Fortune Brands Home & Security Inc (NYSE:FBHS) – Research analysts at Jefferies Financial Group dropped their FY2019 earnings estimates for shares of Fortune Brands Home & Security in a research note issued to investors on Wednesday, October 23rd, according to Zacks Investment Research. Jefferies Financial Group analyst P. Ng now forecasts that the industrial products company will earn $3.56 per share for the year, down from their previous estimate of $3.60. Jefferies Financial Group also issued estimates for Fortune Brands Home & Security’s Q4 2019 earnings at $0.96 EPS, Q1 2020 earnings at $0.69 EPS, Q2 2020 earnings at $1.10 EPS, Q3 2020 earnings at $1.12 EPS, Q4 2020 earnings at $1.06 EPS and FY2020 earnings at $3.96 EPS.

Fortune Brands Home & Security (NYSE:FBHS) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). Fortune Brands Home & Security had a return on equity of 21.55% and a net margin of 7.23%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year.

A number of other equities analysts have also issued reports on FBHS. ValuEngine lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Robert W. Baird raised their price objective on shares of Fortune Brands Home & Security from $65.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. SunTrust Banks raised shares of Fortune Brands Home & Security from a “hold” rating to a “buy” rating and raised their price objective for the stock from $58.00 to $75.00 in a research note on Monday, October 28th. Zacks Investment Research raised shares of Fortune Brands Home & Security from a “sell” rating to a “hold” rating and set a $64.00 price objective on the stock in a research note on Friday, October 25th. Finally, Nomura dropped their price objective on shares of Fortune Brands Home & Security from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $58.70.

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FBHS traded down $0.39 during trading on Monday, reaching $61.67. 663,639 shares of the company’s stock were exchanged, compared to its average volume of 1,398,897. Fortune Brands Home & Security has a 1 year low of $35.27 and a 1 year high of $62.60. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.39 and a quick ratio of 0.83. The stock has a market capitalization of $8.63 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 1.94 and a beta of 1.53. The company’s fifty day simple moving average is $57.88 and its 200-day simple moving average is $54.27.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.43%. Fortune Brands Home & Security’s payout ratio is 26.35%.

In related news, CEO Christopher J. Klein sold 110,530 shares of Fortune Brands Home & Security stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $62.06, for a total value of $6,859,491.80. Also, insider David Randich sold 11,906 shares of Fortune Brands Home & Security stock in a transaction on Monday, October 28th. The shares were sold at an average price of $60.96, for a total transaction of $725,789.76. The disclosure for this sale can be found here. Insiders sold a total of 129,936 shares of company stock worth $8,043,457 in the last three months. 1.63% of the stock is owned by corporate insiders.

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Institutional investors have recently added to or reduced their stakes in the stock. Giverny Capital Inc. grew its stake in Fortune Brands Home & Security by 3.7% in the 2nd quarter. Giverny Capital Inc. now owns 619,083 shares of the industrial products company’s stock valued at $35,368,000 after acquiring an additional 22,090 shares during the period. Grimes & Company Inc. lifted its holdings in Fortune Brands Home & Security by 10.2% in the 2nd quarter. Grimes & Company Inc. now owns 4,639 shares of the industrial products company’s stock valued at $265,000 after purchasing an additional 429 shares in the last quarter. Advisor Partners LLC purchased a new position in Fortune Brands Home & Security in the 2nd quarter valued at $235,000. Crewe Advisors LLC lifted its holdings in Fortune Brands Home & Security by 661.7% in the 2nd quarter. Crewe Advisors LLC now owns 4,898 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 4,255 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Fortune Brands Home & Security by 9.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,507,936 shares of the industrial products company’s stock valued at $476,103,000 after purchasing an additional 706,944 shares in the last quarter. 88.46% of the stock is currently owned by hedge funds and other institutional investors.

About Fortune Brands Home & Security

Fortune Brands Home & Security, Inc, together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Cabinets, Plumbing, and Doors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America.

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