Fortune Brands Home & Security, Inc. (FBHS): Michael P. Bauer , President, Master Lock of Fortune Brands Home & Security, Inc. sold 24,858 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $57.38 per share for a total value of $1,426,352.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 16, 2016, A D David Mackay (director) sold 25,000 shares at $55.58 per share price.On May 11, 2016, E Lee Wyatt (SVP and CFO) sold 17,128 shares at $57.00 per share price.Also, On Apr 26, 2016, David Randich (President MasterBrand Cabinets) sold 29,591 shares at $57.17 per share price.On Apr 26, 2016, Christopher J Klein (Chief Executive Officer) sold 390,000 shares at $57.19 per share price.
Fortune Brands Home & Security Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Fortune Brands Home & Security Inc which led to swings in the share price. The shares opened for trading at $56.94 and hit $57.92 on the upside , eventually ending the session at $57.68, with a gain of 1.76% or 1 points. The heightened volatility saw the trading volume jump to 10,73,036 shares. The 52-week high of the share price is $59.98 and the company has a market cap of $8,847 M . The 52-week low of the share price is at $41.17.
On Apr 25, 2016, Fortune Brands Home & Security Inc announced a cash dividend of $0.1600. The company’s management has announced May 25, 2016 as the ex-dividend date and fixed the record date on May 27, 2016. The payable date has been fixed on Jun 15, 2016.
Company has been under the radar of several Street Analysts.Fortune Brands Home & Security Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $62 .The Rating was issued on Apr 21, 2016.
Fortune Brands Home & Security Inc. is a holding company. The Company through its subsidiaries engaged in manufacture and sale of home and security products. The Company operates through four business segments: Cabinets Plumbing Doors and Security. The Cabinets segment provides cabinetry as well as vanities for the kitchen bath and other parts of the home through a regional supply chain footprint in North America. The Plumbing segment manufactures or assembles and sells faucets accessories and kitchen sinks in North America and China predominantly under the Moen brand. The Doors segment offers fiberglass and steel entry door systems under the Therma-Tru brand and urethane millwork product lines under the Fypon brand. The Security segment’s products consist of locks safety and security devices manufactured sourced and distributed under the Master Lock brand and fire resistant safes and commercial cabinets manufactured sourced and distributed under the SentrySafe brand.