Fortune Brands Innovations (NYSE:FBIN) Shares Gap Up – Still a Buy?

Fortune Brands Innovations, Inc. (NYSE:FBIN)’s share price gapped up prior to trading on Monday . The stock had previously closed at $54.32, but opened at $57.00. Fortune Brands Innovations shares last traded at $55.2940, with a volume of 367,663 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. The Goldman Sachs Group dropped their target price on Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Wolfe Research set a $64.00 target price on Fortune Brands Innovations in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortune Brands Innovations in a report on Monday, December 29th. BMO Capital Markets cut their price objective on shares of Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating on the stock in a report on Tuesday, February 17th. Finally, Barclays cut shares of Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $68.00 to $55.00 in a report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Fortune Brands Innovations presently has a consensus rating of “Hold” and a consensus target price of $60.00.

Fortune Brands Innovations Stock Performance

The company has a market cap of $6.72 billion, a PE ratio of 22.64, a PEG ratio of 3.33 and a beta of 1.41. The stock has a 50 day simple moving average of $55.52 and a two-hundred day simple moving average of $54.06. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.84 and a quick ratio of 0.89.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.14). Fortune Brands Innovations had a net margin of 6.70% and a return on equity of 18.54%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company earned $0.98 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. Equities analysts predict that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current year.

Fortune Brands Innovations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Friday, February 20th will be given a $0.26 dividend. This is a boost from Fortune Brands Innovations’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 20th. This represents a $1.04 annualized dividend and a yield of 1.9%. Fortune Brands Innovations’s payout ratio is presently 42.11%.

Institutional Investors Weigh In On Fortune Brands Innovations

Several large investors have recently modified their holdings of the stock. Osaic Holdings Inc. increased its stake in Fortune Brands Innovations by 0.8% in the 4th quarter. Osaic Holdings Inc. now owns 24,447 shares of the company’s stock valued at $1,223,000 after buying an additional 198 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in shares of Fortune Brands Innovations by 0.8% in the third 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 in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Fortune Brands Innovations by 9.9% during the third quarter. Farther Finance Advisors LLC now owns 2,294 shares of the company’s stock worth $122,000 after acquiring an additional 206 shares during the period. Assetmark Inc. raised its holdings in Fortune Brands Innovations by 1.2% during the fourth quarter. Assetmark Inc. now owns 17,728 shares of the company’s stock worth $887,000 after purchasing an additional 208 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position in Fortune Brands Innovations by 3.0% in the fourth quarter. TD Private Client Wealth LLC now owns 7,308 shares of the company’s stock valued at $366,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 87.60% of the company’s stock.

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.