Fortune Brands Home & Security, Inc NYSE:FBHS Position Increased by Salem Investment Counselors Inc.
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Fortune Brands Home & Security, Inc. began trading on the New York Stock Exchange under the ticker symbol FBHS on October 3, 2011. Prior to its spin-off, the company operated as a division of the former Fortune Brands, Inc. holding company. Following the separation, Fortune Brands, Inc. changed its name to Beam Inc. and retained no ownership interest in Fortune Brands Home & Security, Inc. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
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FBHS
The Goldman Sachs Group lowered their price target on Fortune Brands Home & Security from $89.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, October 12th. Finally, BMO Capital Markets lowered their price target on Fortune Brands Home & Security from $85.00 to $82.00 and set an “outperform” rating on the stock in a report on Wednesday, December 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock.
Fortune Brands Home & Security is a leading home and security products company that operates three segments. The company’s $2.9 billion cabinets segment, which will be spun off in early 2023, sells cabinets and vanities under the MasterBrand family of brands. The $2.8 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures.
Ex-Dividend Reminder: Fortune Brands Home & Security, Pinnacle Foods and Hillshire Brands
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Ex-Dividend Reminder: Fortune Brands Home & Security, NU Skin Enterprises and Diageo
Investors of record on Friday, November 25th will be given a $0.28 dividend. Fortune Brands Home & Security’s dividend payout ratio is currently 19.82%. Nicholas I. Fink is chief executive officer of Fortune Brands and is on its board of directors. He assumed the CEO role on January 6, 2020, after having served as chief operating officer of Fortune Brands, and prior to that, the president of the Fortune Brands Global Plumbing Group . Fink succeeded Christopher J. Klein, who had held the chief executive officer role at Fortune Brands from 2011 through his retirement from CEO on December 31, 2019. Visit to learn more about FBHS, its brands and how the Company is accelerating its environmental, social and governance commitments.
Eagle Bay Advisors LLC increased its holdings in Fortune Brands Home & Security by 29.3% in the first quarter. Eagle Bay Advisors LLC now owns 874 shares of the industrial products company’s stock worth $65,000 after buying an additional 198 shares during the last quarter. Finally, Clearstead Advisors LLC increased its holdings in Fortune Brands Home & Security by 67.9% in the second quarter. Clearstead Advisors LLC now owns 888 shares of the industrial products company’s stock worth $53,000 after buying an additional 359 shares during the last quarter.
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"I am thrilled to introduce Fortune Brands Innovations, a brand, innovation and channel leader in the home, security and commercial building markets," said Fortune Brands CEO Nicholas Fink, in a statement. "Our focus on safety and sustainability, our ongoing digital transformation, and our disciplined approach to strategic acquisitions also set the stage for further long-term... Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th.
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First Horizon Advisors Inc. now owns 637 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 545 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Fortune Brands Home & Security in the second quarter worth approximately $46,000. Ronald Blue Trust Inc. acquired a new position in Fortune Brands Home & Security in the second quarter worth approximately $62,000.
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