Fortune Brands Home & Security, Inc. (FBHS) Insider Sells $169,286.00 in Stock

Fortune Brands Home & Security, Inc. (NYSE:FBHS) insider E Lee Wyatt sold 2,600 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $65.11, for a total transaction of $169,286.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

E Lee Wyatt also recently made the following trade(s):

  • On Friday, August 4th, E Lee Wyatt sold 40,000 shares of Fortune Brands Home & Security stock. The stock was sold at an average price of $65.20, for a total transaction of $2,608,000.00.

Fortune Brands Home & Security, Inc. (NYSE FBHS) opened at 64.74 on Friday. Fortune Brands Home & Security, Inc. has a 52-week low of $52.05 and a 52-week high of $67.50. The firm’s 50-day moving average is $63.81 and its 200-day moving average is $63.24. The stock has a market cap of $9.97 billion, a P/E ratio of 23.05 and a beta of 1.37.

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. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Fortune Brands Home & Security had a net margin of 8.61% and a return on equity of 18.93%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. Equities research analysts predict that Fortune Brands Home & Security, Inc. will post $3.10 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Friday, August 25th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $0.72 annualized dividend and a dividend yield of 1.11%. Fortune Brands Home & Security’s dividend payout ratio is presently 25.35%.

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Several research firms have recently issued reports on FBHS. Zacks Investment Research upgraded shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Thursday, July 20th. Jefferies Group LLC restated a “buy” rating and issued a $76.00 target price on shares of Fortune Brands Home & Security in a report on Friday, July 14th. Royal Bank Of Canada reiterated a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a report on Tuesday, July 18th. Wells Fargo & Company lowered shares of Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 price objective for the company. in a report on Wednesday, July 19th. Finally, BidaskClub lowered shares of Fortune Brands Home & Security from a “buy” rating to a “hold” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $68.69.

Institutional investors and hedge funds have recently modified their holdings of the company. Acrospire Investment Management LLC lifted its position in shares of Fortune Brands Home & Security by 60.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 600 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fortune Brands Home & Security by 1.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 23 shares in the last quarter. Global X Management Co. LLC lifted its position in shares of Fortune Brands Home & Security by 28.7% during the first quarter. Global X Management Co. LLC now owns 2,106 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 470 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Fortune Brands Home & Security by 1.9% during the second quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock worth $137,000 after purchasing an additional 40 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in shares of Fortune Brands Home & Security by 3.5% during the first quarter. Salem Investment Counselors Inc. now owns 2,454 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 83 shares in the last quarter. 88.34% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Fortune Brands Home & Security (NYSE:FBHS)

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