M&T Bank Corp grew its holdings in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,899 shares of the industrial products company’s stock after purchasing an additional 176 shares during the period. M&T Bank Corp’s holdings in Fortune Brands Home & Security were worth $1,364,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Eagle Asset Management Inc. increased its holdings in shares of Fortune Brands Home & Security by 20.2% during 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 purchasing an additional 77,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Fortune Brands Home & Security by 23.1% during 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 purchasing an additional 7,654 shares during the period. 10 15 Associates Inc. acquired a new position in shares of Fortune Brands Home & Security during the first quarter valued at $1,475,000. Geode Capital Management LLC increased its holdings in shares of Fortune Brands Home & Security by 8.9% during the first quarter. Geode Capital Management LLC now owns 1,503,520 shares of the industrial products company’s stock valued at $91,360,000 after purchasing an additional 122,830 shares during the period. Finally, Boston Private Wealth LLC increased its holdings in shares of Fortune Brands Home & Security by 4.8% during 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 purchasing an additional 1,264 shares during the period. 88.13% of the stock is currently owned by institutional investors.

Fortune Brands Home & Security, Inc. (NYSE FBHS) opened at 67.23 on Friday. The company has a 50-day moving average price of $63.73 and a 200-day moving average price of $63.39. The stock has a market cap of $10.35 billion, a PE ratio of 23.93 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 $67.76.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts anticipate that Fortune Brands Home & Security, Inc. will post $3.10 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 24th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.07%. Fortune Brands Home & Security’s dividend payout ratio is presently 25.35%.

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In related news, insider E Lee Wyatt sold 40,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $65.20, for a total value of $2,608,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher J. Klein sold 60,000 shares of the company’s stock in a transaction dated 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 sold 136,000 shares of company stock valued at $8,715,420 in the last quarter. 1.61% of the stock is currently owned by corporate insiders.

A number of research analysts recently issued reports on the company. Zacks Investment Research raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 target price on shares of Fortune Brands Home & Security in a report on Monday, August 21st. Wells Fargo & Company lowered 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 report on Wednesday, July 19th. BidaskClub raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Longbow Research raised Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday, July 4th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Fortune Brands Home & Security has an average rating of “Buy” and a consensus price target of $68.58.

Fortune Brands Home & Security 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.

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

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