Insider Selling: Fortune Brands Home & Security Inc (NYSE:FBHS) CEO Sells 110,530 Shares of Stock

Fortune Brands Home & Security Inc (NYSE:FBHS) CEO Christopher J. Klein sold 110,530 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $62.06, for a total value of $6,859,491.80.

FBHS stock traded up $0.50 during midday trading on Friday, reaching $62.06. The stock had a trading volume of 473,017 shares, compared to its average volume of 1,402,286. The stock has a market cap of $8.63 billion, a PE ratio of 18.58, a P/E/G ratio of 1.94 and a beta of 1.53. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.39. The firm has a fifty day simple moving average of $57.51 and a two-hundred day simple moving average of $54.14. Fortune Brands Home & Security Inc has a 52-week low of $35.27 and a 52-week high of $62.60.

Fortune Brands Home & Security (NYSE:FBHS) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.02). The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Fortune Brands Home & Security had a return on equity of 21.55% and a net margin of 7.23%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.93 EPS. On average, sell-side analysts predict that Fortune Brands Home & Security Inc will post 3.57 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Friday, November 29th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.42%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 26.35%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FBHS. Putnam Investments LLC raised its stake in shares of Fortune Brands Home & Security by 1,568.5% during the 2nd quarter. Putnam Investments LLC now owns 2,772,750 shares of the industrial products company’s stock valued at $158,407,000 after buying an additional 2,606,572 shares during the last quarter. Holocene Advisors LP boosted its holdings in Fortune Brands Home & Security by 334.3% in the 2nd quarter. Holocene Advisors LP now owns 1,533,278 shares of the industrial products company’s stock worth $87,596,000 after buying an additional 1,180,254 shares during the last quarter. Pictet Asset Management Ltd. boosted its holdings in Fortune Brands Home & Security by 37.8% in the 2nd quarter. Pictet Asset Management Ltd. now owns 3,542,182 shares of the industrial products company’s stock worth $202,365,000 after buying an additional 971,613 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Fortune Brands Home & Security by 9.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,507,936 shares of the industrial products company’s stock worth $476,103,000 after buying an additional 706,944 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new stake in Fortune Brands Home & Security in the 2nd quarter worth about $32,493,000. Institutional investors and hedge funds own 88.46% of the company’s stock.

A number of analysts have recently weighed in on FBHS shares. 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 report on Friday, October 25th. Robert W. Baird raised their target price on Fortune Brands Home & Security from $65.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Nomura reduced their target price 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. ValuEngine lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Finally, SunTrust Banks upgraded Fortune Brands Home & Security from a “hold” rating to a “buy” rating and raised their target price for the stock from $58.00 to $75.00 in a research note on Monday, October 28th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $58.70.

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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Insider Buying and Selling by Quarter for Fortune Brands Home & Security (NYSE:FBHS)

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