Analysts Set Fortune Brands Innovations, Inc. (NYSE:FBIN) PT at $55.33

Fortune Brands Innovations, Inc. (NYSE:FBIN) has been assigned an average rating of “Hold” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $55.3333.

Several research analysts have weighed in on FBIN shares. Royal Bank Of Canada upped their price target on Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. BMO Capital Markets lifted their price objective on shares of Fortune Brands Innovations from $50.00 to $53.00 and gave the company a “market perform” rating in a research report on Tuesday, July 28th. Barclays lowered their target price on shares of Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 5th. Bank of America dropped their target price on shares of Fortune Brands Innovations from $52.00 to $42.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of Fortune Brands Innovations from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, May 15th.

Fortune Brands Innovations Stock Performance

NYSE FBIN opened at $47.86 on Monday. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 38.91, a price-to-earnings-growth ratio of 4.00 and a beta of 1.31. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. The business has a 50-day moving average price of $48.32 and a 200-day moving average price of $45.78. Fortune Brands Innovations has a twelve month low of $32.34 and a twelve month high of $64.84.

Fortune Brands Innovations (NYSE:FBIN) last released its earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.55. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The firm’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the business posted $1.00 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. As a group, equities research analysts predict that Fortune Brands Innovations will post 3.36 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 21st. Fortune Brands Innovations’s dividend payout ratio is 84.55%.

Insider Transactions at Fortune Brands Innovations

In other news, Director Edward P. Garden purchased 403,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average cost of $33.40 per share, with a total value of $13,460,200.00. Following the completion of the purchase, the director owned 3,556,867 shares in the company, valued at approximately $118,799,357.80. This represents a 12.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jesse G. Singh purchased 19,725 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were purchased at an average price of $51.66 per share, with a total value of $1,018,993.50. Following the acquisition, the chief executive officer directly owned 19,725 shares in the company, valued at $1,018,993.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 825,652 shares of company stock valued at $30,669,143. Company insiders own 3.32% of the company’s stock.

Institutional Trading of Fortune Brands Innovations

Several hedge funds have recently modified their holdings of FBIN. Osaic Holdings Inc. increased its position in Fortune Brands Innovations by 0.8% during the fourth quarter. Osaic Holdings Inc. now owns 24,447 shares of the company’s stock valued at $1,223,000 after acquiring an additional 198 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Fortune Brands Innovations by 1.2% in the 4th quarter. Assetmark Inc. now owns 17,728 shares of the company’s stock worth $887,000 after acquiring an additional 208 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Fortune Brands Innovations by 3.0% in the 4th quarter. TD Private Client Wealth LLC now owns 7,308 shares of the company’s stock worth $366,000 after acquiring an additional 213 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Fortune Brands Innovations by 30.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,108 shares of the company’s stock worth $57,000 after purchasing an additional 256 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Fortune Brands Innovations by 31.8% during the 1st quarter. Parallel Advisors LLC now owns 1,247 shares of the company’s stock worth $49,000 after purchasing an additional 301 shares during the period. 87.60% of the stock is owned by hedge funds and other institutional investors.

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.