Fortune Brands Home & Security, Inc. (NYSE:FBHS) was the recipient of a large increase in short interest in the month of October. As of October 13th, there was short interest totalling 6,066,872 shares, an increase of 45.2% from the September 29th total of 4,177,447 shares. Based on an average daily volume of 802,418 shares, the short-interest ratio is presently 7.6 days. Currently, 4.0% of the company’s stock are short sold.

A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of Fortune Brands Home & Security from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Royal Bank Of Canada restated a “buy” rating and set a $75.00 price objective on shares of Fortune Brands Home & Security in a research note on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and set a $76.00 price objective on shares of Fortune Brands Home & Security in a research note on Friday, July 14th. Robert W. Baird restated a “buy” rating and set a $72.00 price objective on shares of Fortune Brands Home & Security in a research note on Tuesday, October 24th. Finally, Credit Suisse Group increased their price objective on shares of Fortune Brands Home & Security from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $70.00.

In related news, insider E Lee Wyatt sold 33,400 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $65.01, for a total value of $2,171,334.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher J. Klein sold 60,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $62.78, for a total transaction of $3,766,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 181,000 shares of company stock valued at $11,813,470. Company insiders own 1.61% of the company’s stock.

Large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC lifted its stake in Fortune Brands Home & Security by 60.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 600 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Fortune Brands Home & Security by 1.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 23 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Fortune Brands Home & Security by 1.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,115 shares of the industrial products company’s stock valued at $137,000 after purchasing an additional 40 shares during the last quarter. Global X Management Co. LLC lifted its stake in Fortune Brands Home & Security by 13.2% in the 2nd quarter. Global X Management Co. LLC now owns 2,385 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 279 shares during the last quarter. Finally, Stephens Inc. AR acquired a new stake in Fortune Brands Home & Security in the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 87.94% of the company’s stock.

Shares of Fortune Brands Home & Security (FBHS) opened at $64.17 on Friday. The company has a market cap of $9,741.07, a PE ratio of 21.46, a PEG ratio of 2.00 and a beta of 1.41. The company has a current ratio of 1.87, a quick ratio of 1.17 and a debt-to-equity ratio of 0.57.

Fortune Brands Home & Security (NYSE:FBHS) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. Fortune Brands Home & Security had a net margin of 8.62% and a return on equity of 18.64%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $0.80 EPS. Fortune Brands Home & Security’s revenue was up 5.5% on a year-over-year basis. equities research analysts expect that Fortune Brands Home & Security will post 3.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 24th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.72 annualized dividend and a yield of 1.12%. Fortune Brands Home & Security’s dividend payout ratio (DPR) is currently 24.83%.

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Fortune Brands Home & Security Company Profile

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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