Fortune Brands Innovations, Inc. $FBIN Stake Decreased by Robeco Schweiz AG

Robeco Schweiz AG reduced its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 24.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 477,637 shares of the company’s stock after selling 153,052 shares during the quarter. Robeco Schweiz AG owned 0.40% of Fortune Brands Innovations worth $18,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. EFG International AG purchased a new stake in shares of Fortune Brands Innovations during the 2nd quarter valued at about $32,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Fortune Brands Innovations during the first quarter valued at approximately $30,000. Community Bank N.A. raised its holdings in shares of Fortune Brands Innovations by 59.4% during the second quarter. Community Bank N.A. now owns 765 shares of the company’s stock valued at $42,000 after purchasing an additional 285 shares during the last quarter. Twin Tree Management LP purchased a new position in shares of Fortune Brands Innovations during the second quarter valued at approximately $47,000. Finally, Markowski Investments bought a new position in Fortune Brands Innovations during the second quarter valued at approximately $49,000. 87.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on FBIN shares. DA Davidson began coverage on shares of Fortune Brands Innovations in a research report on Monday, August 24th. They issued a “buy” rating and a $64.00 target price for the company. Barclays lowered their price target on Fortune Brands Innovations from $54.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Truist Financial upgraded Fortune Brands Innovations from a “hold” rating to a “buy” rating and raised their price target for the stock from $45.00 to $70.00 in a research note on Tuesday, June 30th. Weiss Ratings raised Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Finally, Citigroup reiterated a “reduce” rating on shares of Fortune Brands Innovations in a research report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Fortune Brands Innovations has a consensus rating of “Hold” and an average price target of $52.67.

Fortune Brands Innovations Trading Down 1.7%

Shares of Fortune Brands Innovations stock opened at $43.03 on Friday. The company’s fifty day simple moving average is $41.32 and its 200-day simple moving average is $42.99. The stock has a market capitalization of $5.14 billion, a PE ratio of 34.98, a P/E/G ratio of 2.12 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 has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.05.

Fortune Brands Innovations (NYSE:FBIN) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.55. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. As a group, equities analysts anticipate that Fortune Brands Innovations, Inc. will post 3.33 earnings per share for the current year.

Fortune Brands Innovations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, November 20th. Fortune Brands Innovations’s payout ratio is currently 84.55%.

Insider Buying and Selling

In related news, CEO Jesse Singh purchased 19,560 shares of Fortune Brands Innovations stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $50.93 per share, for a total transaction 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 position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.32% of the stock is currently owned by insiders.

Fortune Brands Innovations Profile

Fortune Brands Innovations, Inc is a manufacturer and marketer of products used in residential construction, remodeling and commercial applications. The company operates through businesses focused on water management, outdoor living and home safety and security.

Its portfolio includes plumbing products under brands such as Moen and House of Rohl; doors and related products marketed through Therma-Tru; composite decking and outdoor-living products from Fiberon; and locks, safes and security products sold under Master Lock and SentrySafe.