Fortune Brands Home & Security, Inc. (NYSE:FBHS)‘s stock had its “buy” rating reaffirmed by equities researchers at Robert W. Baird in a report released on Tuesday. They presently have a $72.00 price objective on the industrial products company’s stock. Robert W. Baird’s price objective suggests a potential upside of 5.70% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $78.00 price objective on shares of Fortune Brands Home & Security in a research note on Thursday, October 12th. Longbow Research upgraded shares of Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a report on Tuesday, July 4th. BidaskClub lowered shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, July 20th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $75.00 target price on shares of Fortune Brands Home & Security in a report on Monday, August 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $69.00.

Fortune Brands Home & Security (NYSE:FBHS) traded up 0.86% during midday trading on Tuesday, hitting $68.12. The company had a trading volume of 1,775,115 shares. Fortune Brands Home & Security has a 52 week low of $52.05 and a 52 week high of $68.36. The firm’s 50 day moving average is $65.49 and its 200-day moving average is $64.41. The firm has a market capitalization of $10.49 billion, a P/E ratio of 24.25 and a beta of 1.37.

Fortune Brands Home & Security (NYSE:FBHS) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.05. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. On average, equities research analysts expect that Fortune Brands Home & Security will post $3.09 EPS for the current fiscal year.

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In other news, insider E Lee Wyatt sold 2,600 shares of Fortune Brands Home & Security stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $65.11, for a total transaction of $169,286.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Klein sold 60,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $62.78, for a total transaction of $3,766,800.00. The disclosure for this sale can be found here. Insiders sold 136,000 shares of company stock valued at $8,715,420 over the last 90 days. 1.61% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its holdings in shares of Fortune Brands Home & Security by 60.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 600 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fortune Brands Home & Security by 1.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 23 shares during the last quarter. Global X Management Co. LLC lifted its holdings in shares of Fortune Brands Home & Security by 28.7% during the first quarter. Global X Management Co. LLC now owns 2,106 shares of the industrial products company’s stock valued at $128,000 after purchasing an additional 470 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Fortune Brands Home & Security by 1.9% during the second 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 during the last quarter. Finally, Stephens Inc. AR purchased a new position in shares of Fortune Brands Home & Security during the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 87.94% 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.

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

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