Gotham Asset Management LLC reduced its position in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 99.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,883 shares of the industrial products company’s stock after selling 443,521 shares during the quarter. Gotham Asset Management LLC’s holdings in Fortune Brands Home & Security were worth $253,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Eagle Asset Management Inc. grew its stake in shares of 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 worth $30,173,000 after acquiring an additional 77,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of 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 worth $2,664,000 after acquiring an additional 7,654 shares during the period. Greenwood Capital Associates LLC grew its stake in shares of 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 worth $582,000 after acquiring an additional 330 shares during the period. Boston Private Wealth LLC grew its stake in shares of 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 worth $1,808,000 after acquiring an additional 1,264 shares during the period. Finally, Andra AP fonden grew its stake in shares of Fortune Brands Home & Security by 25.2% in the second quarter. Andra AP fonden now owns 15,400 shares of the industrial products company’s stock worth $1,005,000 after acquiring an additional 3,100 shares during the period. Institutional investors and hedge funds own 88.08% of the company’s stock.

A number of analysts have recently commented on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $78.00 price target on shares of Fortune Brands Home & Security in a research note on Thursday, October 12th. Longbow Research upgraded shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Tuesday, July 4th. BidaskClub lowered shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Thursday, July 20th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $75.00 target price on shares of Fortune Brands Home & Security in a research report on Monday, August 21st. One investment 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 stock has a consensus rating of “Hold” and an average target price of $68.75.

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In other news, 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 transaction of $169,286.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Christopher J. Klein sold 60,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $62.78, for a total value of $3,766,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 136,000 shares of company stock worth $8,715,420 in the last quarter. Insiders own 1.61% of the company’s stock.

Fortune Brands Home & Security, Inc. (FBHS) opened at 67.00 on Monday. The stock has a market cap of $10.32 billion, a P/E ratio of 23.85 and a beta of 1.37. The stock has a 50 day moving average of $65.36 and a 200 day moving average of $64.32. Fortune Brands Home & Security, Inc. has a 12-month low of $52.05 and a 12-month high of $67.76.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm posted $0.82 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts anticipate that Fortune Brands Home & Security, Inc. will post $3.09 earnings per share for the current fiscal year.

The firm 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 dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.07%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 25.35%.

Fortune Brands Home & Security Company Profile

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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