Tributary Capital Management LLC Grows Stock Position in Fortune Brands Innovations, Inc. $FBIN

Tributary Capital Management LLC raised its position in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 97.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,108 shares of the company’s stock after acquiring an additional 13,363 shares during the quarter. Tributary Capital Management LLC’s holdings in Fortune Brands Innovations were worth $1,447,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Elevation Point Wealth Partners LLC purchased a new position in shares of Fortune Brands Innovations in the second quarter valued at $26,000. Hilltop National Bank acquired a new position in Fortune Brands Innovations in the 3rd quarter worth $26,000. EverSource Wealth Advisors LLC lifted its holdings in Fortune Brands Innovations by 158.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock worth $27,000 after buying an additional 323 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position 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 buying an additional 293 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. acquired a new stake in shares of Fortune Brands Innovations during the second quarter valued at about $34,000. 87.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on FBIN. UBS Group cut their price target on Fortune Brands Innovations from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Royal Bank Of Canada dropped their price objective on Fortune Brands Innovations from $65.00 to $63.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortune Brands Innovations in a research report on Monday, December 29th. Evercore ISI reiterated an “outperform” rating on shares of Fortune Brands Innovations in a research note on Friday, October 31st. Finally, Barclays decreased their price target on shares of Fortune Brands Innovations from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.20.

Fortune Brands Innovations Trading Down 2.5%

NYSE:FBIN opened at $51.98 on Thursday. The company has a market cap of $6.24 billion, a PE ratio of 19.40, a P/E/G ratio of 3.63 and a beta of 1.40. The business’s 50 day moving average is $50.09 and its two-hundred day moving average is $53.19. The company has a quick ratio of 0.94, a current ratio of 1.95 and a debt-to-equity ratio of 1.12. Fortune Brands Innovations, Inc. has a 52 week low of $44.04 and a 52 week high of $75.82.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.01). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. Fortune Brands Innovations had a net margin of 7.30% and a return on equity of 19.28%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share. Fortune Brands Innovations has set its FY 2025 guidance at 3.700-3.800 EPS. On average, analysts predict that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current year.

Fortune Brands Innovations Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Friday, February 20th will be given a $0.26 dividend. 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. This is an increase from Fortune Brands Innovations’s previous quarterly dividend of $0.25. Fortune Brands Innovations’s payout ratio is 37.31%.

Fortune Brands Innovations 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.