Insider Selling: Fortune Brands Home & Security, Inc. (FBHS) Insider Sells 2600 Shares of Stock

Fortune Brands Home & Security, Inc. (NYSE:FBHS) insider E Lee Wyatt sold 2,600 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $65.11, for a total transaction of $169,286.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Monday, September 18th, E Lee Wyatt sold 33,400 shares of Fortune Brands Home & Security stock. The stock was sold at an average price of $65.01, for a total transaction of $2,171,334.00.
  • 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.

Shares of Fortune Brands Home & Security, Inc. (NYSE:FBHS) traded down 0.15% during trading on Friday, reaching $67.16. The company’s stock had a trading volume of 638,051 shares. The firm has a market cap of $10.34 billion, a P/E ratio of 23.91 and a beta of 1.37. Fortune Brands Home & Security, Inc. has a one year low of $52.05 and a one year high of $67.76. The stock’s 50 day moving average is $63.73 and its 200 day moving average is $63.39.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. Fortune Brands Home & Security had a return on equity of 18.93% and a net margin of 8.61%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts forecast that Fortune Brands Home & Security, Inc. will post $3.10 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 24th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, November 22nd. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 25.35%.

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A number of institutional investors have recently added to or reduced their stakes in FBHS. United States Steel & Carnegie Pension Fund boosted its holdings in Fortune Brands Home & Security by 46.1% in the first quarter. United States Steel & Carnegie Pension Fund now owns 644,262 shares of the industrial products company’s stock worth $39,203,000 after acquiring an additional 203,200 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Fortune Brands Home & Security by 95.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 12,732 shares of the industrial products company’s stock worth $801,000 after acquiring an additional 6,228 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Fortune Brands Home & Security by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 1,420,038 shares of the industrial products company’s stock worth $86,409,000 after acquiring an additional 35,171 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Fortune Brands Home & Security by 3.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,362 shares of the industrial products company’s stock worth $1,908,000 after acquiring an additional 923 shares in the last quarter. Finally, Swiss National Bank boosted its holdings 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 acquiring an additional 119,600 shares in the last quarter. 88.13% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on FBHS shares. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Tuesday, June 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $75.00 target price on shares of Fortune Brands Home & Security in a report on Monday, August 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $76.00 target price on shares of Fortune Brands Home & Security in a report on Thursday, June 1st. Wells Fargo & Company cut Fortune Brands Home & Security from an “outperform” rating to a “market perform” rating and set a $70.00 target price on the stock. in a report on Wednesday, July 19th. Finally, BidaskClub upgraded Fortune Brands Home & Security from a “sell” rating to a “hold” rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $68.58.

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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