Fortune Brands Home & Security Inc (NYSE:FBHS) – Stock analysts at SunTrust Banks raised their Q1 2019 earnings per share (EPS) estimates for Fortune Brands Home & Security in a research note issued on Monday, December 3rd. SunTrust Banks analyst K. Hughes now expects that the industrial products company will earn $0.63 per share for the quarter, up from their prior forecast of $0.59. SunTrust Banks has a “Hold” rating and a $46.00 price objective on the stock. SunTrust Banks also issued estimates for Fortune Brands Home & Security’s FY2019 earnings at $3.80 EPS.

Other equities analysts have also issued reports about the company. Loop Capital cut their price target on Fortune Brands Home & Security to $59.00 and set a “buy” rating for the company in a report on Thursday, October 25th. Credit Suisse Group set a $57.00 price target on Fortune Brands Home & Security and gave the stock a “buy” rating in a report on Wednesday, October 17th. TheStreet lowered Fortune Brands Home & Security from a “b-” rating to a “c+” rating in a report on Friday, October 26th. Zacks Investment Research lowered Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Finally, Nomura cut their price target on Fortune Brands Home & Security from $56.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, October 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Fortune Brands Home & Security currently has an average rating of “Hold” and an average price target of $61.58.

Fortune Brands Home & Security stock opened at $42.54 on Thursday. Fortune Brands Home & Security has a one year low of $40.89 and a one year high of $73.62. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.30 and a quick ratio of 0.83. The firm has a market capitalization of $5.97 billion, a PE ratio of 13.81, a P/E/G ratio of 1.15 and a beta of 1.31.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.12). Fortune Brands Home & Security had a net margin of 7.94% and a return on equity of 20.95%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.44 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Friday, November 30th will be given a $0.20 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.88%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 25.97%.

In related news, Director Ronald V. Waters sold 5,000 shares of the stock in a transaction on Friday, October 5th. The stock was sold at an average price of $51.31, for a total value of $256,550.00. Following the sale, the director now owns 14,142 shares in the company, valued at $725,626.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.71% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Morgan Stanley raised its position in shares of Fortune Brands Home & Security by 8.0% in the third quarter. Morgan Stanley now owns 391,861 shares of the industrial products company’s stock worth $20,518,000 after buying an additional 29,080 shares in the last quarter. Legal & General Group Plc raised its position in Fortune Brands Home & Security by 2.4% during the third quarter. Legal & General Group Plc now owns 749,097 shares of the industrial products company’s stock valued at $39,240,000 after purchasing an additional 17,630 shares in the last quarter. Nordea Investment Management AB raised its position in Fortune Brands Home & Security by 1.3% during the third quarter. Nordea Investment Management AB now owns 244,037 shares of the industrial products company’s stock valued at $12,777,000 after purchasing an additional 3,176 shares in the last quarter. Teachers Advisors LLC raised its position in Fortune Brands Home & Security by 0.6% during the third quarter. Teachers Advisors LLC now owns 388,359 shares of the industrial products company’s stock valued at $20,334,000 after purchasing an additional 2,448 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in Fortune Brands Home & Security during the third quarter valued at about $1,858,000. Institutional investors own 86.87% of the company’s stock.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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Earnings History and Estimates for Fortune Brands Home & Security (NYSE:FBHS)

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