Fortune Brands Home & Security, Inc. (FBHS) Shares Bought by Profund Advisors LLC

Profund Advisors LLC lifted its holdings in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,880 shares of the industrial products company’s stock after purchasing an additional 42 shares during the quarter. Profund Advisors LLC’s holdings in Fortune Brands Home & Security were worth $253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Fortune Brands Home & Security by 1.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 23 shares during the period. Global X Management Co. LLC raised its position in shares of Fortune Brands Home & Security by 28.7% during the first quarter. Global X Management Co. LLC now owns 2,106 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 470 shares during the period. State of Alaska Department of Revenue raised its position in shares of Fortune Brands Home & Security by 1.9% during the second 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 period. Salem Investment Counselors Inc. raised its position in shares of Fortune Brands Home & Security by 3.5% during the first quarter. Salem Investment Counselors Inc. now owns 2,454 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 83 shares during the period. Finally, Pacer Advisors Inc. raised its position 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 worth $183,000 after purchasing an additional 95 shares during the period. 88.13% of the stock is currently owned by institutional investors.

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In other news, CEO Christopher J. Klein sold 60,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total value of $3,766,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider E Lee Wyatt sold 2,600 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $65.11, for a total value of $169,286.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 136,000 shares of company stock valued at $8,715,420. Company insiders own 1.61% of the company’s stock.

Fortune Brands Home & Security, Inc. (NYSE FBHS) opened at 66.06 on Thursday. The company has a market capitalization of $10.17 billion, a P/E ratio of 23.52 and a beta of 1.37. 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, Inc. has a 1-year low of $52.05 and a 1-year high of $67.76.

Fortune Brands Home & Security (NYSE:FBHS) last issued 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 firm had revenue of $1.37 billion during 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%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. On average, analysts forecast that Fortune Brands Home & Security, Inc. will post $3.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 24th will be paid a $0.18 dividend. 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 (DPR) is presently 25.35%.

FBHS has been the subject of a number of research reports. Jefferies Group LLC reiterated a “buy” rating and set a $78.00 price objective on shares of Fortune Brands Home & Security in a report on Thursday. Zacks Investment Research downgraded Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. BidaskClub upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Royal Bank Of Canada reiterated a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a report on Monday, September 25th. Finally, Wells Fargo & Company downgraded 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 report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $68.75.

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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