BMO Capital Markets Lowers Fortune Brands Home & Security (NYSE:FBHS) Price Target to $90.00

Fortune Brands Home & Security (NYSE:FBHSGet Rating) had its target price trimmed by BMO Capital Markets from $115.00 to $90.00 in a report released on Friday, The Fly reports.

Other research analysts have also recently issued reports about the company. StockNews.com initiated coverage on Fortune Brands Home & Security in a research note on Thursday, March 31st. They set a hold rating on the stock. JPMorgan Chase & Co. decreased their price target on Fortune Brands Home & Security from $84.00 to $77.00 in a research note on Friday, July 15th. Robert W. Baird upped their price objective on Fortune Brands Home & Security to $80.00 in a research report on Monday, July 25th. The Goldman Sachs Group cut their price objective on Fortune Brands Home & Security from $102.00 to $89.00 and set a buy rating on the stock in a research report on Thursday, June 23rd. Finally, Wells Fargo & Company cut their price objective on Fortune Brands Home & Security from $76.00 to $66.00 and set an equal weight rating on the stock in a research report on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $89.54.

Fortune Brands Home & Security Trading Down 0.1 %

FBHS opened at $69.60 on Friday. Fortune Brands Home & Security has a one year low of $56.86 and a one year high of $109.23. The stock has a market capitalization of $9.10 billion, a PE ratio of 12.59, a P/E/G ratio of 1.49 and a beta of 1.56. The business’s 50 day moving average price is $64.74 and its 200 day moving average price is $75.54. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.12 and a current ratio of 2.13.

Fortune Brands Home & Security (NYSE:FBHSGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.09. Fortune Brands Home & Security had a return on equity of 26.19% and a net margin of 9.41%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the prior year, the firm posted $1.56 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities research analysts expect that Fortune Brands Home & Security will post 6.43 EPS for the current year.

Fortune Brands Home & Security Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Friday, August 26th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, August 25th. Fortune Brands Home & Security’s dividend payout ratio (DPR) is presently 20.25%.

Hedge Funds Weigh In On Fortune Brands Home & Security

Large investors have recently bought and sold shares of the business. Signaturefd LLC grew its holdings in shares of Fortune Brands Home & Security by 21.0% during the fourth quarter. Signaturefd LLC now owns 646 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 112 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fortune Brands Home & Security by 3.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,723 shares of the industrial products company’s stock worth $398,000 after purchasing an additional 123 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Fortune Brands Home & Security by 0.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 18,316 shares of the industrial products company’s stock worth $1,958,000 after purchasing an additional 135 shares during the last quarter. Kentucky Retirement Systems grew its holdings in shares of Fortune Brands Home & Security by 1.9% during the fourth quarter. Kentucky Retirement Systems now owns 8,246 shares of the industrial products company’s stock worth $881,000 after purchasing an additional 153 shares during the last quarter. Finally, Huntington National Bank grew its holdings in shares of Fortune Brands Home & Security by 1.4% during the first quarter. Huntington National Bank now owns 11,336 shares of the industrial products company’s stock worth $842,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 88.19% of the company’s stock.

About Fortune Brands Home & Security

(Get Rating)

Fortune Brands Home & Security, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and Shaws brands in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors.

Read More

The Fly logo

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

Want More Great Investing Ideas?

Receive News & Ratings for Fortune Brands Home & Security Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Home & Security and related companies with MarketBeat.com's FREE daily email newsletter.