Fortune Brands Home & Security, Inc. (NYSE:FBHS) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its position in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 3.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other hedge funds and other institutional investors also recently made changes to their positions in FBHS. BlackRock Inc. raised its position 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 valued at $765,522,000 after buying an additional 11,759,987 shares during the period. Norges Bank acquired a new position in Fortune Brands Home & Security during the fourth quarter valued at about $69,759,000. Victory Capital Management Inc. raised its position in Fortune Brands Home & Security by 3,532.1% in the first quarter. Victory Capital Management Inc. now owns 715,772 shares of the industrial products company’s stock valued at $43,555,000 after buying an additional 696,065 shares during the period. Pictet Asset Management Ltd. raised its position 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 valued at $120,859,000 after buying an additional 437,059 shares during the period. Finally, Hermes Investment Management Ltd. acquired a new position in Fortune Brands Home & Security during the first quarter valued at about $24,760,000. 85.73% of the stock is owned by institutional investors and hedge funds.

Shares of Fortune Brands Home & Security, Inc. (FBHS) traded up 0.02% during trading on Monday, hitting $65.67. 916,984 shares of the stock were exchanged. The stock has a market cap of $10.10 billion, a P/E ratio of 23.97 and a beta of 1.39. The firm’s 50 day moving average price is $65.64 and its 200-day moving average price is $61.41. Fortune Brands Home & Security, Inc. has a 52 week low of $52.05 and a 52 week high of $67.50.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Friday, August 25th will be given a $0.18 dividend. 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 currently 26.28%.

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FBHS has been the subject of several recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating on shares of Fortune Brands Home & Security in a report on Thursday, April 13th. Longbow Research raised shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Thursday, April 6th. BidaskClub raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a report on Wednesday, June 7th. Finally, Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Tuesday, June 27th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $67.73.

In related news, CEO Christopher J. Klein sold 40,063 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $63.13, for a total transaction of $2,529,177.19. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Danny Luburic sold 3,700 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $63.00, for a total transaction of $233,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 156,965 shares of company stock valued at $10,011,518. Corporate insiders own 1.61% of the company’s stock.

Fortune Brands Home & Security Company 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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