B. Metzler seel. Sohn & Co. AG Has $1.04 Million Stock Holdings in Fortune Brands Innovations, Inc. $FBIN

B. Metzler seel. Sohn & Co. AG reduced its stake in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 15.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 17,108 shares of the company’s stock after selling 3,059 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Fortune Brands Innovations were worth $1,042,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of FBIN. Stifel Financial Corp raised its holdings in Fortune Brands Innovations by 23.6% during the 4th quarter. Stifel Financial Corp now owns 10,256 shares of the company’s stock worth $701,000 after buying an additional 1,960 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Fortune Brands Innovations by 19.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 137,917 shares of the company’s stock worth $9,425,000 after buying an additional 22,443 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Fortune Brands Innovations by 5.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 109,887 shares of the company’s stock worth $7,509,000 after buying an additional 6,063 shares during the period. Northern Trust Corp raised its holdings in Fortune Brands Innovations by 35.5% during the 4th quarter. Northern Trust Corp now owns 1,295,703 shares of the company’s stock worth $88,535,000 after buying an additional 339,314 shares during the period. Finally, Freestone Grove Partners LP acquired a new stake in Fortune Brands Innovations during the 4th quarter worth approximately $343,000. 87.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortune Brands Innovations

In related news, CEO Nicholas I. Fink sold 29,792 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $59.04, for a total value of $1,758,919.68. Following the completion of the transaction, the chief executive officer directly owned 180,625 shares of the company’s stock, valued at approximately $10,664,100. This trade represents a 14.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Fortune Brands Innovations Price Performance

NYSE:FBIN opened at $58.56 on Friday. Fortune Brands Innovations, Inc. has a 1-year low of $47.21 and a 1-year high of $90.54. The company has a current ratio of 1.97, a quick ratio of 0.98 and a debt-to-equity ratio of 1.20. The firm has a fifty day simple moving average of $55.59 and a 200 day simple moving average of $56.11. The stock has a market capitalization of $7.03 billion, a PE ratio of 18.41, a P/E/G ratio of 4.02 and a beta of 1.32.

Fortune Brands Innovations (NYSE:FBIN) last released its earnings results on Thursday, July 31st. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. Fortune Brands Innovations had a net margin of 8.75% and a return on equity of 19.85%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business earned $1.16 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. Fortune Brands Innovations has set its FY 2025 guidance at 3.750-3.950 EPS. On average, research analysts expect that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. Fortune Brands Innovations’s dividend payout ratio (DPR) is currently 31.45%.

Analyst Upgrades and Downgrades

Several brokerages have commented on FBIN. Barclays raised their target price on shares of Fortune Brands Innovations from $67.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wall Street Zen upgraded shares of Fortune Brands Innovations from a “sell” rating to a “hold” rating in a report on Friday, May 30th. Loop Capital reiterated a “hold” rating and issued a $61.00 price objective (up from $53.00) on shares of Fortune Brands Innovations in a report on Monday, August 4th. UBS Group lifted their price objective on shares of Fortune Brands Innovations from $82.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Robert W. Baird lowered their price objective on shares of Fortune Brands Innovations from $56.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $75.45.

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.