Fortune Brands Home & Security, Inc. (NYSE:FBHS) Holdings Boosted by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 23.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,833 shares of the industrial products company’s stock after purchasing an additional 7,654 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Fortune Brands Home & Security were worth $2,664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of FBHS. Alps Advisors Inc. raised its position in shares of Fortune Brands Home & Security by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,978 shares of the industrial products company’s stock worth $520,000 after purchasing an additional 21 shares during the last quarter. MUFG Americas Holdings Corp raised its position in shares of Fortune Brands Home & Security by 0.7% during the 2nd quarter. MUFG Americas Holdings Corp now owns 5,184 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 35 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Fortune Brands Home & Security by 1.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 40 shares during the last quarter. Oakbrook Investments LLC raised its position in shares of Fortune Brands Home & Security by 0.6% during the 2nd quarter. Oakbrook Investments LLC now owns 12,220 shares of the industrial products company’s stock worth $797,000 after purchasing an additional 70 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Fortune Brands Home & Security by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 14,621 shares of the industrial products company’s stock worth $954,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 88.34% of the company’s stock.

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Shares of Fortune Brands Home & Security, Inc. (FBHS) traded up 0.48% during midday trading on Friday, hitting $64.74. 1,191,243 shares of the stock were exchanged. The stock’s 50 day moving average is $63.81 and its 200 day moving average is $63.24. Fortune Brands Home & Security, Inc. has a 12-month low of $52.05 and a 12-month high of $67.50. The firm has a market cap of $9.97 billion, a P/E ratio of 23.05 and a beta of 1.37.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.61% and a return on equity of 18.93%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. On average, equities research analysts forecast that Fortune Brands Home & Security, Inc. will post $3.10 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Friday, August 25th were issued a $0.18 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.11%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 25.35%.

In other Fortune Brands Home & Security news, insider E Lee Wyatt sold 2,600 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $65.11, for a total transaction of $169,286.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher J. Klein sold 55,000 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $64.91, for a total transaction of $3,570,050.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 157,600 shares of company stock valued at $10,114,136. 1.61% of the stock is owned by company insiders.

Several analysts have commented on FBHS shares. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Tuesday, June 27th. Royal Bank Of Canada reissued a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a research note on Monday, August 21st. Jefferies Group LLC reissued a “buy” rating and set a $76.00 price objective on shares of Fortune Brands Home & Security in a research note on Thursday, June 1st. Wells Fargo & Company cut shares of Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price objective for the company. in a research note on Wednesday, July 19th. Finally, 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 research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $68.69.

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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