Mitsubishi UFJ Asset Management Co. Ltd. Invests $14.10 Million in Fortune Brands Innovations, Inc. $FBIN

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 256,795 shares of the company’s stock, valued at approximately $14,098,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Diamond Hill Capital Management Inc. lifted its stake in Fortune Brands Innovations by 7.3% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 554,244 shares of the company’s stock valued at $27,723,000 after acquiring an additional 37,861 shares in the last quarter. Garden Investment Management L.P. bought a new position in shares of Fortune Brands Innovations during the 1st quarter worth approximately $137,471,000. Black Cypress Capital Management LLC grew its stake in shares of Fortune Brands Innovations by 22.6% during the 4th quarter. Black Cypress Capital Management LLC now owns 150,825 shares of the company’s stock worth $7,544,000 after acquiring an additional 27,824 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fortune Brands Innovations by 2,071.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 147,689 shares of the company’s stock valued at $7,387,000 after purchasing an additional 140,888 shares during the last quarter. Finally, Vulcan Value Partners LLC raised its holdings in shares of Fortune Brands Innovations by 18.2% in the fourth quarter. Vulcan Value Partners LLC now owns 353,520 shares of the company’s stock valued at $17,683,000 after purchasing an additional 54,492 shares during the last quarter. 87.60% of the stock is owned by institutional investors.

Fortune Brands Innovations Price Performance

Shares of FBIN opened at $45.22 on Friday. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 3.88 and a beta of 1.31. Fortune Brands Innovations, Inc. has a 1-year low of $32.34 and a 1-year high of $64.84. The company’s fifty day simple moving average is $48.70 and its 200 day simple moving average is $45.53. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.55. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. On average, research analysts forecast that Fortune Brands Innovations, Inc. will post 3.36 earnings per share for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 21st. Fortune Brands Innovations’s dividend payout ratio is presently 84.55%.

Analyst Ratings Changes

FBIN has been the subject of several recent research reports. Barclays reduced their target price on shares of Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. The Goldman Sachs Group reissued a “buy” rating and set a $68.00 price target on shares of Fortune Brands Innovations in a research report on Wednesday, August 5th. Evercore set a $56.00 price objective on Fortune Brands Innovations in a report on Wednesday, August 5th. Weiss Ratings raised Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets upped their target price on Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a “market perform” rating in a report on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.33.

Insider Transactions at Fortune Brands Innovations

In other Fortune Brands Innovations news, CEO Jesse G. Singh purchased 19,560 shares of the stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $50.93 per share, with a total value of $996,190.80. Following the completion of the transaction, the chief executive officer directly owned 39,285 shares in the company, valued at $2,000,785.05. This represents a 99.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward P. Garden acquired 320,067 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was acquired at an average price of $40.60 per share, for a total transaction of $12,994,720.20. Following the purchase, the director directly owned 3,940,234 shares of the company’s stock, valued at approximately $159,973,500.40. This trade represents a 8.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 359,352 shares of company stock worth $15,009,905. 3.32% of the stock is owned by insiders.

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.