Van ECK Associates Corp Has $3.12 Million Position in Fortune Brands Innovations, Inc. $FBIN

Van ECK Associates Corp lessened its stake in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 36.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,799 shares of the company’s stock after selling 32,904 shares during the quarter. Van ECK Associates Corp’s holdings in Fortune Brands Innovations were worth $3,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Garden Investment Management L.P. acquired a new stake in Fortune Brands Innovations in the first quarter valued at about $137,471,000. Diamond Hill Capital Management Inc. raised its stake in Fortune Brands Innovations by 7.3% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 554,244 shares of the company’s stock worth $27,723,000 after acquiring an additional 37,861 shares in the last quarter. Black Cypress Capital Management LLC raised its stake in Fortune Brands Innovations by 22.6% during the fourth quarter. Black Cypress Capital Management LLC now owns 150,825 shares of the company’s stock worth $7,544,000 after acquiring an additional 27,824 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fortune Brands Innovations by 2,071.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 147,689 shares of the company’s stock worth $7,387,000 after acquiring an additional 140,888 shares during the last quarter. Finally, Vulcan Value Partners LLC boosted its stake in shares of Fortune Brands Innovations by 18.2% in the 4th quarter. Vulcan Value Partners LLC now owns 353,520 shares of the company’s stock valued at $17,683,000 after purchasing an additional 54,492 shares in the last quarter. 87.60% of the stock is currently owned by institutional investors.

Fortune Brands Innovations Price Performance

FBIN stock opened at $42.15 on Friday. The company has a market capitalization of $5.03 billion, a P/E ratio of 34.27, a PEG ratio of 1.90 and a beta of 1.30. The company has a fifty day moving average price of $49.06 and a 200-day moving average price of $44.46. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 2.01. Fortune Brands Innovations, Inc. has a 52-week low of $32.34 and a 52-week high of $64.84.

Fortune Brands Innovations (NYSE:FBIN) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.55. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. Fortune Brands Innovations’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm 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 analysts expect that Fortune Brands Innovations, Inc. will post 3.33 EPS for the current year.

Fortune Brands Innovations Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, August 21st. Fortune Brands Innovations’s payout ratio is 84.55%.

Insider Transactions at Fortune Brands Innovations

In related news, Director Edward P. Garden acquired 320,067 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were bought at an average cost of $40.60 per share, with a total value of $12,994,720.20. Following the completion of the purchase, the director directly owned 3,940,234 shares in the company, valued at $159,973,500.40. The trade was a 8.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jesse G. Singh bought 19,560 shares of Fortune Brands Innovations stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of $50.93 per share, for a total transaction of $996,190.80. Following the completion of the acquisition, the chief executive officer directly owned 39,285 shares of the company’s stock, valued at $2,000,785.05. The trade was a 99.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 359,352 shares of company stock worth $15,009,905 in the last quarter. Corporate insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FBIN shares. Evercore set a $56.00 price objective on shares of Fortune Brands Innovations in a research report on Wednesday, August 5th. Wells Fargo & Company assumed coverage on shares of Fortune Brands Innovations in a report on Monday, August 24th. They set an “overweight” rating and a $52.00 price target for the company. UBS Group raised their price objective on Fortune Brands Innovations from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Robert W. Baird set a $44.00 price objective on Fortune Brands Innovations in a research report on Friday, May 8th. Finally, Barclays lowered their target price on Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Fortune Brands Innovations has an average rating of “Hold” and an average price target of $55.71.

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.