Fortune Brands Home & Security, Inc. (FBHS) CEO Sells $3570050.00 in Stock

Fortune Brands Home & Security, Inc. (NYSE:FBHS) CEO Christopher J. Klein sold 55,000 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is available at this link.

Christopher J. Klein also recently made the following trade(s):

  • On Wednesday, May 31st, Christopher J. Klein sold 40,063 shares of Fortune Brands Home & Security stock. The shares were sold at an average price of $63.13, for a total value of $2,529,177.19.

Shares of Fortune Brands Home & Security, Inc. (FBHS) traded up 0.49% during midday trading on Friday, hitting $65.24. The company had a trading volume of 667,894 shares. The company has a 50-day moving average of $63.82 and a 200-day moving average of $59.80. Fortune Brands Home & Security, Inc. has a 12 month low of $52.05 and a 12 month high of $66.35. The company has a market capitalization of $10.04 billion, a PE ratio of 23.81 and a beta of 1.35.

Fortune Brands Home & Security (NYSE:FBHS) last released its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Fortune Brands Home & Security had a return on equity of 19.01% and a net margin of 8.48%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. Analysts predict that Fortune Brands Home & Security, Inc. will post $3.10 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Friday, May 26th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Wednesday, May 24th. Fortune Brands Home & Security’s payout ratio is currently 26.28%.

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FBHS has been the subject of several research analyst reports. Zacks Investment Research upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Wednesday, April 5th. Longbow Research upgraded Fortune Brands Home & Security from a “neutral” rating to a “buy” rating and set a $72.00 price target for the company in a report on Thursday, April 6th. Nomura initiated coverage on Fortune Brands Home & Security in a report on Wednesday, April 12th. They set a “neutral” rating and a $65.00 price target for the company. Jefferies Group LLC restated a “buy” rating on shares of Fortune Brands Home & Security in a report on Thursday, April 13th. Finally, Instinet restated a “hold” rating on shares of Fortune Brands Home & Security in a report on Friday, April 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $67.50.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Fortune Brands Home & Security by 1,433.3% in the first quarter. BlackRock Inc. now owns 12,580,467 shares of the industrial products company’s stock valued at $765,522,000 after buying an additional 11,759,987 shares during the last quarter. Norges Bank bought a new stake in shares of Fortune Brands Home & Security during the fourth quarter valued at about $69,759,000. Victory Capital Management Inc. boosted its stake in shares of Fortune Brands Home & Security by 3,532.1% in the first quarter. Victory Capital Management Inc. now owns 715,772 shares of the industrial products company’s stock valued at $43,555,000 after buying an additional 696,065 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Fortune Brands Home & Security during the first quarter valued at about $27,870,000. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Fortune Brands Home & Security by 28.2% in the first quarter. Pictet Asset Management Ltd. now owns 1,986,178 shares of the industrial products company’s stock valued at $120,859,000 after buying an additional 437,059 shares during the last quarter. Institutional investors and hedge funds own 85.88% 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.

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

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