Fortune Brands Home & Security, Inc. (FBHS) Shares Sold by Robecosam AG

Robecosam AG cut its holdings in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 35.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 169,142 shares of the industrial products company’s stock after selling 93,745 shares during the period. Robecosam AG owned 0.11% of Fortune Brands Home & Security worth $10,981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FBHS. United States Steel & Carnegie Pension Fund increased its stake in shares of Fortune Brands Home & Security by 46.1% during the first quarter. United States Steel & Carnegie Pension Fund now owns 644,262 shares of the industrial products company’s stock valued at $39,203,000 after buying an additional 203,200 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Fortune Brands Home & Security by 9.4% during the first quarter. UBS Asset Management Americas Inc. now owns 378,550 shares of the industrial products company’s stock valued at $23,035,000 after buying an additional 32,466 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Fortune Brands Home & Security by 3.7% during the first quarter. Ameriprise Financial Inc. now owns 61,669 shares of the industrial products company’s stock valued at $3,753,000 after buying an additional 2,213 shares during the period. Pacer Advisors Inc. increased its stake in shares of Fortune Brands Home & Security by 3.3% during the first quarter. Pacer Advisors Inc. now owns 3,004 shares of the industrial products company’s stock valued at $183,000 after buying an additional 95 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in shares of Fortune Brands Home & Security by 23.5% during the first quarter. Neuberger Berman Group LLC now owns 11,282 shares of the industrial products company’s stock valued at $687,000 after buying an additional 2,144 shares during the period. 88.13% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on FBHS. Jefferies Group LLC reaffirmed a “buy” rating and issued a $78.00 price target on shares of Fortune Brands Home & Security in a research note on Thursday. Zacks Investment Research cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. BidaskClub raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $75.00 price target on shares of Fortune Brands Home & Security in a research note on Monday, September 25th. 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Fortune Brands Home & Security presently has a consensus rating of “Hold” and an average target price of $68.75.

Fortune Brands Home & Security, Inc. (NYSE FBHS) traded up 0.48% during midday trading on Thursday, reaching $66.38. The company’s stock had a trading volume of 240,294 shares. The company has a market cap of $10.22 billion, a P/E ratio of 23.63 and a beta of 1.37. Fortune Brands Home & Security, Inc. has a 12-month low of $52.05 and a 12-month high of $67.76. The firm has a 50 day moving average price of $64.59 and a 200-day moving average price of $64.07.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.87 by $0.05. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. Fortune Brands Home & Security’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. On average, equities research analysts predict that Fortune Brands Home & Security, Inc. will post $3.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.72 annualized dividend and a yield of 1.09%. Fortune Brands Home & Security’s payout ratio is currently 25.35%.

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In other news, insider E Lee Wyatt sold 40,000 shares of Fortune Brands Home & Security stock in a transaction on Friday, August 4th. The stock was sold at an average price of $65.20, for a total value of $2,608,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Christopher J. Klein sold 60,000 shares of Fortune Brands Home & Security 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 disclosure for this sale can be found here. Insiders have sold a total of 136,000 shares of company stock worth $8,715,420 over the last 90 days. 1.61% of the stock is currently owned by company insiders.

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.

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

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