Copeland Capital Management LLC Acquires Shares of 84,504 Fortune Brands Home & Security, Inc. (FBHS)

Copeland Capital Management LLC acquired a new stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 84,504 shares of the industrial products company’s stock, valued at approximately $5,681,000. Copeland Capital Management LLC owned approximately 0.05% of Fortune Brands Home & Security at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FBHS. Sentry Investment Management LLC raised its stake in Fortune Brands Home & Security by 1.2% in the second quarter. Sentry Investment Management LLC now owns 10,287 shares of the industrial products company’s stock valued at $671,000 after buying an additional 122 shares during the last quarter. Eagle Asset Management Inc. raised its stake in Fortune Brands Home & Security by 20.2% in the second quarter. Eagle Asset Management Inc. now owns 462,498 shares of the industrial products company’s stock valued at $30,173,000 after buying an additional 77,800 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Fortune Brands Home & Security by 23.1% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,833 shares of the industrial products company’s stock valued at $2,664,000 after buying an additional 7,654 shares during the last quarter. Greenwood Capital Associates LLC raised its stake in Fortune Brands Home & Security by 3.8% in the second quarter. Greenwood Capital Associates LLC now owns 8,918 shares of the industrial products company’s stock valued at $582,000 after buying an additional 330 shares during the last quarter. Finally, Boston Private Wealth LLC raised its stake in Fortune Brands Home & Security by 4.8% in the second quarter. Boston Private Wealth LLC now owns 27,711 shares of the industrial products company’s stock valued at $1,808,000 after buying an additional 1,264 shares during the last quarter. 87.94% of the stock is currently owned by institutional investors.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business earned $0.80 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis.

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 issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, November 22nd. Fortune Brands Home & Security’s payout ratio is currently 24.83%.

In other Fortune Brands Home & Security news, insider E Lee Wyatt sold 2,600 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was 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 can be accessed through this link. Also, CEO Christopher J. Klein sold 85,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $67.13, for a total value of $5,706,050.00. The disclosure for this sale can be found here. Insiders sold a total of 221,000 shares of company stock valued at $14,421,470 over the last three months. Company insiders own 1.61% of the company’s stock.

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A number of research firms have commented on FBHS. BidaskClub cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $75.00 price target on shares of Fortune Brands Home & Security in a research note on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $76.00 price target on shares of Fortune Brands Home & Security in a research note on Friday, July 14th. Robert W. Baird reiterated a “buy” rating and issued a $72.00 price target on shares of Fortune Brands Home & Security in a research note on Tuesday, October 24th. Finally, Credit Suisse Group increased their price target on Fortune Brands Home & Security from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $70.00.

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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