Shares of Fortune Brands Home & Security Inc (NYSE:FBHS) have earned an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $70.33.

A number of research analysts recently issued reports on FBHS shares. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. BidaskClub upgraded shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Robert W. Baird reiterated a “buy” rating and issued a $72.00 target price on shares of Fortune Brands Home & Security in a research note on Tuesday, October 24th. Royal Bank of Canada reiterated a “buy” rating and issued a $75.00 target price on shares of Fortune Brands Home & Security in a research note on Monday, September 25th. Finally, J P Morgan Chase & Co raised their target price on shares of Fortune Brands Home & Security from $70.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, October 30th.

In other news, insider E Lee Wyatt sold 33,400 shares of Fortune Brands Home & Security stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $65.01, for a total transaction of $2,171,334.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Christopher J. Klein sold 85,000 shares of Fortune Brands Home & Security stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $67.13, for a total transaction of $5,706,050.00. The disclosure for this sale can be found here. 1.61% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in FBHS. Acrospire Investment Management LLC lifted its holdings in Fortune Brands Home & Security by 60.0% during the 2nd 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. Chicago Partners Investment Group LLC bought a new position in Fortune Brands Home & Security during the 3rd quarter valued at about $117,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Fortune Brands Home & Security by 1.2% during the 2nd 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 Fortune Brands Home & Security by 13.2% during the 2nd quarter. Global X Management Co. LLC now owns 2,385 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 279 shares during the last quarter. Finally, Stephens Inc. AR bought a new position in Fortune Brands Home & Security during the 2nd quarter valued at about $201,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

Fortune Brands Home & Security (NYSE:FBHS) opened at $66.70 on Friday. Fortune Brands Home & Security has a 12 month low of $53.15 and a 12 month high of $69.61. The company has a quick ratio of 1.17, a current ratio of 1.87 and a debt-to-equity ratio of 0.57. The stock has a market cap of $10,130.00, a price-to-earnings ratio of 22.49, a P/E/G ratio of 2.10 and a beta of 1.41.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Fortune Brands Home & Security had a net margin of 8.62% and a return on equity of 18.64%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business posted $0.80 EPS. Fortune Brands Home & Security’s revenue was up 5.5% compared to the same quarter last year. equities analysts anticipate that Fortune Brands Home & Security will post 3.07 earnings per share for the current fiscal year.

Fortune Brands Home & Security announced that its Board of Directors has authorized a stock repurchase plan on Monday, December 11th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Friday, February 23rd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.20%. This is a positive change from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, February 22nd. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 24.91%.

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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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