NorthCrest Asset Manangement LLC reduced its position in Fortune Brands Home & Security, Inc. (NYSE:FBHS – Get Rating) by 4.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,589 shares of the industrial products company's stock after selling 316 shares during the period. NorthCrest Asset Manangement LLC's holdings in Fortune Brands Home & Security were worth $395,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Clearstead Advisors LLC bought a new position in Fortune Brands Home & Security in the 4th quarter valued at about $27,000. Allworth Financial LP raised its holdings in Fortune Brands Home & Security by 128.1% in the 1st quarter. Allworth Financial LP now owns 463 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 260 shares during the period. Sargent Bickham Lagudis LLC raised its holdings in Fortune Brands Home & Security by 49.8% in the 1st quarter. Sargent Bickham Lagudis LLC now owns 478 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 159 shares during the period. CKW Financial Group bought a new position in Fortune Brands Home & Security in the 1st quarter valued at about $37,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Fortune Brands Home & Security in the 1st quarter valued at about $41,000. 85.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. TheStreet cut shares of Fortune Brands Home & Security from a "b-" rating to a "c+" rating in a report on Tuesday, July 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fortune Brands Home & Security in a report on Wednesday, August 17th. They set a "buy" rating and a $100.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of Fortune Brands Home & Security from $84.00 to $77.00 in a report on Friday, July 15th. Wells Fargo & Company lowered their target price on shares of Fortune Brands Home & Security from $76.00 to $66.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 28th. Finally, BMO Capital Markets lowered their target price on shares of Fortune Brands Home & Security from $115.00 to $90.00 in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $90.29.

Fortune Brands Home & Security Stock Performance

Fortune Brands Home & Security (NYSE:FBHS – Get Rating) last issued its earnings results on Wednesday, July 27th. The industrial products company reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.09. Fortune Brands Home & Security had a net margin of 9.41% and a return on equity of 26.19%. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business posted $1.56 earnings per share. The company's quarterly revenue was up 9.0% on a year-over-year basis. On average, equities analysts forecast that Fortune Brands Home & Security, Inc. will post 6.42 earnings per share for the current fiscal year.

Fortune Brands Home & Security Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Friday, August 26th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, August 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.08%. Fortune Brands Home & Security's dividend payout ratio (DPR) is presently 20.25%.

Insider Transactions at Fortune Brands Home & Security

In other news, Director A D. David Mackay sold 2,000 shares of Fortune Brands Home & Security stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $60.00, for a total transaction of $120,000.00. Following the transaction, the director now owns 6,000 shares in the company, valued at $360,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.97% of the stock is owned by company insiders.

Fortune Brands Home & Security Profile

(Get Rating)

Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and Shaws brands in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.

Read More

• Get a free copy of the StockNews.com research report on Fortune Brands Home & Security (FBHS)
• MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
• MO Money: Why Altria Group Stock is Rallying
• Is the Market Overreacting with Shopify Stock?
• Fed Raises Rates: 3 Stocks to Watch Newmont Mining, Walmart, AMC
• Three Consumer Stocks That Could Outperform In Q4

Receive News & Ratings for Fortune Brands Home & Security Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security and related companies with MarketBeat.com's FREE daily email newsletter.