Greenwood Capital Associates LLC raised its position in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,918 shares of the industrial products company’s stock after buying an additional 330 shares during the period. Greenwood Capital Associates LLC’s holdings in Fortune Brands Home & Security were worth $582,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Grimes & Company Inc. purchased a new position in shares of Fortune Brands Home & Security during the first quarter worth $213,000. Stoneridge Investment Partners LLC increased its position in shares of Fortune Brands Home & Security by 76.3% in the first quarter. Stoneridge Investment Partners LLC now owns 15,866 shares of the industrial products company’s stock worth $965,000 after buying an additional 6,866 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Fortune Brands Home & Security by 3.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,710 shares of the industrial products company’s stock worth $1,504,000 after buying an additional 875 shares during the last quarter. Advisor Partners LLC increased its position in shares of Fortune Brands Home & Security by 15.4% in the first quarter. Advisor Partners LLC now owns 4,573 shares of the industrial products company’s stock worth $278,000 after buying an additional 609 shares during the last quarter. Finally, Tocqueville Asset Management L.P. increased its position in shares of Fortune Brands Home & Security by 10.6% in the first quarter. Tocqueville Asset Management L.P. now owns 10,400 shares of the industrial products company’s stock worth $633,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 88.33% of the company’s stock.

Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) opened at 61.94 on Wednesday. The stock has a 50 day moving average of $65.01 and a 200-day moving average of $62.59. Fortune Brands Home & Security, Inc. has a 12 month low of $52.05 and a 12 month high of $67.50. The company has a market cap of $9.54 billion, a PE ratio of 22.05 and a beta of 1.39.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 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 company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the company earned $0.82 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. Equities analysts forecast that Fortune Brands Home & Security, Inc. will post $3.10 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Friday, August 25th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Wednesday, August 23rd. Fortune Brands Home & Security’s payout ratio is presently 25.35%.

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A number of equities analysts recently weighed in on FBHS shares. Credit Suisse Group started coverage on shares of Fortune Brands Home & Security in a report on Thursday, June 22nd. They set an “outperform” rating and a $72.00 target price on the stock. BidaskClub upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Jefferies Group LLC restated a “buy” rating and set a $76.00 target price on shares of Fortune Brands Home & Security in a report on Friday, July 14th. Zacks Investment Research upgraded shares of 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. Finally, Wells Fargo & Company cut 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 research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. Fortune Brands Home & Security has an average rating of “Hold” and an average target price of $68.43.

In other news, CFO E Lee Wyatt sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $63.48, for a total value of $2,539,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Klein sold 55,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $64.91, for a total value of $3,570,050.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 213,202 shares of company stock valued at $13,624,041. 1.61% of the stock is owned by corporate insiders.

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.

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

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