Zacks Investment Research lowered shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) from a buy rating to a hold rating in a research note published on Friday morning.

According to Zacks, “In the last three months, Fortune Brands' shares have outperformed the industry. In second-quarter 2017, the company's profitability improved on the back of healthy segmental performance. It anticipates the positive momentum to continue through the rest of 2017, predicting 6-7% growth in the U.S. home products market and 5-6% rise in global market. Sales growth is anticipated to be in a band of 6-8% in the year. Also, the company revised its earnings guidance to $3.04-$3.12 per share from the earlier projection of $3.00-$3.12. The mid-point now stands at $3.08 versus $3.06 predicted earlier. However, the company is exposed to risks from international operations, stiff competition, high-debt levels and uncertain economic conditions.”

Other research analysts have also issued reports about the stock. Longbow Research raised shares of Fortune Brands Home & Security from a neutral rating to a buy rating and set a $72.00 price objective for the company in a report on Thursday, April 6th. Jefferies Group LLC restated a buy rating on shares of Fortune Brands Home & Security in a research report on Thursday, April 13th. Royal Bank Of Canada restated a buy rating on shares of Fortune Brands Home & Security in a research report on Thursday, April 27th. BidaskClub upgraded shares of Fortune Brands Home & Security from a hold rating to a buy rating in a research report on Thursday, June 22nd. Finally, Barclays PLC restated a hold rating and issued a $62.00 price target on shares of Fortune Brands Home & Security in a research report on Friday, April 28th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $67.73.

Shares of Fortune Brands Home & Security (NYSE:FBHS) traded up 0.09% during midday trading on Friday, reaching $65.29. 713,979 shares of the company were exchanged. Fortune Brands Home & Security has a 52-week low of $52.05 and a 52-week high of $67.50. The stock’s 50-day moving average price is $65.79 and its 200-day moving average price is $61.68. The company has a market capitalization of $10.22 billion, a PE ratio of 23.24 and a beta of 1.39.

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

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Friday, August 25th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.72 annualized dividend and a dividend yield of 1.10%. Fortune Brands Home & Security’s dividend payout ratio is currently 25.35%.

In other news, CFO E Lee Wyatt sold 40,000 shares of Fortune Brands Home & Security stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $63.48, for a total value of $2,539,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher J. Klein sold 40,063 shares of Fortune Brands Home & Security stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $63.13, for a total transaction of $2,529,177.19. The disclosure for this sale can be found here. Insiders sold a total of 153,265 shares of company stock worth $9,778,418 in the last ninety days. Corporate insiders own 1.61% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in Fortune Brands Home & Security by 3.0% in the second quarter. Victory Capital Management Inc. now owns 737,380 shares of the industrial products company’s stock valued at $48,107,000 after buying an additional 21,608 shares during the period. MUFG Americas Holdings Corp boosted its stake in Fortune Brands Home & Security by 0.7% in the second quarter. MUFG Americas Holdings Corp now owns 5,184 shares of the industrial products company’s stock valued at $338,000 after buying an additional 35 shares in the last quarter. TrimTabs Asset Management LLC bought a new stake in Fortune Brands Home & Security during the second quarter valued at approximately $239,000. RiverPoint Capital Management LLC boosted its stake in Fortune Brands Home & Security by 2.1% in the second quarter. RiverPoint Capital Management LLC now owns 441,669 shares of the industrial products company’s stock valued at $28,814,000 after buying an additional 9,015 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its stake in Fortune Brands Home & Security by 5.8% in the second quarter. Federated Investors Inc. PA now owns 3,852 shares of the industrial products company’s stock valued at $251,000 after buying an additional 211 shares in the last quarter. 85.89% of the stock is currently owned by institutional investors and hedge funds.

Fortune Brands Home & Security Company Profile

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.

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

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