Fortune Brands Innovations (NYSE:FBIN) Raised to “Strong-Buy” at Wells Fargo & Company

Fortune Brands Innovations (NYSE:FBIN) was upgraded by research analysts at Wells Fargo & Company to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other research analysts have also commented on FBIN. UBS Group lifted their target price on Fortune Brands Innovations from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Barclays cut their target price on 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. DA Davidson set a $64.00 price objective on Fortune Brands Innovations in a report on Monday. Weiss Ratings raised Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $68.00 price target on shares of Fortune Brands Innovations in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Fortune Brands Innovations presently has an average rating of “Hold” and an average target price of $55.71.

Fortune Brands Innovations Price Performance

Shares of NYSE FBIN opened at $44.96 on Monday. Fortune Brands Innovations has a fifty-two week low of $32.34 and a fifty-two week high of $64.84. The business has a 50 day moving average price of $48.77 and a two-hundred day moving average price of $45.38. 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 firm has a market cap of $5.37 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 3.77 and a beta of 1.31.

Fortune Brands Innovations (NYSE:FBIN) last announced its earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company posted $1.00 EPS. Fortune Brands Innovations’s quarterly revenue was down 4.1% on a year-over-year basis. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Sell-side analysts expect that Fortune Brands Innovations will post 3.32 earnings per share for the current fiscal year.

Insider Transactions at Fortune Brands Innovations

In related news, CEO Jesse G. Singh acquired 19,725 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 19,725 shares of the company’s stock, valued at approximately $1,018,993.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Edward P. Garden acquired 320,067 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was bought at an average price of $40.60 per share, for a total transaction of $12,994,720.20. Following the purchase, the director owned 3,940,234 shares in the company, valued at approximately $159,973,500.40. This trade represents a 8.84% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 359,352 shares of company stock worth $15,009,905 in the last quarter. 3.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fortune Brands Innovations

Several institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. increased its stake in shares of Fortune Brands Innovations by 0.8% in the fourth quarter. Osaic Holdings Inc. now owns 24,447 shares of the company’s stock worth $1,223,000 after acquiring an additional 198 shares during the last quarter. TD Private Client Wealth LLC grew its position in Fortune Brands Innovations by 3.0% in the fourth 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 in the last quarter. Geneos Wealth Management Inc. increased its position in Fortune Brands Innovations by 30.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,108 shares of the company’s stock worth $57,000 after buying an additional 256 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Fortune Brands Innovations by 31.8% in the 1st quarter. Parallel Advisors LLC now owns 1,247 shares of the company’s stock valued at $49,000 after acquiring an additional 301 shares in the last quarter. Finally, IMA Advisory Services Inc. lifted its stake in shares of Fortune Brands Innovations by 3.3% in the first quarter. IMA Advisory Services Inc. now owns 9,713 shares of the company’s stock worth $379,000 after buying an additional 306 shares during the last quarter. 87.60% of the stock is currently 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.