Fortune Brands Home & Security, Inc. (NYSE:FBHS)‘s stock had its “buy” rating reissued by analysts at Royal Bank Of Canada in a report released on Monday. They presently have a $75.00 target price on the industrial products company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 15.54% from the company’s current price.

Several other brokerages have also issued reports on FBHS. Zacks Investment Research raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Thursday, July 20th. Jefferies Group LLC reaffirmed a “buy” rating and set a $76.00 price target on shares of Fortune Brands Home & Security in a research note on Friday, July 14th. Wells Fargo & Company lowered Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price target for the company. in a research note on Wednesday, July 19th. BidaskClub lowered Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Longbow Research raised Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Tuesday, July 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. Fortune Brands Home & Security currently has a consensus rating of “Hold” and a consensus price target of $68.58.

Shares of Fortune Brands Home & Security (NYSE FBHS) traded up 0.68% during trading on Monday, reaching $65.35. The company’s stock had a trading volume of 344,791 shares. The stock has a market cap of $10.06 billion, a P/E ratio of 23.26 and a beta of 1.37. The stock’s 50-day moving average is $63.73 and its 200-day moving average is $63.39. Fortune Brands Home & Security has a 12-month low of $52.05 and a 12-month high of $67.50.

Fortune Brands Home & Security (NYSE:FBHS) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Fortune Brands Home & Security will post $3.10 earnings per share for the current fiscal year.

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In other news, insider E Lee Wyatt sold 40,000 shares of Fortune Brands Home & Security stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $65.20, for a total value of $2,608,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Christopher J. Klein sold 55,000 shares of Fortune Brands Home & Security stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $64.91, for a total value of $3,570,050.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,000 shares of company stock worth $12,285,470. Company insiders own 1.61% of the company’s stock.

A number of large investors have recently made changes to their positions in FBHS. United States Steel & Carnegie Pension Fund increased its holdings in Fortune Brands Home & Security by 46.1% during the 1st quarter. United States Steel & Carnegie Pension Fund now owns 644,262 shares of the industrial products company’s stock valued at $39,203,000 after purchasing an additional 203,200 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Fortune Brands Home & Security by 9.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 378,550 shares of the industrial products company’s stock valued at $23,035,000 after purchasing an additional 32,466 shares during the period. Karp Capital Management Corp purchased a new position in Fortune Brands Home & Security during the 1st quarter valued at about $2,499,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Fortune Brands Home & Security by 28.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,355 shares of the industrial products company’s stock valued at $691,000 after purchasing an additional 2,509 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Fortune Brands Home & Security by 3.7% during the 1st quarter. Ameriprise Financial Inc. now owns 61,669 shares of the industrial products company’s stock valued at $3,753,000 after purchasing an additional 2,213 shares during the period. Institutional investors own 88.13% of the company’s stock.

About Fortune Brands Home & Security

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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