Fortune Brands Home & Security Inc (FBHS) Stake Increased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. boosted its position in Fortune Brands Home & Security Inc (NYSE:FBHS) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,051 shares of the industrial products company’s stock after buying an additional 105 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Fortune Brands Home & Security were worth $460,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Welch Group LLC purchased a new stake in Fortune Brands Home & Security during the first quarter worth $112,000. State of Alaska Department of Revenue purchased a new stake in Fortune Brands Home & Security during the first quarter worth $126,000. Global X Management Co. LLC increased its stake in 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 worth $128,000 after buying an additional 470 shares during the last quarter. 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 worth $148,000 after buying an additional 83 shares during the period. Finally, 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 worth $168,000 after buying an additional 1,850 shares during the period. Institutional investors own 85.89% of the company’s stock.

Fortune Brands Home & Security Inc (FBHS) traded up 0.67% during mid-day trading on Friday, reaching $63.31. The company had a trading volume of 1,002,023 shares. Fortune Brands Home & Security Inc has a 52 week low of $52.05 and a 52 week high of $67.50. The firm has a market capitalization of $9.75 billion, a PE ratio of 22.54 and a beta of 1.39. The stock’s 50-day moving average price is $65.68 and its 200 day moving average price is $62.09.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Fortune Brands Home & Security had a net margin of 10.28% and a return on equity of 22.53%. Fortune Brands Home & Security’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. On average, equities research analysts predict that Fortune Brands Home & Security Inc will post $3.10 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Friday, August 25th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.14%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 25.35%.

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A number of equities analysts have commented on the company. Instinet reaffirmed a “hold” rating on shares of Fortune Brands Home & Security in a research note on Friday, April 14th. Jefferies Group LLC lifted their price target on Fortune Brands Home & Security from $67.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Royal Bank Of Canada boosted their target price on Fortune Brands Home & Security from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. BidaskClub cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Saturday. 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 research note on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $67.73.

In related news, CEO Christopher J. Klein sold 40,063 shares of Fortune Brands Home & Security stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $63.13, for a total transaction of $2,529,177.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO E Lee Wyatt sold 40,000 shares of Fortune Brands Home & Security stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $63.48, for a total transaction of $2,539,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,265 shares of company stock worth $12,386,418. 1.61% of the stock is owned by company 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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