Fortune Brands Innovations, Inc. (NYSE:FBIN) Given Average Rating of “Hold” by Brokerages

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) have been given a consensus rating of “Hold” by the seventeen ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $55.7143.

FBIN has been the subject of a number of recent analyst reports. Truist Financial upgraded shares of Fortune Brands Innovations from a “hold” rating to a “buy” rating and lifted their price target for the company from $45.00 to $70.00 in a research report on Tuesday, June 30th. BMO Capital Markets upped their price objective on Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. Evercore set a $56.00 target price on Fortune Brands Innovations in a report on Wednesday, August 5th. UBS Group boosted their target price on Fortune Brands Innovations from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Zacks Research raised Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th.

Insider Buying and Selling

In other news, CEO Jesse Singh acquired 19,725 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were bought at an average cost of $51.66 per share, with a total value of $1,018,993.50. Following the transaction, the chief executive officer owned 19,725 shares in the company, valued at approximately $1,018,993.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fortune Brands Innovations

Several hedge funds and other institutional investors have recently made changes to their positions in FBIN. Danske Bank A S purchased a new stake in Fortune Brands Innovations during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in Fortune Brands Innovations by 158.3% during 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 in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in shares of Fortune Brands Innovations by 1,275.0% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company’s stock worth $28,000 after buying an additional 510 shares during the last quarter. EFG International AG acquired a new position in shares of Fortune Brands Innovations in the 2nd quarter valued at $32,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Fortune Brands Innovations in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 87.60% of the company’s stock.

Fortune Brands Innovations Stock Performance

NYSE:FBIN opened at $42.21 on Friday. The company’s 50-day moving average is $48.60 and its two-hundred day moving average is $44.26. Fortune Brands Innovations 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. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 1.91 and a beta of 1.30.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, beating 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 business’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 company earned $1.00 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Analysts forecast that Fortune Brands Innovations will post 3.33 EPS for the current year.

Fortune Brands Innovations Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be paid a $0.26 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.04 dividend on an annualized basis and a yield of 2.5%. Fortune Brands Innovations’s payout ratio is currently 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.