Insider Buying: Fortune Brands Innovations (NYSE:FBIN) CEO Buys $1,018,993.50 in Stock

Fortune Brands Innovations, Inc. (NYSE:FBIN) CEO Jesse Singh purchased 19,725 shares of the stock in a transaction on Thursday, August 6th. The shares were purchased at an average cost of $51.66 per share, with a total value of $1,018,993.50. Following the transaction, the chief executive officer owned 19,725 shares in the company, valued at $1,018,993.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Fortune Brands Innovations Stock Down 2.3%

Fortune Brands Innovations stock opened at $48.85 on Thursday. The business’s 50-day simple moving average is $47.96 and its two-hundred day simple moving average is $45.91. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 2.01. The company has a market cap of $5.83 billion, a PE ratio of 39.72, a PEG ratio of 1.81 and a beta of 1.31. Fortune Brands Innovations, Inc. has a fifty-two week low of $32.34 and a fifty-two week high of $64.84.

Fortune Brands Innovations (NYSE:FBIN) last announced its quarterly earnings data 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. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Equities analysts anticipate that Fortune Brands Innovations, Inc. will post 3.37 EPS for the current year.

Fortune Brands Innovations Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 21st. Fortune Brands Innovations’s payout ratio is presently 84.55%.

Wall Street Analysts Forecast Growth

FBIN has been the subject of several recent research reports. BMO Capital Markets raised their target price on shares of Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a “market perform” rating in a report on Tuesday, July 28th. Truist Financial raised Fortune Brands Innovations from a “hold” rating to a “buy” rating and increased their price target for the stock from $45.00 to $70.00 in a research report on Tuesday, June 30th. Royal Bank Of Canada lifted their price objective on Fortune Brands Innovations from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Robert W. Baird set a $44.00 price target on Fortune Brands Innovations in a report on Friday, May 8th. Finally, 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 research note on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $55.33.

Hedge Funds Weigh In On Fortune Brands Innovations

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Fortune Brands Innovations during the 2nd quarter valued at about $1,062,255,000. Pictet Asset Management Holding SA lifted its stake in shares of Fortune Brands Innovations by 74.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 7,798,078 shares of the company’s stock valued at $303,757,000 after purchasing an additional 3,317,232 shares during the last quarter. Orbis Allan Gray Ltd grew its holdings in shares of Fortune Brands Innovations by 586.7% during the 4th quarter. Orbis Allan Gray Ltd now owns 7,272,289 shares of the company’s stock worth $363,760,000 after purchasing an additional 6,213,274 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Fortune Brands Innovations by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,064,086 shares of the company’s stock worth $158,362,000 after purchasing an additional 271,371 shares during the period. Finally, Garden Investment Management L.P. acquired a new stake in shares of Fortune Brands Innovations during the 1st quarter worth about $137,471,000. Institutional investors and hedge funds own 87.60% of the company’s stock.

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.