Robeco Schweiz AG Reduces Position in Fortune Brands Innovations, Inc. $FBIN

Robeco Schweiz AG cut its stake in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 665,136 shares of the company’s stock after selling 11,160 shares during the quarter. Robeco Schweiz AG owned about 0.55% of Fortune Brands Innovations worth $35,512,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FBIN. Alpha Omega Wealth Management LLC boosted its position in Fortune Brands Innovations by 64.2% during the second quarter. Alpha Omega Wealth Management LLC now owns 44,841 shares of the company’s stock worth $2,308,000 after purchasing an additional 17,526 shares in the last quarter. First Trust Advisors LP grew its stake in Fortune Brands Innovations by 9.1% in the 2nd quarter. First Trust Advisors LP now owns 1,165,342 shares of the company’s stock valued at $59,992,000 after acquiring an additional 97,662 shares during the last quarter. Keeler Thomas Management LLC purchased a new position in Fortune Brands Innovations during the 2nd quarter valued at about $920,000. Caxton Associates LLP acquired a new position in Fortune Brands Innovations during the second quarter worth about $2,717,000. Finally, Strs Ohio purchased a new stake in shares of Fortune Brands Innovations in the first quarter valued at about $1,055,000. Institutional investors and hedge funds own 87.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on FBIN. Evercore ISI restated an “outperform” rating on shares of Fortune Brands Innovations in a research report on Friday, October 31st. Vertical Research began coverage on Fortune Brands Innovations in a research note on Tuesday, October 21st. They set a “hold” rating and a $52.00 price objective on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of Fortune Brands Innovations in a research note on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of Fortune Brands Innovations in a report on Monday, December 29th. Finally, UBS Group lowered their price target on shares of Fortune Brands Innovations from $83.00 to $79.00 and set a “buy” rating for the company in a report on Friday, October 31st. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.78.

Fortune Brands Innovations Stock Performance

NYSE:FBIN opened at $59.43 on Wednesday. The company has a market cap of $7.14 billion, a P/E ratio of 22.17, a P/E/G ratio of 4.04 and a beta of 1.40. The firm’s 50 day moving average is $50.73 and its two-hundred day moving average is $53.38. Fortune Brands Innovations, Inc. has a fifty-two week low of $44.04 and a fifty-two week high of $75.82. 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 (NYSE:FBIN) last issued its earnings results on Thursday, October 30th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.01). Fortune Brands Innovations had a return on equity of 19.28% and a net margin of 7.30%.The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business posted $1.16 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2025 guidance at 3.700-3.800 EPS. Analysts expect that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current year.

Fortune Brands Innovations Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 20th. This is an increase from Fortune Brands Innovations’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 1.8%. Fortune Brands Innovations’s dividend payout ratio (DPR) is currently 37.31%.

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.