Daruma Capital Management LLC reduced its stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 2.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,166 shares of the industrial products company’s stock after selling 1,197 shares during the period. Daruma Capital Management LLC’s holdings in Fortune Brands Home & Security were worth $3,403,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its holdings in Fortune Brands Home & Security by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,978 shares of the industrial products company’s stock worth $520,000 after buying an additional 21 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Fortune Brands Home & Security by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock worth $123,000 after buying an additional 23 shares during the period. MUFG Americas Holdings Corp boosted its holdings in Fortune Brands Home & Security by 0.7% in the 2nd quarter. MUFG Americas Holdings Corp now owns 5,184 shares of the industrial products company’s stock worth $338,000 after buying an additional 35 shares during the period. State of Alaska Department of Revenue boosted its holdings in Fortune Brands Home & Security by 1.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock worth $137,000 after buying an additional 40 shares during the period. Finally, Profund Advisors LLC boosted its holdings in Fortune Brands Home & Security by 1.1% in the 2nd quarter. Profund Advisors LLC now owns 3,880 shares of the industrial products company’s stock worth $253,000 after buying an additional 42 shares during the period. 88.13% of the stock is owned by hedge funds and other institutional investors.

FBHS has been the subject of several analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Fortune Brands Home & Security in a report on Friday, July 14th. BidaskClub raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Credit Suisse Group initiated coverage on shares of Fortune Brands Home & Security in a report on Thursday, June 22nd. They issued an “outperform” rating and a $72.00 price objective for the company. Wells Fargo & Company downgraded shares of 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. Finally, Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Thursday, July 20th. One 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. The company presently has a consensus rating of “Hold” and an average target price of $68.58.

In other Fortune Brands Home & Security news, insider E Lee Wyatt sold 40,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $65.20, for a total transaction of $2,608,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Klein sold 60,000 shares of the stock in a transaction 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. In the last 90 days, insiders have sold 136,000 shares of company stock valued at $8,715,420. 1.61% of the stock is owned by company insiders.

Fortune Brands Home & Security, Inc. (FBHS) traded up 0.32% during mid-day trading on Friday, hitting $65.96. 767,513 shares of the stock traded hands. The company’s 50 day moving average is $64.33 and its 200 day moving average is $63.92. Fortune Brands Home & Security, Inc. has a 12 month low of $52.05 and a 12 month high of $67.77. The company has a market cap of $10.16 billion, a P/E ratio of 23.48 and a beta of 1.37.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 24th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.09%. Fortune Brands Home & Security’s dividend payout ratio is 25.35%.

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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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