is $63.39.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05. Fortune Brands Home & Security had a net margin of 8.61% and a return on equity of 18.93%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the business earned $0.82 EPS. Fortune Brands Home & Security’s revenue was up 5.2% compared to the same quarter last year. Equities analysts predict that Fortune Brands Home & Security, Inc. will post $3.10 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 24th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 22nd. Fortune Brands Home & Security’s payout ratio is 25.35%.

In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 60,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $62.78, for a total value of $3,766,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider E Lee Wyatt sold 40,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were 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. Over the last three months, insiders sold 136,000 shares of company stock valued at $8,715,420. Insiders own 1.61% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded 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 reiterated a “buy” rating and issued a $76.00 price target on shares of Fortune Brands Home & Security in a research note on Friday, July 14th. Royal Bank Of Canada reiterated a “buy” rating and issued a $75.00 price target on shares of Fortune Brands Home & Security in a research note on Tuesday, July 18th. Wells Fargo & Company cut Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price target for the company. in a research note on Wednesday, July 19th. Finally, BidaskClub cut Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $68.58.

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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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