Fortune Brands Home & Security, Inc. (FBHS) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. grew its stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 58.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 385,516 shares of the industrial products company’s stock after buying an additional 142,500 shares during the period. APG Asset Management N.V. owned approximately 0.25% of Fortune Brands Home & Security worth $25,918,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FBHS. Pictet Asset Management Ltd. raised its position in shares of Fortune Brands Home & Security by 25.9% during the second quarter. Pictet Asset Management Ltd. now owns 2,500,219 shares of the industrial products company’s stock valued at $157,763,000 after buying an additional 514,041 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Fortune Brands Home & Security by 3.1% during the second quarter. Vanguard Group Inc. now owns 15,160,589 shares of the industrial products company’s stock valued at $989,078,000 after buying an additional 460,317 shares during the last quarter. BlackRock Inc. raised its position in shares of Fortune Brands Home & Security by 3.3% during the second quarter. BlackRock Inc. now owns 12,998,091 shares of the industrial products company’s stock valued at $847,995,000 after buying an additional 417,624 shares during the last quarter. PGGM Investments acquired a new position in shares of Fortune Brands Home & Security during the third quarter valued at about $21,244,000. Finally, Gluskin Sheff & Assoc Inc. acquired a new position in shares of Fortune Brands Home & Security during the second quarter valued at about $14,798,000. 87.94% of the stock is owned by institutional investors and hedge funds.

Shares of Fortune Brands Home & Security, Inc. (FBHS) opened at 66.83 on Monday. The firm’s 50-day moving average is $65.93 and its 200 day moving average is $64.54. The company has a market capitalization of $10.29 billion, a PE ratio of 23.79 and a beta of 1.37. Fortune Brands Home & Security, Inc. has a 52 week low of $52.56 and a 52 week high of $68.82.

Fortune Brands Home & Security (NYSE:FBHS) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Fortune Brands Home & Security had a net margin of 8.62% and a return on equity of 18.64%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 EPS. On average, analysts anticipate that Fortune Brands Home & Security, Inc. will post $3.08 earnings per share for the current fiscal year.

The company 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 $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, November 22nd. Fortune Brands Home & Security’s payout ratio is presently 24.83%.

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Several research firms recently issued reports on FBHS. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Thursday, July 20th. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 price target on shares of Fortune Brands Home & Security in a research report on Monday, August 21st. Citigroup Inc. increased their price target on shares of Fortune Brands Home & Security from $68.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company lowered shares of Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price target for the company. in a research report on Wednesday, July 19th. Finally, Credit Suisse Group increased their price target on shares of Fortune Brands Home & Security from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Fortune Brands Home & Security presently has an average rating of “Hold” and an average price target of $69.29.

In other news, insider E Lee Wyatt sold 40,000 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Klein sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $62.78, for a total transaction of $3,766,800.00. The disclosure for this sale can be found here. Insiders sold a total of 136,000 shares of company stock valued at $8,715,420 over the last 90 days. Corporate insiders own 1.61% of the company’s stock.

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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