Brokerages Set Fortune Brands Innovations, Inc. (NYSE:FBIN) PT at $55.33

Fortune Brands Innovations, Inc. (NYSE:FBIN) has earned an average rating of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $55.3333.

FBIN has been the subject of several analyst reports. JPMorgan Chase & Co. cut their target price on Fortune Brands Innovations from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Evercore set a $56.00 price target on Fortune Brands Innovations in a research report on Wednesday, August 5th. Barclays lowered their price target on shares of Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 5th. Royal Bank Of Canada raised their price objective on shares of Fortune Brands Innovations from $50.00 to $57.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th.

Insider Activity at Fortune Brands Innovations

In related news, CEO Jesse G. Singh acquired 19,560 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was bought at an average cost of $50.93 per share, with a total value of $996,190.80. Following the acquisition, the chief executive officer owned 39,285 shares of the company’s stock, valued at approximately $2,000,785.05. The trade was a 99.16% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward P. Garden purchased 320,067 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were purchased at an average cost of $40.60 per share, with a total value of $12,994,720.20. Following the purchase, the director owned 3,940,234 shares of the company’s stock, valued at approximately $159,973,500.40. The trade was a 8.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 825,652 shares of company stock valued at $30,669,143. 3.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fortune Brands Innovations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Fortune Brands Innovations by 0.8% during 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 last quarter. Empowered Funds LLC lifted its stake in shares of Fortune Brands Innovations by 20.5% in the 1st quarter. Empowered Funds LLC now owns 10,335 shares of the company’s stock valued at $629,000 after purchasing an additional 1,761 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Fortune Brands Innovations by 83.6% during the first quarter. Geneos Wealth Management Inc. now owns 852 shares of the company’s stock valued at $52,000 after purchasing an additional 388 shares in the last quarter. Cetera Investment Advisers grew its stake in Fortune Brands Innovations by 7.6% in the second quarter. Cetera Investment Advisers now owns 10,382 shares of the company’s stock worth $534,000 after purchasing an additional 731 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in Fortune Brands Innovations by 158.3% in the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock worth $27,000 after purchasing an additional 323 shares during the period. 87.60% of the stock is currently owned by institutional investors.

Fortune Brands Innovations Stock Performance

Shares of FBIN opened at $47.86 on Monday. The stock has a 50 day moving average of $48.32 and a 200 day moving average of $45.86. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 4.04 and a beta of 1.31. Fortune Brands Innovations has a 12 month low of $32.34 and a 12 month high of $64.84. 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 released its earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.55. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the business posted $1.00 EPS. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. As a group, sell-side analysts forecast that Fortune Brands Innovations will post 3.36 earnings per share for the current year.

Fortune Brands Innovations Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.04 annualized dividend and a dividend yield of 2.2%. Fortune Brands Innovations’s payout ratio is presently 84.55%.

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.