Fortune Brands Home & Security (NYSE:FBHS) had its price target upped by Nomura from $64.00 to $67.00 in a research report report published on Friday, BenzingaRatingsTable reports. They currently have a neutral rating on the industrial products company’s stock.

Several other analysts have also commented on the company. Jefferies Financial Group increased their price objective on Fortune Brands Home & Security from $67.00 to $73.00 and gave the company a buy rating in a report on Friday, November 15th. Goldman Sachs Group assumed coverage on Fortune Brands Home & Security in a research report on Friday. They issued a buy rating and a $74.00 price objective for the company. ValuEngine downgraded Fortune Brands Home & Security from a hold rating to a sell rating in a research note on Wednesday, September 4th. Zelman & Associates lowered Fortune Brands Home & Security from a buy rating to a hold rating in a research report on Friday, November 15th. Finally, SunTrust Banks raised Fortune Brands Home & Security from a hold rating to a buy rating and raised their price target for the stock from $58.00 to $75.00 in a report on Monday, October 28th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Fortune Brands Home & Security currently has a consensus rating of Hold and an average price target of $64.27.

Fortune Brands Home & Security stock traded up $0.70 during trading hours on Friday, reaching $64.60. The stock had a trading volume of 998,169 shares, compared to its average volume of 1,375,199. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.98 and a beta of 1.53. The business’s 50 day moving average price is $61.84 and its 200-day moving average price is $55.52. Fortune Brands Home & Security has a 52 week low of $35.27 and a 52 week high of $65.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.39 and a quick ratio of 0.83.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.49 billion. Fortune Brands Home & Security had a net margin of 7.23% and a return on equity of 21.55%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 earnings per share. On average, sell-side analysts forecast that Fortune Brands Home & Security will post 3.58 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.88 annualized dividend and a yield of 1.36%. Fortune Brands Home & Security’s payout ratio is presently 26.35%.

In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 110,530 shares of Fortune Brands Home & Security stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $62.06, for a total transaction of $6,859,491.80. Also, CEO Christopher J. Klein sold 50,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $64.60, for a total transaction of $3,230,000.00. Insiders sold 262,762 shares of company stock worth $16,496,720 over the last three months. Corporate insiders own 1.63% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its stake in shares of Fortune Brands Home & Security by 25.0% during the 3rd quarter. Penserra Capital Management LLC now owns 920 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 184 shares in the last quarter. State of Michigan Retirement System raised its holdings in Fortune Brands Home & Security by 0.6% in the 3rd quarter. State of Michigan Retirement System now owns 33,664 shares of the industrial products company’s stock worth $1,841,000 after purchasing an additional 200 shares during the period. First Mercantile Trust Co. raised its holdings in Fortune Brands Home & Security by 10.4% in the 3rd quarter. First Mercantile Trust Co. now owns 2,202 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 208 shares during the period. United Services Automobile Association boosted its position in Fortune Brands Home & Security by 0.6% during the second quarter. United Services Automobile Association now owns 47,422 shares of the industrial products company’s stock worth $2,709,000 after purchasing an additional 264 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Fortune Brands Home & Security by 5.0% during the third quarter. Oppenheimer & Co. Inc. now owns 5,516 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Fortune Brands Home & Security Company Profile

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 three segments: Cabinets, Plumbing, and Doors & 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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Analyst Recommendations for Fortune Brands Home & Security (NYSE:FBHS)

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