Analysts Set Fortune Brands Innovations, Inc. (NYSE:FBIN) Target Price at $62.33

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) have earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $62.3333.

FBIN has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $62.00 price objective on shares of Fortune Brands Innovations in a research report on Friday, January 9th. Barclays boosted their price objective on shares of Fortune Brands Innovations from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Evercore ISI restated an “outperform” rating on shares of Fortune Brands Innovations in a report on Friday, October 31st. Vertical Research initiated coverage on shares of Fortune Brands Innovations in a research note on Tuesday, October 21st. They set a “hold” rating and a $52.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Fortune Brands Innovations in a research note on Monday, December 29th.

Hedge Funds Weigh In On Fortune Brands Innovations

A number of institutional investors have recently added to or reduced their stakes in FBIN. KLP Kapitalforvaltning AS boosted its holdings in shares of Fortune Brands Innovations by 0.8% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 25,100 shares of the company’s stock valued at $1,340,000 after acquiring an additional 200 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Fortune Brands Innovations by 9.9% in the third quarter. Farther Finance Advisors LLC now owns 2,294 shares of the company’s stock worth $122,000 after purchasing an additional 206 shares during the last quarter. Assetmark Inc. grew its position in Fortune Brands Innovations by 1.2% in the 4th quarter. Assetmark Inc. now owns 17,728 shares of the company’s stock worth $887,000 after purchasing an additional 208 shares during the period. Raleigh Capital Management Inc. raised its stake in Fortune Brands Innovations by 20.8% during the 2nd quarter. Raleigh Capital Management Inc. now owns 1,229 shares of the company’s stock valued at $63,000 after buying an additional 212 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Fortune Brands Innovations by 8.3% during the 3rd quarter. UMB Bank n.a. now owns 2,794 shares of the company’s stock valued at $149,000 after buying an additional 215 shares during the period. Institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Price Performance

Shares of Fortune Brands Innovations stock opened at $58.30 on Thursday. The company’s fifty day simple moving average is $52.53 and its two-hundred day simple moving average is $53.79. Fortune Brands Innovations has a 12-month low of $44.04 and a 12-month high of $75.68. The firm has a market cap of $7.00 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 3.98 and a beta of 1.40. The company has a quick ratio of 0.94, a current ratio of 1.95 and a debt-to-equity ratio of 1.12.

Fortune Brands Innovations (NYSE:FBIN) last posted its earnings results on Thursday, October 30th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.01). Fortune Brands Innovations had a return on equity of 19.28% and a net margin of 7.30%.The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Fortune Brands Innovations has set its FY 2025 guidance at 3.700-3.800 EPS. As a group, equities analysts expect that Fortune Brands Innovations will post 4.24 EPS for the current year.

Fortune Brands Innovations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Friday, February 20th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, February 20th. This is a boost from Fortune Brands Innovations’s previous quarterly dividend of $0.25. Fortune Brands Innovations’s dividend payout ratio (DPR) is 37.31%.

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.