Fortune Brands Home & Security (NYSE:FBHS) Price Target Increased to $67.00 by Analysts at Royal Bank of Canada

Fortune Brands Home & Security (NYSE:FBHS) had its target price increased by Royal Bank of Canada from $61.00 to $67.00 in a report issued on Wednesday, The Fly reports. Royal Bank of Canada currently has an outperform rating on the industrial products company’s stock.

Other equities analysts have also issued reports about the company. Nomura decreased their price target on Fortune Brands Home & Security from $63.00 to $61.00 and set a neutral rating for the company in a research note on Thursday, October 24th. Robert W. Baird increased their price target on Fortune Brands Home & Security from $65.00 to $66.00 and gave the company an outperform rating in a research note on Thursday, October 24th. ValuEngine lowered Fortune Brands Home & Security from a hold rating to a sell rating in a research note on Wednesday, September 4th. SunTrust Banks raised Fortune Brands Home & Security from a hold rating to a buy rating and increased their price target for the company from $58.00 to $75.00 in a research note on Monday, October 28th. Finally, Zacks Investment Research raised Fortune Brands Home & Security from a sell rating to a hold rating and set a $64.00 price objective for the company in a research note on Friday, October 25th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $61.00.

NYSE FBHS traded down $0.09 on Wednesday, reaching $63.06. 1,116,228 shares of the stock traded hands, compared to its average volume of 1,344,962. The firm’s fifty day simple moving average is $58.62 and its 200 day simple moving average is $54.51. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 0.89. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 1.98 and a beta of 1.53. Fortune Brands Home & Security has a 12 month low of $35.27 and a 12 month high of $63.23.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The firm had revenue of $1.46 billion for 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 business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 earnings per share. As a group, equities research analysts forecast that Fortune Brands Home & Security will post 3.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Wednesday, November 27th. Fortune Brands Home & Security’s dividend payout ratio is presently 26.35%.

In other news, Director Ann F. Hackett sold 2,387 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $62.83, for a total value of $149,975.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher J. Klein sold 110,530 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $62.06, for a total value of $6,859,491.80. Over the last three months, insiders have sold 132,323 shares of company stock valued at $8,193,432. Corporate insiders own 1.63% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FBHS. Marshall Wace North America L.P. purchased a new stake in shares of Fortune Brands Home & Security in the first quarter valued at $54,000. First Trust Advisors LP raised its holdings in shares of Fortune Brands Home & Security by 13.9% during the first quarter. First Trust Advisors LP now owns 116,190 shares of the industrial products company’s stock worth $5,532,000 after acquiring an additional 14,139 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of Fortune Brands Home & Security by 4.0% during the second quarter. DNB Asset Management AS now owns 29,649 shares of the industrial products company’s stock worth $1,694,000 after acquiring an additional 1,132 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Fortune Brands Home & Security during the second quarter worth $19,282,000. Finally, Douglas Lane & Associates LLC raised its holdings in shares of Fortune Brands Home & Security by 1.6% during the second quarter. Douglas Lane & Associates LLC now owns 1,270,804 shares of the industrial products company’s stock worth $72,601,000 after acquiring an additional 20,228 shares in the last quarter. Institutional investors own 88.69% 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 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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