Fortune Brands Home & Security Inc (NYSE:FBHS) – Analysts at Jefferies Group upped their Q1 2018 EPS estimates for shares of Fortune Brands Home & Security in a report released on Wednesday. Jefferies Group analyst P. Ng now expects that the industrial products company will earn $0.65 per share for the quarter, up from their previous estimate of $0.57. Jefferies Group currently has a “Buy” rating and a $78.00 target price on the stock. Jefferies Group also issued estimates for Fortune Brands Home & Security’s Q3 2018 earnings at $1.07 EPS, FY2018 earnings at $3.88 EPS and FY2019 earnings at $4.41 EPS.

A number of other brokerages have also weighed in on FBHS. Zacks Investment Research lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Citigroup boosted their price objective on Fortune Brands Home & Security from $68.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Royal Bank of Canada restated a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a research report on Monday, September 25th. JPMorgan Chase & Co. boosted their price objective on Fortune Brands Home & Security from $70.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. Finally, Credit Suisse Group boosted their price objective on Fortune Brands Home & Security from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $71.33.

Shares of Fortune Brands Home & Security (NYSE FBHS) opened at $72.64 on Friday. The firm has a market capitalization of $11,025.29, a price-to-earnings ratio of 25.05, a P/E/G ratio of 1.97 and a beta of 1.41. Fortune Brands Home & Security has a 52-week low of $54.24 and a 52-week high of $72.94. The company has a current ratio of 1.87, a quick ratio of 1.17 and a debt-to-equity ratio of 0.57.

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

Fortune Brands Home & Security announced that its Board of Directors has approved 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 reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors 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 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, February 22nd. This is a positive change from Fortune Brands Home & Security’s previous quarterly dividend of $0.18. Fortune Brands Home & Security’s payout ratio is 24.83%.

In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 85,000 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $67.13, for a total value of $5,706,050.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ronald V. Waters sold 5,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $71.50, for a total value of $357,500.00. Following the sale, the director now owns 21,674 shares in the company, valued at approximately $1,549,691. The disclosure for this sale can be found here. Insiders own 1.61% of the company’s stock.

Several institutional investors have recently made changes to their positions in FBHS. Acrospire Investment Management LLC boosted its position in shares of 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 in the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Fortune Brands Home & Security during the 3rd quarter valued at about $117,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 in the last quarter. Stephens Inc. AR bought a new stake in shares of Fortune Brands Home & Security during the 2nd quarter valued at about $201,000. Finally, First Midwest Bank Trust Division bought a new stake in shares of Fortune Brands Home & Security during the 3rd quarter valued at about $209,000. Institutional investors own 87.31% of the company’s stock.

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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.

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