The Manufacturers Life Insurance Company Sells 100204 Shares of Fortune Brands Home …

The Manufacturers Life Insurance Company cut its holdings in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 13.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 656,463 shares of the industrial products company’s stock after selling 100,204 shares during the period. The Manufacturers Life Insurance Company owned about 0.43% of Fortune Brands Home & Security worth $42,827,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Fortune Brands Home & Security by 1.4% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 26,818 shares of the industrial products company’s stock valued at $1,748,000 after purchasing an additional 381 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Fortune Brands Home & Security by 33.6% in the second quarter. Janus Henderson Group PLC now owns 566,779 shares of the industrial products company’s stock valued at $36,977,000 after purchasing an additional 142,508 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of Fortune Brands Home & Security by 17.8% in the second quarter. Macquarie Group Ltd. now owns 302,412 shares of the industrial products company’s stock valued at $19,729,000 after purchasing an additional 45,791 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Fortune Brands Home & Security by 9.8% in the second quarter. Royal Bank of Canada now owns 91,706 shares of the industrial products company’s stock valued at $5,982,000 after purchasing an additional 8,167 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in shares of Fortune Brands Home & Security in the second quarter valued at approximately $848,000. Institutional investors own 88.13% of the company’s stock.

A number of research firms have recently issued reports on FBHS. Zacks Investment Research downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Jefferies Group LLC restated a “buy” rating and set a $78.00 target price on shares of Fortune Brands Home & Security in a report on Thursday. BidaskClub downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Royal Bank Of Canada restated a “buy” rating and set a $75.00 target price on shares of Fortune Brands Home & Security in a report on Monday, August 21st. Finally, Longbow Research upgraded shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $68.75.

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Shares of Fortune Brands Home & Security, Inc. (FBHS) traded up 0.53% during trading on Thursday, reaching $66.41. 83,141 shares of the company were exchanged. The firm’s 50 day moving average price is $64.59 and its 200 day moving average price is $64.07. The company has a market capitalization of $10.23 billion, a PE ratio of 23.64 and a beta of 1.37. Fortune Brands Home & Security, Inc. has a one year low of $52.05 and a one year high of $67.76.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. 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 prior year, the firm posted $0.82 EPS. Fortune Brands Home & Security’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Fortune Brands Home & Security, Inc. will post $3.09 earnings per share for the current fiscal year.

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

In other news, CEO Christopher J. Klein sold 60,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total transaction of $3,766,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $2,608,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,000 shares of company stock valued at $8,715,420. Insiders own 1.61% of the company’s stock.

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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