M.D. Sass Investors Services Inc. reduced its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 46.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 279,175 shares of the industrial products company’s stock after selling 243,720 shares during the period. Fortune Brands Home & Security accounts for about 3.7% of M.D. Sass Investors Services Inc.’s investment portfolio, making the stock its 8th largest position. M.D. Sass Investors Services Inc. owned 0.20% of Fortune Brands Home & Security worth $15,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FBHS. Geode Capital Management LLC raised its holdings in shares of Fortune Brands Home & Security by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 1,920,463 shares of the industrial products company’s stock worth $72,834,000 after purchasing an additional 131,460 shares during the period. First Republic Investment Management Inc. acquired a new stake in Fortune Brands Home & Security during the 1st quarter worth approximately $240,000. Moors & Cabot Inc. acquired a new stake in Fortune Brands Home & Security during the 1st quarter worth approximately $248,000. Cornerstone Advisors Inc. increased its position in Fortune Brands Home & Security by 47.0% during the 1st quarter. Cornerstone Advisors Inc. now owns 638 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 204 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in Fortune Brands Home & Security by 2.8% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 12,814 shares of the industrial products company’s stock valued at $610,000 after buying an additional 347 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

FBHS has been the topic of a number of recent research reports. ValuEngine cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. TheStreet raised shares of Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a research note on Friday, June 28th. Loop Capital downgraded shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $50.00 target price on the stock. in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating and set a $54.00 target price on the stock. in a report on Monday, August 5th. Four analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Fortune Brands Home & Security has an average rating of “Hold” and a consensus target price of $53.00.

Fortune Brands Home & Security stock traded up $1.23 during midday trading on Wednesday, hitting $54.75. 91,652 shares of the company were exchanged, compared to its average volume of 830,677. The company’s fifty day moving average price is $51.84 and its 200-day moving average price is $51.41. The company has a market cap of $7.30 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.59 and a beta of 1.52. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.13 and a quick ratio of 0.69. Fortune Brands Home & Security Inc has a fifty-two week low of $35.27 and a fifty-two week high of $58.15.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.03. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.53 billion. Fortune Brands Home & Security had a net margin of 7.22% and a return on equity of 21.81%. Fortune Brands Home & Security’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. On average, analysts expect that Fortune Brands Home & Security Inc will post 3.6 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Friday, August 30th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, August 29th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.35%.

In other Fortune Brands Home & Security news, Director A D. David Mackay sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $50.40, for a total transaction of $504,000.00. Following the completion of the sale, the director now owns 11,532 shares in the company, valued at approximately $581,212.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $56.74, for a total value of $283,700.00. Following the sale, the director now owns 11,589 shares of the company’s stock, valued at approximately $657,559.86. The disclosure for this sale can be found here. Insiders own 1.63% of the company’s stock.

Fortune Brands Home & Security Profile

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Cabinets, Plumbing, and Doors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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

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