Cambridge Investment Research Advisors Inc. Sells 26,708 Shares of Fortune Brands Home & Security, Inc. (FBHS)

Cambridge Investment Research Advisors Inc. lowered its holdings in Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 76.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,369 shares of the industrial products company’s stock after selling 26,708 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Fortune Brands Home & Security were worth $546,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Alps Advisors Inc. raised its holdings in shares of Fortune Brands Home & Security by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,978 shares of the industrial products company’s stock valued at $520,000 after purchasing an additional 21 shares in the last quarter. MUFG Americas Holdings Corp raised its holdings in shares of Fortune Brands Home & Security by 0.7% in the 2nd quarter. MUFG Americas Holdings Corp now owns 5,184 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 35 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Fortune Brands Home & Security by 1.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock valued at $137,000 after purchasing an additional 40 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Fortune Brands Home & Security by 0.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 11,346 shares of the industrial products company’s stock valued at $740,000 after purchasing an additional 64 shares in the last quarter. Finally, Oakbrook Investments LLC raised its holdings in shares of Fortune Brands Home & Security by 0.6% in the 2nd quarter. Oakbrook Investments LLC now owns 12,220 shares of the industrial products company’s stock valued at $797,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 88.34% of the company’s stock.

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Several research firms have recently commented on FBHS. BidaskClub lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Tuesday, June 27th. Royal Bank Of Canada restated a “buy” rating and issued a $75.00 price target on shares of Fortune Brands Home & Security in a report on Monday, August 21st. Jefferies Group LLC restated a “buy” rating and issued a $76.00 price target on shares of Fortune Brands Home & Security in a report on Thursday, June 1st. Finally, Longbow Research upgraded shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $68.69.

In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 55,000 shares of the 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider E Lee Wyatt sold 40,000 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $65.20, for a total transaction of $2,608,000.00. The disclosure for this sale can be found here. Insiders sold 155,000 shares of company stock worth $9,944,850 over the last quarter. 1.61% of the stock is currently owned by insiders.

Fortune Brands Home & Security, Inc. (NYSE FBHS) opened at 64.43 on Monday. The stock has a market cap of $9.92 billion, a P/E ratio of 22.94 and a beta of 1.37. The stock has a 50 day moving average of $63.96 and a 200-day moving average of $62.97. Fortune Brands Home & Security, Inc. has a 12 month low of $52.05 and a 12 month high of $67.50.

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 the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.61% and a return on equity of 18.93%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, equities 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 will be paid on Wednesday, September 13th. Shareholders of record on Friday, August 25th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.72 annualized dividend and a yield of 1.12%. Fortune Brands Home & Security’s dividend payout ratio is currently 25.35%.

Fortune Brands Home & Security Company Profile

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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