Royal Bank of Canada cut shares of Fortune Brands Home & Security (NYSE:FBHS) from an outperform rating to a sector perform rating in a research note published on Friday morning, BenzingaRatingsTable reports. Royal Bank of Canada currently has $59.00 price target on the industrial products company’s stock, up from their previous price target of $50.00.

Several other research analysts also recently issued reports on the stock. ValuEngine raised shares of Fortune Brands Home & Security from a sell rating to a hold rating in a research report on Thursday, May 7th. Robert W. Baird lowered Fortune Brands Home & Security from an outperform rating to a neutral rating and set a $47.00 price target on the stock. in a report on Thursday, April 16th. SunTrust Banks dropped their price target on Fortune Brands Home & Security from $80.00 to $60.00 and set a buy rating on the stock in a research report on Thursday, April 16th. Wells Fargo & Co increased their price objective on Fortune Brands Home & Security from $50.00 to $52.00 and gave the stock an equal weight rating in a research report on Friday, May 1st. Finally, Nomura Securities upgraded shares of Fortune Brands Home & Security from a neutral rating to a buy rating and lifted their price objective for the company from $43.00 to $55.00 in a research report on Friday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $60.88.

NYSE:FBHS opened at $62.88 on Friday. The company has a market capitalization of $8.36 billion, a PE ratio of 19.47 and a beta of 1.66. Fortune Brands Home & Security has a 52-week low of $33.90 and a 52-week high of $73.28. The stock’s 50 day moving average price is $60.08 and its 200 day moving average price is $59.04. The company has a quick ratio of 0.97, a current ratio of 1.54 and a debt-to-equity ratio of 0.92.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.12. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. Fortune Brands Home & Security had a return on equity of 22.56% and a net margin of 7.81%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 earnings per share. As a group, sell-side analysts anticipate that Fortune Brands Home & Security will post 2.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 29th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Thursday, May 28th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.67%.

In other news, SVP Brian C. Lantz sold 14,745 shares of Fortune Brands Home & Security stock in a transaction on Friday, June 5th. The stock was sold at an average price of $67.74, for a total transaction of $998,826.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Danny Luburic sold 2,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $60.18, for a total transaction of $120,360.00. Following the completion of the sale, the vice president now owns 9,693 shares in the company, valued at $583,324.74. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Verus Capital Partners LLC acquired a new stake in Fortune Brands Home & Security during the 4th quarter valued at $25,000. Atlas Private Wealth Management acquired a new position in shares of Fortune Brands Home & Security in the fourth quarter worth $32,000. Ameritas Investment Company LLC purchased a new stake in shares of Fortune Brands Home & Security in the fourth quarter valued at $33,000. Rockefeller Capital Management L.P. boosted its stake in shares of Fortune Brands Home & Security by 152.7% during the first quarter. Rockefeller Capital Management L.P. now owns 700 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 423 shares during the last quarter. Finally, Fred Alger Management LLC purchased a new stake in Fortune Brands Home & Security during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 88.80% 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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