KeyCorp cut shares of Fortune Brands Home & Security Inc. (NYSE:FBHS) to a hold rating in a research report report published on Tuesday.

A number of other equities research analysts have also recently issued reports on the stock. Evercore ISI started coverage on shares of Fortune Brands Home & Security in a report on Monday, November 14th. They issued a buy rating and a $64.00 target price on the stock. Zacks Investment Research cut shares of Fortune Brands Home & Security from a buy rating to a hold rating in a report on Monday, October 31st. JPMorgan Chase & Co. raised shares of Fortune Brands Home & Security from a neutral rating to an overweight rating and set a $68.00 price target on the stock in a report on Monday, October 31st. RBC Capital Markets reissued an outperform rating and issued a $66.00 price target (down from $70.00) on shares of Fortune Brands Home & Security in a report on Thursday, October 27th. Finally, Royal Bank Of Canada lowered their price target on shares of Fortune Brands Home & Security from $70.00 to $66.00 and set an outperform rating on the stock in a report on Thursday, October 27th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Fortune Brands Home & Security has a consensus rating of Buy and an average target price of $63.15.

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

Fortune Brands Home & Security (NYSE:FBHS) traded down 0.132% on Tuesday, hitting $56.675. 44,772 shares of the stock were exchanged. Fortune Brands Home & Security has a 1-year low of $44.19 and a 1-year high of $64.47. The company has a market capitalization of $8.75 billion, a PE ratio of 22.679 and a beta of 1.28. The company has a 50-day moving average price of $55.15 and a 200 day moving average price of $58.50.

Fortune Brands Home & Security (NYSE:FBHS) last issued its earnings results on Wednesday, October 26th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $848 million. Fortune Brands Home & Security had a net margin of 7.99% and a return on equity of 17.69%. Fortune Brands Home & Security’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. Analysts anticipate that Fortune Brands Home & Security will post $2.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Friday, November 25th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Tuesday, November 22nd. Fortune Brands Home & Security’s payout ratio is currently 26.02%.

A number of institutional investors have recently made changes to their positions in FBHS. Vanguard Group Inc. increased its position in shares of Fortune Brands Home & Security by 18.9% in the second quarter. Vanguard Group Inc. now owns 13,626,498 shares of the company’s stock worth $789,929,000 after buying an additional 2,170,407 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Fortune Brands Home & Security by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 8,449,106 shares of the company’s stock worth $489,795,000 after buying an additional 163,774 shares in the last quarter. FMR LLC increased its position in shares of Fortune Brands Home & Security by 9.0% in the second quarter. FMR LLC now owns 7,484,049 shares of the company’s stock worth $433,850,000 after buying an additional 620,346 shares in the last quarter. State Street Corp increased its position in shares of Fortune Brands Home & Security by 7.2% in the second quarter. State Street Corp now owns 6,689,519 shares of the company’s stock worth $387,796,000 after buying an additional 451,874 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Fortune Brands Home & Security by 24.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,658,110 shares of the company’s stock worth $328,736,000 after buying an additional 1,120,269 shares in the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.

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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.

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