Brokerages Set Fortune Brands Home & Security, Inc. (FBHS) PT at $68.17

Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) have received a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $68.17.

A number of research analysts recently weighed in on FBHS shares. Zacks Investment Research raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a report on Monday, August 21st. Jefferies Group LLC reaffirmed a “buy” rating and set a $76.00 price objective on shares of Fortune Brands Home & Security in a report on Thursday, June 1st. Wells Fargo & Company lowered Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price objective on the stock. in a report on Wednesday, July 19th. Finally, Longbow Research raised 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.

In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 60,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total transaction of $3,766,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider E Lee Wyatt sold 40,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $65.20, for a total value of $2,608,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 155,000 shares of company stock worth $9,944,850. 1.61% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. Lord Abbett & CO. LLC purchased a new stake in shares of Fortune Brands Home & Security in the second quarter valued at $11,962,000. Sentry Investment Management LLC lifted its position in shares of Fortune Brands Home & Security by 1.2% in the second quarter. Sentry Investment Management LLC now owns 10,287 shares of the industrial products company’s stock valued at $671,000 after acquiring an additional 122 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Fortune Brands Home & Security by 26.1% in the second quarter. Toronto Dominion Bank now owns 52,123 shares of the industrial products company’s stock valued at $3,400,000 after acquiring an additional 10,799 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of Fortune Brands Home & Security by 143.3% in the second quarter. WINTON GROUP Ltd now owns 188,855 shares of the industrial products company’s stock valued at $12,321,000 after acquiring an additional 111,246 shares in the last quarter. Finally, Castleark Management LLC purchased a new stake in shares of Fortune Brands Home & Security in the second quarter valued at $520,000. Institutional investors and hedge funds own 88.34% of the company’s stock.

Shares of Fortune Brands Home & Security (NYSE:FBHS) traded up 2.33% on Tuesday, hitting $64.43. The stock had a trading volume of 1,019,445 shares. Fortune Brands Home & Security has a 12 month low of $52.05 and a 12 month high of $67.50. The firm has a 50 day moving average of $63.96 and a 200 day moving average of $62.97. The stock has a market cap of $9.92 billion, a P/E ratio of 22.85 and a beta of 1.37.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. Fortune Brands Home & Security’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts forecast that Fortune Brands Home & Security 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 dividend of $0.18 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.12%. Fortune Brands Home & Security’s payout ratio is 25.35%.

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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.

Analyst Recommendations for Fortune Brands Home & Security (NYSE:FBHS)

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