Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) have been given an average recommendation of “Hold” by the sixteen ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $68.00.

FBHS has been the subject of a number of analyst reports. 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 Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and set a $76.00 price objective on shares of Fortune Brands Home & Security in a research report on Friday, July 14th. Longbow Research upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Tuesday, July 4th. BidaskClub upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Zacks Investment Research upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Thursday, July 20th.

ILLEGAL ACTIVITY WARNING: This article was first published by Marea Informative and is the sole property of of Marea Informative. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at http://www.mareainformativa.com/brokerages-set-fortune-brands-home-security-inc-fbhs-pt-at-68-00/117931/.

In related news, CEO Christopher J. Klein sold 60,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total transaction of $3,766,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider E Lee Wyatt sold 2,600 shares of Fortune Brands Home & Security stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $65.11, for a total value of $169,286.00. The disclosure for this sale can be found here. Insiders sold 136,000 shares of company stock valued at $8,715,420 in the last three months. Insiders own 1.61% of the company’s stock.

Several large 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 second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the industrial products company’s stock valued at $104,000 after buying an additional 600 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fortune Brands Home & Security by 1.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock valued at $123,000 after buying an additional 23 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Fortune Brands Home & Security by 28.7% during the first quarter. Global X Management Co. LLC now owns 2,106 shares of the industrial products company’s stock valued at $128,000 after buying an additional 470 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Fortune Brands Home & Security by 1.9% during the second quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock valued at $137,000 after buying an additional 40 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its position in shares of Fortune Brands Home & Security by 3.5% during the first quarter. Salem Investment Counselors Inc. now owns 2,454 shares of the industrial products company’s stock valued at $148,000 after buying an additional 83 shares during the last quarter. 88.13% of the stock is currently owned by institutional investors.

Fortune Brands Home & Security (NYSE:FBHS) traded down 0.87% during trading on Friday, hitting $65.75. The stock had a trading volume of 823,101 shares. The company has a 50-day moving average of $64.19 and a 200 day moving average of $63.87. The company has a market cap of $10.13 billion, a price-to-earnings ratio of 23.41 and a beta of 1.37. Fortune Brands Home & Security has a 52 week low of $52.05 and a 52 week high of $67.77.

Fortune Brands Home & Security (NYSE:FBHS) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.87 by $0.05. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the company earned $0.82 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts anticipate that Fortune Brands Home & Security will post $3.09 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 24th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.10%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 25.35%.

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)

Receive News & Stock Ratings for Fortune Brands Home & Security Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security Inc. and related stocks with our FREE daily email newsletter.