Ingalls & Snyder LLC Has $9.29 Million Stock Position in Fortune Brands Innovations, Inc. $FBIN

Ingalls & Snyder LLC lessened its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 12.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 173,984 shares of the company’s stock after selling 25,467 shares during the quarter. Ingalls & Snyder LLC’s holdings in Fortune Brands Innovations were worth $9,289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS increased 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 worth $1,340,000 after acquiring an additional 200 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Fortune Brands Innovations by 9.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,294 shares of the company’s stock worth $122,000 after purchasing an additional 206 shares in the last quarter. UMB Bank n.a. raised its holdings in Fortune Brands Innovations by 8.3% during the 3rd quarter. UMB Bank n.a. now owns 2,794 shares of the company’s stock worth $149,000 after buying an additional 215 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in Fortune Brands Innovations by 1.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 21,341 shares of the company’s stock valued at $1,139,000 after buying an additional 219 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Fortune Brands Innovations by 11.3% in the third quarter. Fifth Third Bancorp now owns 2,166 shares of the company’s stock valued at $116,000 after buying an additional 220 shares during the period. 87.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on FBIN shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $61.00 target price on shares of Fortune Brands Innovations in a report on Friday. The Goldman Sachs Group reduced their price target on Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday. Zelman & Associates downgraded shares of Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a report on Friday. Robert W. Baird set a $55.00 target price on shares of Fortune Brands Innovations in a report on Friday. Finally, Evercore reiterated an “outperform” rating on shares of Fortune Brands Innovations in a research note on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Fortune Brands Innovations presently has an average rating of “Hold” and an average target price of $60.00.

Fortune Brands Innovations Trading Up 2.9%

Shares of NYSE:FBIN opened at $52.82 on Wednesday. Fortune Brands Innovations, Inc. has a 52-week low of $44.04 and a 52-week high of $69.32. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.89 and a current ratio of 1.84. The company has a market capitalization of $6.35 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 4.99 and a beta of 1.41. The company has a 50-day simple moving average of $55.39 and a 200 day simple moving average of $54.11.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.14 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The business’s quarterly revenue was down 2.4% on a year-over-year basis. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. Sell-side analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current year.

Fortune Brands Innovations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.26 per share. This is a boost from Fortune Brands Innovations’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 20th. Fortune Brands Innovations’s dividend payout ratio is presently 40.49%.

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.