Royal Bank Of Canada Cuts Fortune Brands Home & Security, Inc. (FBHS) Price Target to $74.00

Fortune Brands Home & Security, Inc. (NYSE:FBHS) had its price objective reduced by equities research analysts at Royal Bank Of Canada from $78.00 to $74.00 in a research note issued on Monday. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 15.68% from the stock’s current price.

Several other analysts have also recently issued reports on the company. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $63.00 price objective on shares of Fortune Brands Home & Security in a report on Friday. BidaskClub cut Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Zacks Investment Research raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Monday, October 30th. J P Morgan Chase & Co upped their price objective on Fortune Brands Home & Security from $70.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Finally, Citigroup Inc. upped their price objective on Fortune Brands Home & Security from $68.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $69.47.

Shares of Fortune Brands Home & Security (FBHS) opened at $63.97 on Monday. The stock has a market capitalization of $9,710.70, a P/E ratio of 21.40, a PEG ratio of 2.00 and a beta of 1.41. Fortune Brands Home & Security has a twelve month low of $53.15 and a twelve month high of $68.82. The company has a current ratio of 1.87, a quick ratio of 1.17 and a debt-to-equity ratio of 0.57.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Fortune Brands Home & Security had a return on equity of 18.64% and a net margin of 8.62%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. equities research analysts predict that Fortune Brands Home & Security will post 3.07 earnings per share for the current fiscal year.

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In other Fortune Brands Home & Security news, CEO Christopher J. Klein sold 60,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total value of $3,766,800.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider E Lee Wyatt sold 33,400 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $65.01, for a total value of $2,171,334.00. The disclosure for this sale can be found here. Insiders sold a total of 181,000 shares of company stock worth $11,813,470 in the last ninety days. 1.61% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Fortune Brands Home & Security by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 15,160,589 shares of the industrial products company’s stock valued at $989,078,000 after acquiring an additional 460,317 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Fortune Brands Home & Security by 3.3% in the 2nd quarter. BlackRock Inc. now owns 12,998,091 shares of the industrial products company’s stock valued at $847,995,000 after purchasing an additional 417,624 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Fortune Brands Home & Security by 2.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,678,714 shares of the industrial products company’s stock valued at $500,961,000 after purchasing an additional 194,325 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Fortune Brands Home & Security by 1.6% in the 3rd quarter. American Century Companies Inc. now owns 4,232,353 shares of the industrial products company’s stock valued at $284,541,000 after purchasing an additional 64,987 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its holdings in shares of Fortune Brands Home & Security by 1.7% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,542,640 shares of the industrial products company’s stock valued at $170,942,000 after purchasing an additional 42,421 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors.

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)

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