Anyone interested in Fortune Brands Home & Security, Inc. (NYSE:FBHS) should probably be aware that the Independent Director, Ann Hackett, recently divested US$150k worth of shares in the company, at an average price of US$62.83 each. Equally important, that sale actually reduced their holding by a full 86% which hardly makes us feel bullish about the stock.
Fortune Brands Home & Security Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the CEO & Director, Christopher Klein, for US$6.1m worth of shares, at about US$63.07 per share. That means that an insider was selling shares at around the current price of US$61.95. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it’s not too bad (but it’s still not a positive).
We note that in the last year insiders divested 145924 shares for a total of US$8.8m. In the last year Fortune Brands Home & Security insiders didn’t buy any company stock. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Fortune Brands Home & Security insiders own 0.6% of the company, worth about US$56m. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Fortune Brands Home & Security Tell Us?
Insiders sold Fortune Brands Home & Security shares recently, but they didn’t buy any. Looking to the last twelve months, our data doesn’t show any insider buying. But it is good to see that Fortune Brands Home & Security is growing earnings. While insiders do own shares, they don’t own a heap, and they have been selling. We’d think twice before buying! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
But note: Fortune Brands Home & Security may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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