Equities research analysts at Evercore ISI began coverage on shares of Fortune Brands Home & Security Inc. (NYSE:FBHS) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating and a $64.00 price target on the stock. Evercore ISI’s price target would indicate a potential upside of 12.06% from the stock’s previous close.

A number of other research analysts have also weighed in on FBHS. Jefferies Group reaffirmed a “buy” rating on shares of Fortune Brands Home & Security in a report on Thursday, August 4th. RBC Capital Markets reaffirmed an “outperform” rating and set a $70.00 price objective (up previously from $65.00) on shares of Fortune Brands Home & Security in a report on Thursday, July 28th. Zacks Investment Research downgraded Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research report on Monday, October 31st. Royal Bank Of Canada boosted their target price on Fortune Brands Home & Security from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th. Finally, JPMorgan Chase & Co. upgraded Fortune Brands Home & Security from a “neutral” rating to an “overweight” rating and set a $68.00 target price on the stock in a research report on Monday, October 31st. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $63.15.

Analyst Recommendations for Fortune Brands Home & Security (NYSE:FBHS)

Shares of Fortune Brands Home & Security (NYSE:FBHS) traded down 0.53% during midday trading on Monday, hitting $56.81. 89,387 shares of the stock were exchanged. The firm has a 50 day moving average of $55.39 and a 200-day moving average of $58.42. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 22.73 and a beta of 1.28. Fortune Brands Home & Security has a one year low of $44.19 and a one year high of $64.47.

Fortune Brands Home & Security (NYSE:FBHS) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.02. Fortune Brands Home & Security had a return on equity of 17.69% and a net margin of 7.99%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $848 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. Fortune Brands Home & Security’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts expect that Fortune Brands Home & Security will post $2.74 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Friday, November 25th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.12%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 26.02%.

Several large investors have recently bought and sold shares of FBHS. British Columbia Investment Management Corp raised its stake in Fortune Brands Home & Security by 68.6% in the second quarter. British Columbia Investment Management Corp now owns 104,059 shares of the company’s stock worth $6,032,000 after buying an additional 42,351 shares during the period. First Financial Bank N.A. Trust Division raised its stake in Fortune Brands Home & Security by 11.0% in the second quarter. First Financial Bank N.A. Trust Division now owns 45,525 shares of the company’s stock worth $2,639,000 after buying an additional 4,526 shares during the period. BNP Paribas Arbitrage SA raised its stake in Fortune Brands Home & Security by 82.9% in the second quarter. BNP Paribas Arbitrage SA now owns 155,594 shares of the company’s stock worth $9,020,000 after buying an additional 70,502 shares during the period. Avalon Advisors LLC raised its stake in Fortune Brands Home & Security by 13.2% in the first quarter. Avalon Advisors LLC now owns 26,889 shares of the company’s stock worth $1,507,000 after buying an additional 3,141 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Fortune Brands Home & Security by 23.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 75,487 shares of the company’s stock worth $4,232,000 after buying an additional 14,307 shares during the period. Institutional investors and hedge funds own 94.88% of the company’s stock.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc is a holding company. The Company is a home and security products company with a portfolio of branded products used for residential home repair, remodeling, new construction and security applications. The Company operates through four segments: Cabinets, Plumbing, Doors and Security.

5 Day Chart for NYSE:FBHS

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