Fortune Brands Innovations (NYSE:FBIN) Price Target Cut to $50.00 by Analysts at Royal Bank Of Canada

Fortune Brands Innovations (NYSE:FBIN) had its price target decreased by Royal Bank Of Canada from $56.00 to $50.00 in a research note released on Friday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other research firms have also recently commented on FBIN. UBS Group restated a “buy” rating and set a $70.00 price target on shares of Fortune Brands Innovations in a report on Friday, February 13th. The Goldman Sachs Group decreased their price target on shares of Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Bank of America decreased their price target on shares of Fortune Brands Innovations from $52.00 to $42.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Truist Financial cut their price objective on shares of Fortune Brands Innovations from $55.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Wolfe Research set a $64.00 price objective on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $52.50.

Fortune Brands Innovations Trading Down 2.9%

Fortune Brands Innovations stock opened at $37.96 on Friday. The firm’s 50-day moving average is $42.14 and its 200-day moving average is $49.20. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.89 and a current ratio of 1.84. Fortune Brands Innovations has a 1 year low of $36.07 and a 1 year high of $64.84. The company has a market cap of $4.55 billion, a P/E ratio of 16.87, a PEG ratio of 1.91 and a beta of 1.40.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. Fortune Brands Innovations had a net margin of 6.12% and a return on equity of 17.69%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $0.66 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities analysts expect that Fortune Brands Innovations will post 3.4 earnings per share for the current year.

Fortune Brands Innovations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 22nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 22nd. Fortune Brands Innovations’s dividend payout ratio (DPR) is presently 42.11%.

Hedge Funds Weigh In On Fortune Brands Innovations

A number of institutional investors have recently modified their holdings of FBIN. Danske Bank A S bought a new position in shares of Fortune Brands Innovations in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its position in shares of Fortune Brands Innovations by 158.3% in the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after purchasing an additional 323 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Fortune Brands Innovations in the fourth quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC raised its position in shares of Fortune Brands Innovations by 1,275.0% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company’s stock valued at $28,000 after purchasing an additional 510 shares during the period. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of Fortune Brands Innovations in the first quarter valued at approximately $30,000. Institutional investors own 87.60% of the company’s stock.

Trending Headlines about Fortune Brands Innovations

Here are the key news stories impacting Fortune Brands Innovations this week:

• Neutral Sentiment: Fortune Brands reported first-quarter EPS of $0.53 and revenue of $1.01 billion, both in line with Wall Street estimates, which suggests the quarter was solid but not enough to spark a positive surprise.
• Neutral Sentiment: The company said sales grew in brands such as Moen, House of Rohl, and Therma-Tru, but also pointed to “inconsistent execution” and a challenging external environment, which clouds the near-term outlook.
• Positive Sentiment: RBC Capital kept an outperform rating on Fortune Brands Innovations and still sees upside from current levels, even though it lowered its price target from $56 to $50. Benzinga report on RBC price target cut
• Negative Sentiment: Management lowered FY2026 EPS guidance to $3.00-$3.30, below the consensus estimate of $3.35, signaling more caution about profitability for the rest of the year.
• Negative Sentiment: Year-over-year EPS fell from $0.66 to $0.53 and revenue declined 2.1%, reinforcing concerns that growth is slowing.

Fortune Brands Innovations Company Profile

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.