Goelzer Investment Management Inc. Has $2.91 Million Position in Fortune Brands Home & Security, Inc. (FBHS)

Goelzer Investment Management Inc. cut its stake in shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,568 shares of the industrial products company’s stock after selling 865 shares during the period. Goelzer Investment Management Inc.’s holdings in Fortune Brands Home & Security were worth $2,908,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kentucky Retirement Systems bought a new stake in Fortune Brands Home & Security during the fourth quarter valued at about $599,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Fortune Brands Home & Security during the fourth quarter valued at about $267,000. Macquarie Group Ltd. boosted its stake in Fortune Brands Home & Security by 336.3% in the fourth quarter. Macquarie Group Ltd. now owns 254,800 shares of the industrial products company’s stock valued at $13,622,000 after buying an additional 196,400 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Fortune Brands Home & Security by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 131,963 shares of the industrial products company’s stock valued at $8,030,000 after buying an additional 3,022 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in shares of Fortune Brands Home & Security by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 48,700 shares of the industrial products company’s stock worth $2,963,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 85.73% of the company’s stock.

Fortune Brands Home & Security, Inc. (NYSE FBHS) traded down 0.30% during trading on Friday, hitting $62.50. 1,327,532 shares of the stock traded hands. The firm’s 50-day moving average is $65.38 and its 200 day moving average is $62.34. Fortune Brands Home & Security, Inc. has a 52 week low of $52.05 and a 52 week high of $67.50. The stock has a market cap of $9.63 billion, a P/E ratio of 22.25 and a beta of 1.39.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.87 by $0.05. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $0.82 earnings per share. Equities research analysts forecast that Fortune Brands Home & Security, Inc. will post $3.10 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Friday, August 25th will be given a $0.18 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.72 annualized dividend and a yield of 1.15%. Fortune Brands Home & Security’s dividend payout ratio is presently 25.35%.

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A number of brokerages have weighed in on FBHS. BidaskClub cut shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Royal Bank Of Canada reissued a “buy” rating and set a $75.00 target price on shares of Fortune Brands Home & Security in a report on Tuesday, July 18th. Jefferies Group LLC reissued a “buy” rating and set a $76.00 target price on shares of Fortune Brands Home & Security in a report on Friday, July 14th. Credit Suisse Group assumed coverage on shares of Fortune Brands Home & Security in a report on Thursday, June 22nd. They issued an “outperform” rating and a $72.00 price objective on the stock. Finally, Longbow Research raised shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $67.73.

In other news, insider E Lee Wyatt sold 40,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $65.20, for a total transaction of $2,608,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Norman H. Wesley sold 18,202 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $62.63, for a total value of $1,139,991.26. Following the transaction, the director now owns 2,132 shares of the company’s stock, valued at $133,527.16. The disclosure for this sale can be found here. Insiders sold 193,265 shares of company stock valued at $12,386,418 over the last quarter. Corporate insiders own 1.61% of the company’s stock.

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.

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

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