Fortune Brands Home & Security (NYSE:FBHS) Price Target Increased to $80.00 by Analysts at Robert W. Baird

Fortune Brands Home & Security (NYSE:FBHSGet Rating) had its price target raised by Robert W. Baird to $80.00 in a research note published on Monday morning, Stock Target Advisor reports.

Several other brokerages also recently weighed in on FBHS. Bank of America upgraded shares of Fortune Brands Home & Security from an underperform rating to a neutral rating and increased their target price for the stock from $74.00 to $84.00 in a research note on Friday, April 29th. StockNews.com started coverage on shares of Fortune Brands Home & Security in a research note on Thursday, March 31st. They set a hold rating for the company. The Goldman Sachs Group decreased their target price on shares of Fortune Brands Home & Security from $102.00 to $89.00 and set a buy rating for the company in a research note on Thursday, June 23rd. TheStreet downgraded shares of Fortune Brands Home & Security from a b- rating to a c+ rating in a research note on Tuesday, July 5th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Fortune Brands Home & Security from $84.00 to $77.00 in a research note on Friday, July 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Fortune Brands Home & Security presently has a consensus rating of Hold and an average price target of $91.67.

Fortune Brands Home & Security Stock Performance

Shares of FBHS stock opened at $67.30 on Monday. The stock’s 50-day moving average is $64.69 and its two-hundred day moving average is $76.52. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 2.01 and a beta of 1.54. Fortune Brands Home & Security has a 1 year low of $56.86 and a 1 year high of $109.23. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.20 and a current ratio of 2.18.

Fortune Brands Home & Security (NYSE:FBHSGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.07. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. Fortune Brands Home & Security had a return on equity of 26.00% and a net margin of 9.94%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.36 earnings per share. Analysts predict that Fortune Brands Home & Security will post 6.31 earnings per share for the current year.

Fortune Brands Home & Security Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Friday, May 27th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, May 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.66%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is 19.93%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Toronto Dominion Bank increased its stake in shares of Fortune Brands Home & Security by 42.5% during the 4th quarter. Toronto Dominion Bank now owns 79,892 shares of the industrial products company’s stock worth $8,540,000 after purchasing an additional 23,820 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Fortune Brands Home & Security by 4.8% during the 4th quarter. Baird Financial Group Inc. now owns 14,203 shares of the industrial products company’s stock worth $1,518,000 after purchasing an additional 653 shares in the last quarter. UMB Bank N A MO purchased a new position in shares of Fortune Brands Home & Security during the 4th quarter worth approximately $551,000. Canada Pension Plan Investment Board increased its stake in shares of Fortune Brands Home & Security by 685.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,579 shares of the industrial products company’s stock worth $1,238,000 after purchasing an additional 10,105 shares in the last quarter. Finally, Calamos Advisors LLC increased its stake in shares of Fortune Brands Home & Security by 15.4% during the 1st quarter. Calamos Advisors LLC now owns 154,414 shares of the industrial products company’s stock worth $11,470,000 after purchasing an additional 20,582 shares in the last quarter. 88.19% of the stock is owned by hedge funds and other institutional investors.

Fortune Brands Home & Security Company Profile

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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.

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

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