Standard Life Investments LTD trimmed its position in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,013,881 shares of the industrial products company’s stock after selling 481,908 shares during the period. Fortune Brands Home & Security accounts for 1.5% of Standard Life Investments LTD’s portfolio, making the stock its 14th biggest position. Standard Life Investments LTD owned approximately 4.56% of Fortune Brands Home & Security worth $457,621,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Fortune Brands Home & Security by 2.8% in the first quarter. Vanguard Group Inc. now owns 14,700,272 shares of the industrial products company’s stock worth $894,511,000 after acquiring an additional 398,436 shares during the last quarter. BlackRock Inc. grew its stake in shares of Fortune Brands Home & Security by 1,433.3% in the first quarter. BlackRock Inc. now owns 12,580,467 shares of the industrial products company’s stock worth $765,522,000 after acquiring an additional 11,759,987 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Fortune Brands Home & Security by 2.6% in the second quarter. JPMorgan Chase & Co. now owns 7,678,714 shares of the industrial products company’s stock worth $500,961,000 after acquiring an additional 194,325 shares during the last quarter. Pictet Asset Management Ltd. grew its stake in shares of Fortune Brands Home & Security by 25.9% in the second quarter. Pictet Asset Management Ltd. now owns 2,500,219 shares of the industrial products company’s stock worth $157,763,000 after acquiring an additional 514,041 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Fortune Brands Home & Security by 8.9% in the first quarter. Geode Capital Management LLC now owns 1,503,520 shares of the industrial products company’s stock worth $91,360,000 after acquiring an additional 122,830 shares during the last quarter. 88.34% of the stock is currently owned by institutional investors.

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Fortune Brands Home & Security, Inc. (NYSE:FBHS) traded down 1.39% during midday trading on Wednesday, hitting $64.53. The company had a trading volume of 250,508 shares. The stock has a 50 day moving average price of $63.92 and a 200-day moving average price of $63.11. The stock has a market capitalization of $9.94 billion, a PE ratio of 22.97 and a beta of 1.37. Fortune Brands Home & Security, Inc. has a 52 week low of $52.05 and a 52 week high of $67.50.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The business had revenue of $1.37 billion for 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 quarter in the previous year, the business earned $0.82 EPS. On average, equities analysts predict that Fortune Brands Home & Security, Inc. will post $3.10 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.72 annualized dividend and a yield of 1.10%. Fortune Brands Home & Security’s payout ratio is presently 25.35%.

In other news, CEO Christopher J. Klein sold 60,000 shares of the business’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider E Lee Wyatt sold 40,000 shares of the business’s stock in a transaction dated 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. In the last quarter, insiders have sold 155,000 shares of company stock worth $9,944,850. Company insiders own 1.61% of the company’s stock.

A number of research firms have recently commented on FBHS. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 target price on shares of Fortune Brands Home & Security in a research note on Monday, August 21st. BidaskClub cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research cut Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Wells Fargo & Company cut Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 target price on the stock. in a research note on Wednesday, July 19th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $76.00 target price on shares of Fortune Brands Home & Security in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price 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.

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Institutional Ownership by Quarter for Fortune Brands Home & Security (NYSE:FBHS)

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