Glenmede Trust Co. NA Has $23,276,000 Stake in Fortune Brands Home & Security, Inc. (FBHS)

Glenmede Trust Co. NA held its position in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 435,424 shares of the industrial products company’s stock at the end of the first quarter. Glenmede Trust Co. NA owned approximately 0.28% of Fortune Brands Home & Security worth $23,276,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Welch Group LLC purchased a new stake in shares of Fortune Brands Home & Security during the first quarter worth about $112,000. State of Alaska Department of Revenue bought a new position in shares of 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. NN Investment Partners Holdings N.V. increased its stake 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 in the last quarter. Finally, Pacer Advisors Inc. increased its stake 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 worth $183,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 85.64% of the company’s stock.

Fortune Brands Home & Security, Inc. (FBHS) traded up 0.29% on Wednesday, reaching $66.75. The company had a trading volume of 296,908 shares. Fortune Brands Home & Security, Inc. has a 52 week low of $52.05 and a 52 week high of $67.15. The stock’s 50-day moving average is $63.82 and its 200-day moving average is $59.80. The company has a market capitalization of $10.27 billion, a P/E ratio of 24.36 and a beta of 1.39.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. Fortune Brands Home & Security had a net margin of 8.48% and a return on equity of 19.01%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business posted $0.39 earnings per share. Fortune Brands Home & Security’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that Fortune Brands Home & Security, Inc. will post $3.10 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Friday, May 26th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.08%. The ex-dividend date was Wednesday, May 24th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.28%.

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FBHS has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Monday, April 24th. Instinet reaffirmed a “hold” rating on shares of Fortune Brands Home & Security in a report on Friday, April 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Fortune Brands Home & Security in a research note on Thursday, June 1st. Barclays PLC reissued a “hold” rating and issued a $62.00 price target on shares of Fortune Brands Home & Security in a research report on Friday, April 28th. Finally, Nomura started coverage on Fortune Brands Home & Security in a report on Wednesday, April 12th. They set a “neutral” rating and a $65.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $67.50.

In other news, CEO Christopher J. Klein sold 40,063 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $63.13, for a total value of $2,529,177.19. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David Randich sold 72,646 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $63.53, for a total transaction of $4,615,200.38. The disclosure for this sale can be found here. Insiders sold 229,611 shares of company stock valued at $14,626,719 in the last three months. 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.

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

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