Vulcan Value Partners LLC Decreases Stock Holdings in Fortune Brands Innovations, Inc. $FBIN

Vulcan Value Partners LLC trimmed its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 7.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 299,028 shares of the company’s stock after selling 25,664 shares during the period. Vulcan Value Partners LLC owned 0.25% of Fortune Brands Innovations worth $15,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Trust Advisors LP raised its stake in Fortune Brands Innovations by 9.1% during the 2nd quarter. First Trust Advisors LP now owns 1,165,342 shares of the company’s stock worth $59,992,000 after acquiring an additional 97,662 shares in the last quarter. CX Institutional grew its position in shares of Fortune Brands Innovations by 22,269.6% during the third quarter. CX Institutional now owns 108,269 shares of the company’s stock worth $5,780,000 after acquiring an additional 107,785 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Fortune Brands Innovations by 63.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 29,593 shares of the company’s stock worth $1,523,000 after purchasing an additional 11,433 shares during the period. Caxton Associates LLP purchased a new stake in shares of Fortune Brands Innovations in the second quarter valued at about $2,717,000. Finally, Federated Hermes Inc. grew its holdings in shares of Fortune Brands Innovations by 56.0% during the third quarter. Federated Hermes Inc. now owns 1,317,373 shares of the company’s stock worth $70,335,000 after buying an additional 473,031 shares during the last quarter. 87.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FBIN shares. Zacks Research lowered Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a report on Thursday. Robert W. Baird set a $55.00 price target on Fortune Brands Innovations in a report on Friday, February 13th. Barclays downgraded shares of Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $68.00 to $55.00 in a report on Friday, February 13th. Zelman & Associates downgraded shares of Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a research report on Friday, February 13th. Finally, BMO Capital Markets decreased their target price on Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $60.00.

Fortune Brands Innovations Trading Up 0.5%

Shares of FBIN stock opened at $54.35 on Monday. The firm has a 50-day moving average price of $55.52 and a 200 day moving average price of $54.06. The company has a current ratio of 1.84, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 3.33 and a beta of 1.41. Fortune Brands Innovations, Inc. has a twelve month low of $44.04 and a twelve month high of $67.43.

Fortune Brands Innovations (NYSE:FBIN) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.14). Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the company earned $0.98 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. Research analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current fiscal year.

Fortune Brands Innovations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Friday, February 20th will be issued a $0.26 dividend. The ex-dividend date is Friday, February 20th. This is an increase from Fortune Brands Innovations’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. Fortune Brands Innovations’s payout ratio is 42.11%.

Fortune Brands Innovations Profile

Fortune Brands Innovations (NYSE: FBIN), formerly known as Fortune Brands Home & Security, is a global leader in water innovations, specializing in the design, manufacturing and marketing of plumbing fixtures, fittings and related products. Headquartered in Deerfield, Illinois, the company leverages two iconic brands—Moen and House of Rohl—to deliver high-quality kitchen and bathroom solutions across residential and commercial markets. With a focus on performance, reliability and aesthetic design, FBIN’s portfolio spans faucets, showerheads, accessories and water filtration systems.

The company’s products are sold through a diversified network of retail partners, wholesale distributors and online channels across North America, Europe, Asia-Pacific and Latin America.