Fortune Brands Home & Security Inc (NYSE:FBHS) Shares Acquired by Icon Advisers Inc. Co.

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Icon Advisers Inc. Co. lifted its stake in shares of Fortune Brands Home & Security Inc (NYSE:FBHS) by 608.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 248,800 shares of the industrial products company’s stock after purchasing an additional 213,700 shares during the quarter. Fortune Brands Home & Security comprises about 1.3% of Icon Advisers Inc. Co.’s investment portfolio, making the stock its 18th largest position. Icon Advisers Inc. Co. owned approximately 0.18% of Fortune Brands Home & Security worth $14,214,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of FBHS. Swiss National Bank boosted its position in shares of Fortune Brands Home & Security by 1.5% in the 1st quarter. Swiss National Bank now owns 472,900 shares of the industrial products company’s stock worth $22,515,000 after buying an additional 7,100 shares in the last quarter. FMR LLC lifted its holdings in Fortune Brands Home & Security by 3.8% in the 1st quarter. FMR LLC now owns 3,117,381 shares of the industrial products company’s stock valued at $148,419,000 after purchasing an additional 114,490 shares in the last quarter. Grimes & Company Inc. lifted its holdings in Fortune Brands Home & Security by 10.2% in the 2nd quarter. Grimes & Company Inc. now owns 4,639 shares of the industrial products company’s stock valued at $265,000 after purchasing an additional 429 shares in the last quarter. Moors & Cabot Inc. purchased a new position in Fortune Brands Home & Security in the 1st quarter valued at about $248,000. Finally, BP PLC purchased a new position in Fortune Brands Home & Security in the 2nd quarter valued at about $857,000. 87.38% of the stock is currently owned by institutional investors and hedge funds.

In other 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 shares were 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 of the company’s stock, valued at $581,212.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald V. Waters sold 5,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $56.74, for a total value of $283,700.00. Following the transaction, the director now owns 11,589 shares in the company, valued at $657,559.86. The disclosure for this sale can be found here. 1.63% of the stock is owned by company insiders.

A number of research analysts have issued reports on the stock. Loop Capital lowered 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 report on Tuesday, July 2nd. TheStreet upgraded shares of Fortune Brands Home & Security from a “c+” rating to a “b-” rating in a report on Friday, June 28th. SunTrust Banks upped their target price on shares of Fortune Brands Home & Security to $50.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Bank of America upgraded shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and upped their target price for the company from $55.00 to $64.00 in a report on Monday, May 6th. 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. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $54.30.

Shares of FBHS stock traded up $0.33 during trading hours on Friday, hitting $50.06. 81,473 shares of the company were exchanged, compared to its average volume of 1,519,992. The firm has a market cap of $7.23 billion, a PE ratio of 14.99, a PEG ratio of 1.57 and a beta of 1.54. Fortune Brands Home & Security Inc has a 1 year low of $35.27 and a 1 year high of $58.15. The company has a quick ratio of 0.69, a current ratio of 1.13 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average of $54.44 and a 200 day moving average of $50.89.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Friday, August 30th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, August 29th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.35%.

Fortune Brands Home & Security Company 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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