State of Alaska Department of Revenue increased its stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 2,115 shares of the industrial products company’s stock after buying an additional 40 shares during the period. State of Alaska Department of Revenue’s holdings in Fortune Brands Home & Security were worth $137,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Welch Group LLC bought a new position in shares of Fortune Brands Home & Security during the first quarter valued at $112,000. Global X Management Co. LLC boosted its position in shares of Fortune Brands Home & Security by 28.7% in the first quarter. Global X Management Co. LLC now owns 2,106 shares of the industrial products company’s stock valued at $128,000 after buying an additional 470 shares during the period. Salem Investment Counselors Inc. boosted its position in shares of Fortune Brands Home & Security by 3.5% in the first quarter. Salem Investment Counselors Inc. now owns 2,454 shares of the industrial products company’s stock valued at $148,000 after buying an additional 83 shares during the period. NN Investment Partners Holdings N.V. boosted its position in shares of Fortune Brands Home & Security by 205.6% in the first quarter. NN Investment Partners Holdings N.V. now owns 2,750 shares of the industrial products company’s stock valued at $168,000 after buying an additional 1,850 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of Fortune Brands Home & Security by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,004 shares of the industrial products company’s stock valued at $183,000 after buying an additional 95 shares during the period. Institutional investors own 85.89% of the company’s stock.

Fortune Brands Home & Security, Inc. (FBHS) traded down 0.69% during trading on Thursday, reaching $63.43. The company had a trading volume of 494,706 shares. The firm has a market capitalization of $9.77 billion, a P/E ratio of 22.58 and a beta of 1.39. Fortune Brands Home & Security, Inc. has a one year low of $52.05 and a one year high of $67.50. The firm’s 50-day moving average price is $65.79 and its 200 day moving average price is $62.03.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 earnings per share. Equities analysts forecast that Fortune Brands Home & Security, Inc. will post $3.10 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Friday, August 25th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.13%. Fortune Brands Home & Security’s payout ratio is 25.35%.

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FBHS has been the subject of several recent research reports. Royal Bank Of Canada reiterated a “buy” rating on shares of Fortune Brands Home & Security in a research report on Thursday, April 27th. Jefferies Group LLC lifted their price target on Fortune Brands Home & Security from $67.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, April 24th. BidaskClub upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Tuesday, June 27th. Finally, Longbow Research upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Tuesday, July 4th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $67.73.

In related news, CEO Christopher J. Klein sold 40,063 shares of Fortune Brands Home & Security stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $63.13, for a total value of $2,529,177.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO E Lee Wyatt sold 40,000 shares of Fortune Brands Home & Security stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $63.48, for a total value of $2,539,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 193,265 shares of company stock valued at $12,386,418. Company insiders own 1.61% of the company’s stock.

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.

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

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