Fortune Brands Home & Security, Inc. (NYSE:FBHS) Lowered to “Market Perform” at Wells Fargo …

Wells Fargo & Company lowered shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) from an outperform rating to a market perform rating in a research note released on Wednesday, July 19th, MarketBeat Ratings reports. Wells Fargo & Company currently has $70.00 price target on the industrial products company’s stock.

FBHS has been the subject of a number of other research reports. Royal Bank Of Canada reaffirmed a buy rating and issued a $75.00 price objective on shares of Fortune Brands Home & Security in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of Fortune Brands Home & Security from a hold rating to a buy rating and set a $74.00 target price for the company in a research report on Tuesday, June 27th. Jefferies Group LLC raised their target price on shares of Fortune Brands Home & Security from $67.00 to $72.00 and gave the stock a buy rating in a research report on Monday, April 24th. Longbow Research upgraded shares of Fortune Brands Home & Security from a neutral rating to a buy rating and set a $72.00 price target for the company in a research note on Tuesday, July 4th. Finally, Barclays PLC reiterated a hold rating and issued a $62.00 price target on shares of Fortune Brands Home & Security in a research note on Friday, April 28th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $67.73.

Fortune Brands Home & Security (NYSE:FBHS) traded up 0.23% during mid-day trading on Wednesday, reaching $65.81. The company had a trading volume of 472,547 shares. The stock has a market cap of $10.12 billion, a PE ratio of 24.02 and a beta of 1.39. The firm’s 50-day moving average price is $65.64 and its 200-day moving average price is $61.41. Fortune Brands Home & Security has a 12 month low of $52.05 and a 12 month high of $67.50.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 23rd. Fortune Brands Home & Security’s dividend payout ratio is currently 26.28%.

In other news, VP Danny Luburic sold 3,700 shares of Fortune Brands Home & Security stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $63.00, for a total transaction of $233,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 shares were 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 have sold 156,965 shares of company stock worth $10,011,518 in the last ninety days. Insiders own 1.61% of the company’s stock.

A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in Fortune Brands Home & Security by 8.9% in the first quarter. Geode Capital Management LLC now owns 1,503,520 shares of the industrial products company’s stock worth $91,360,000 after buying an additional 122,830 shares during the period. 10 15 Associates Inc. purchased a new position in Fortune Brands Home & Security during the first quarter worth $1,475,000. Federated Investors Inc. PA boosted its position in Fortune Brands Home & Security by 114.6% in the fourth quarter. Federated Investors Inc. PA now owns 6,466 shares of the industrial products company’s stock worth $345,000 after buying an additional 3,453 shares during the period. Dimensional Fund Advisors LP boosted its position in Fortune Brands Home & Security by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 751,583 shares of the industrial products company’s stock worth $40,182,000 after buying an additional 7,904 shares during the period. Finally, Swiss National Bank boosted its position in Fortune Brands Home & Security by 28.0% in the first quarter. Swiss National Bank now owns 546,800 shares of the industrial products company’s stock worth $33,273,000 after buying an additional 119,600 shares during the period. Institutional investors own 85.73% 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.

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