Fortune Brands Innovations (NYSE:FBIN – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 3.220-3.520 for the period, compared to the consensus EPS estimate of 3.140. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
FBIN has been the topic of several analyst reports. Robert W. Baird set a $44.00 target price on shares of Fortune Brands Innovations in a report on Friday, May 8th. Zacks Research raised shares of Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Bank of America dropped their price target on Fortune Brands Innovations from $52.00 to $42.00 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Weiss Ratings lowered Fortune Brands Innovations from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. Finally, UBS Group restated a “buy” rating and issued a $65.00 price objective on shares of Fortune Brands Innovations in a research note on Wednesday. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $55.33.
View Our Latest Analysis on FBIN
Fortune Brands Innovations Trading Down 0.2%
Fortune Brands Innovations (NYSE:FBIN – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.55. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Fortune Brands Innovations had a return on equity of 17.72% and a net margin of 6.12%.The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. On average, research analysts expect that Fortune Brands Innovations will post 3.14 EPS for the current year.
Fortune Brands Innovations Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, August 21st. This represents a $1.04 annualized dividend and a yield of 2.0%. Fortune Brands Innovations’s dividend payout ratio (DPR) is 46.22%.
Insider Activity
In other Fortune Brands Innovations news, Director Edward P. Garden purchased 403,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average cost of $33.40 per share, with a total value of $13,460,200.00. Following the completion of the transaction, the director owned 3,556,867 shares of the company’s stock, valued at $118,799,357.80. The trade was a 12.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders purchased 786,367 shares of company stock valued at $28,653,958 over the last three months. Corporate insiders own 3.32% of the company’s stock.
Hedge Funds Weigh In On Fortune Brands Innovations
Several hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. increased its stake in Fortune Brands Innovations by 0.8% in the 4th quarter. Osaic Holdings Inc. now owns 24,447 shares of the company’s stock worth $1,223,000 after acquiring an additional 198 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Fortune Brands Innovations by 30.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,108 shares of the company’s stock valued at $57,000 after acquiring an additional 256 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Fortune Brands Innovations by 158.3% during the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after buying an additional 323 shares during the period. Royal Bank of Canada lifted its stake in shares of Fortune Brands Innovations by 0.8% in the 1st quarter. Royal Bank of Canada now owns 41,713 shares of the company’s stock valued at $2,539,000 after purchasing an additional 324 shares during the period. Finally, Cresset Asset Management LLC boosted its position in shares of Fortune Brands Innovations by 8.1% in the 3rd quarter. Cresset Asset Management LLC now owns 4,600 shares of the company’s stock worth $246,000 after purchasing an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 87.60% of the company’s stock.
About Fortune Brands Innovations
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.
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