Universal Beteiligungs und Servicegesellschaft mbH Has $4.27 Million Stock Position in Fortune Brands Innovations, Inc. $FBIN

Universal Beteiligungs und Servicegesellschaft mbH cut its position in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 30.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,916 shares of the company’s stock after selling 36,550 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Fortune Brands Innovations worth $4,269,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. National Pension Service grew its stake in shares of Fortune Brands Innovations by 74.5% in the first quarter. National Pension Service now owns 466 shares of the company’s stock worth $28,000 after acquiring an additional 199 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Fortune Brands Innovations by 119.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 539 shares of the company’s stock valued at $28,000 after purchasing an additional 293 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in Fortune Brands Innovations in the 2nd quarter worth $34,000. Ameritas Advisory Services LLC acquired a new stake in Fortune Brands Innovations in the 2nd quarter worth $37,000. Finally, LRI Investments LLC raised its position in shares of Fortune Brands Innovations by 1,142.6% during the second quarter. LRI Investments LLC now owns 758 shares of the company’s stock valued at $39,000 after buying an additional 697 shares during the last quarter. Institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Trading Up 5.8%

Shares of FBIN opened at $47.09 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.98 and a current ratio of 1.97. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 4.37 and a beta of 1.32. The stock has a fifty day moving average price of $51.03 and a two-hundred day moving average price of $53.34. Fortune Brands Innovations, Inc. has a 52-week low of $44.04 and a 52-week high of $81.93.

Fortune Brands Innovations (NYSE:FBIN) last announced its earnings results on Thursday, October 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.01). Fortune Brands Innovations had a return on equity of 19.85% and a net margin of 8.75%.The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. Fortune Brands Innovations’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. Analysts predict that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. Fortune Brands Innovations’s dividend payout ratio is 37.31%.

Analyst Ratings Changes

A number of research firms recently weighed in on FBIN. Evercore ISI reissued an “outperform” rating on shares of Fortune Brands Innovations in a research report on Friday, October 31st. Truist Financial reissued a “hold” rating and set a $60.00 price objective (down previously from $65.00) on shares of Fortune Brands Innovations in a report on Wednesday, August 27th. UBS Group lowered their price objective on Fortune Brands Innovations from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Barclays reduced their target price on Fortune Brands Innovations from $68.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Vertical Research started coverage on shares of Fortune Brands Innovations in a report on Tuesday, October 21st. They issued a “hold” rating and a $52.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $64.40.

Fortune Brands Innovations Profile

Fortune Brands Innovations, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. The company operates through three segments: Water, Outdoors, and Security. The Water segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, and Schaub brands.