Fortune Brands Innovations (NYSE:FBIN) Issues Earnings Results, Beats Estimates By $0.55 EPS

Fortune Brands Innovations (NYSE:FBIN) released its quarterly earnings data on Tuesday. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.55, Zacks reports. Fortune Brands Innovations had a return on equity of 17.72% and a net margin of 6.12%.The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Fortune Brands Innovations updated its FY 2026 guidance to 3.220-3.520 EPS.

Fortune Brands Innovations Stock Performance

FBIN traded up $0.55 during mid-day trading on Tuesday, reaching $52.72. 3,488,803 shares of the company traded hands, compared to its average volume of 2,752,948. The company’s fifty day moving average price is $46.36 and its 200-day moving average price is $46.42. The stock has a market capitalization of $6.29 billion, a P/E ratio of 23.43, a P/E/G ratio of 3.18 and a beta of 1.31. The company has a quick ratio of 1.04, a current ratio of 2.13 and a debt-to-equity ratio of 1.15. Fortune Brands Innovations has a 52-week low of $32.34 and a 52-week high of $64.84.

Fortune Brands Innovations Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, August 21st. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. Fortune Brands Innovations’s payout ratio is currently 46.22%.

Insider Activity

In other news, Director Edward P. Garden acquired 403,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average price of $33.40 per share, with a total value of $13,460,200.00. Following the completion of the acquisition, the director directly owned 3,556,867 shares of the company’s stock, valued at approximately $118,799,357.80. The trade was a 12.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders acquired 786,367 shares of company stock valued at $28,653,958. Company insiders own 3.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Invesco Ltd. boosted its position in Fortune Brands Innovations by 25.4% in the fourth quarter. Invesco Ltd. now owns 277,222 shares of the company’s stock worth $13,867,000 after purchasing an additional 56,099 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Fortune Brands Innovations by 752.5% during the 4th quarter. Corient Private Wealth LLC now owns 174,128 shares of the company’s stock valued at $8,710,000 after purchasing an additional 153,703 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Fortune Brands Innovations by 90.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 24,402 shares of the company’s stock valued at $1,221,000 after purchasing an additional 11,580 shares during the last quarter. Beacon Pointe Advisors LLC lifted its stake in shares of Fortune Brands Innovations by 5.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 8,045 shares of the company’s stock worth $402,000 after purchasing an additional 389 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in shares of Fortune Brands Innovations in the 4th quarter worth approximately $323,000. Institutional investors own 87.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FBIN shares. Zacks Research upgraded Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings cut Fortune Brands Innovations from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group lifted their price objective on Fortune Brands Innovations from $50.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, July 10th. UBS Group decreased their target price on Fortune Brands Innovations from $67.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, Bank of America decreased their target price on Fortune Brands Innovations from $52.00 to $42.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Fortune Brands Innovations currently has a consensus rating of “Hold” and a consensus price target of $54.08.

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.