Shares of Fortune Brands Home & Security Inc (NYSE:FBHS) hit a new 52-week high during mid-day trading on Wednesday after Royal Bank of Canada raised their price target on the stock from $61.00 to $67.00. Royal Bank of Canada currently has an outperform rating on the stock. Fortune Brands Home & Security traded as high as $62.69 and last traded at $62.52, with a volume of 21503 shares. The stock had previously closed at $62.38.

A number of other equities research analysts have also weighed in on FBHS. ValuEngine lowered Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. SunTrust Banks raised Fortune Brands Home & Security from a “hold” rating to a “buy” rating and lifted their target price for the company from $58.00 to $75.00 in a research report on Monday, October 28th. Zacks Investment Research raised Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $64.00 target price for the company in a research report on Friday, October 25th. Nomura decreased 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 report on Thursday, October 24th. Finally, Robert W. Baird lifted their target price on Fortune Brands Home & Security from $65.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $59.80.

In other news, VP Danny Luburic sold 7,500 shares of Fortune Brands Home & Security stock in a transaction on Friday, October 25th. The stock was sold at an average price of $61.09, for a total value of $458,175.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David Randich sold 11,906 shares of Fortune Brands Home & Security stock in a transaction on Monday, October 28th. The shares were sold at an average price of $60.96, for a total value of $725,789.76. The disclosure for this sale can be found here. Insiders sold a total of 129,936 shares of company stock worth $8,043,457 over the last quarter. Company insiders own 1.63% of the company’s stock.

Several large investors have recently made changes to their positions in FBHS. Gateway Investment Advisers LLC grew its stake in Fortune Brands Home & Security by 2.7% during the 2nd quarter. Gateway Investment Advisers LLC now owns 7,494 shares of the industrial products company’s stock worth $428,000 after buying an additional 194 shares during the last quarter. Boston Private Wealth LLC grew its stake in Fortune Brands Home & Security by 1.6% during the 2nd quarter. Boston Private Wealth LLC now owns 12,241 shares of the industrial products company’s stock worth $699,000 after buying an additional 196 shares during the last quarter. State of Michigan Retirement System grew its stake in Fortune Brands Home & Security by 0.6% during the 3rd quarter. State of Michigan Retirement System now owns 33,664 shares of the industrial products company’s stock worth $1,841,000 after buying an additional 200 shares during the last quarter. First Mercantile Trust Co. grew its stake in Fortune Brands Home & Security by 10.4% during the 3rd quarter. First Mercantile Trust Co. now owns 2,202 shares of the industrial products company’s stock worth $120,000 after buying an additional 208 shares during the last quarter. Finally, United Services Automobile Association grew its stake in Fortune Brands Home & Security by 0.6% during the 2nd quarter. United Services Automobile Association now owns 47,422 shares of the industrial products company’s stock worth $2,709,000 after buying an additional 264 shares during the last quarter. Institutional investors and hedge funds own 88.69% of the company’s stock.

The company has a 50 day moving average of $58.44 and a two-hundred day moving average of $54.45. 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 stock has a market capitalization of $8.58 billion, a PE ratio of 18.91, a P/E/G ratio of 1.93 and a beta of 1.53.

Fortune Brands Home & Security (NYSE:FBHS) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.02). The business had revenue of $1.46 billion for 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 firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. As a group, research analysts predict that Fortune Brands Home & Security Inc will post 3.57 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.88 annualized dividend and a yield of 1.39%. Fortune Brands Home & Security’s payout ratio is presently 26.35%.

About Fortune Brands Home & Security (NYSE:FBHS)

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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