Fortune Brands Home & Security, Inc. (FBHS) Stake Reduced by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its position in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 3.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,696 shares of the industrial products company’s stock after selling 167 shares during the period. Oppenheimer & Co. Inc.’s holdings in Fortune Brands Home & Security were worth $286,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Fortune Brands Home & Security by 2.8% in the first quarter. Vanguard Group Inc. now owns 14,700,272 shares of the industrial products company’s stock worth $894,511,000 after buying an additional 398,436 shares in the last quarter. BlackRock Inc. boosted its stake in Fortune Brands Home & Security by 1,433.3% in the first quarter. BlackRock Inc. now owns 12,580,467 shares of the industrial products company’s stock worth $765,522,000 after buying an additional 11,759,987 shares during the last quarter. American Century Companies Inc. boosted its stake in Fortune Brands Home & Security by 5.4% in the first quarter. American Century Companies Inc. now owns 4,550,231 shares of the industrial products company’s stock worth $276,882,000 after buying an additional 233,895 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in Fortune Brands Home & Security by 28.2% in the first quarter. Pictet Asset Management Ltd. now owns 1,986,178 shares of the industrial products company’s stock worth $120,859,000 after buying an additional 437,059 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Fortune Brands Home & Security by 8.9% in the first quarter. Geode Capital Management LLC now owns 1,503,520 shares of the industrial products company’s stock worth $91,360,000 after buying an additional 122,830 shares during the last quarter. 85.73% of the stock is owned by institutional investors and hedge funds.

Fortune Brands Home & Security, Inc. (FBHS) traded up 0.02% on Monday, reaching $65.67. 917,344 shares of the company traded hands. Fortune Brands Home & Security, Inc. has a one year low of $52.05 and a one year high of $67.50. The company has a market capitalization of $10.10 billion, a PE ratio of 23.97 and a beta of 1.39. The stock’s 50 day moving average price is $65.64 and its 200 day moving average price is $61.41.

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

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A number of equities research analysts have commented on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $75.00 price target on shares of Fortune Brands Home & Security in a report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and issued a $76.00 price target on shares of Fortune Brands Home & Security in a report on Friday, July 14th. Credit Suisse Group assumed coverage on shares of Fortune Brands Home & Security in a report on Thursday, June 22nd. They issued an “outperform” rating and a $72.00 price target for the company. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Wednesday, April 5th. Finally, BidaskClub cut shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Fortune Brands Home & Security presently has an average rating of “Buy” and a consensus price target of $67.73.

In other news, VP Danny Luburic sold 3,700 shares of the firm’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $63.00, for a total transaction of $233,100.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Norman H. Wesley sold 18,202 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $62.63, for a total transaction of $1,139,991.26. Following the sale, the director now directly owns 2,132 shares in the company, valued at approximately $133,527.16. The disclosure for this sale can be found here. Insiders have sold a total of 156,965 shares of company stock worth $10,011,518 over the last three months. 1.61% of the stock is currently owned by insiders.

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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