27,200 Shares in Fortune Brands Innovations, Inc. $FBIN Bought by Commerce Bank

Commerce Bank acquired a new stake in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,200 shares of the company’s stock, valued at approximately $1,493,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Osaic Holdings Inc. lifted its position in shares of Fortune Brands Innovations by 0.8% during the fourth quarter. Osaic Holdings Inc. now owns 24,447 shares of the company’s stock valued at $1,223,000 after buying an additional 198 shares during the last quarter. TD Private Client Wealth LLC lifted its position in Fortune Brands Innovations by 3.0% during the fourth quarter. TD Private Client Wealth LLC now owns 7,308 shares of the company’s stock valued at $366,000 after acquiring an additional 213 shares during the last quarter. Geneos Wealth Management Inc. lifted 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 valued at $57,000 after acquiring an additional 256 shares during the last quarter. Parallel Advisors LLC boosted its stake in Fortune Brands Innovations by 31.8% in the first 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. grew its holdings in 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 purchasing an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Price Performance

NYSE:FBIN opened at $45.74 on Wednesday. The stock has a market capitalization of $5.46 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 3.80 and a beta of 1.31. Fortune Brands Innovations, Inc. has a 52 week low of $32.34 and a 52 week high of $64.84. The stock’s 50-day moving average price is $48.83 and its 200-day moving average price is $45.27. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11.

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. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The business’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS. 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 3.32 EPS for the current fiscal year.

Fortune Brands Innovations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 21st. Fortune Brands Innovations’s payout ratio is presently 84.55%.

Analyst Upgrades and Downgrades

A number of research firms have commented on FBIN. BMO Capital Markets increased their price target on Fortune Brands Innovations from $50.00 to $53.00 and gave the company a “market perform” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group restated a “buy” rating and set a $68.00 price target on shares of Fortune Brands Innovations in a research note on Wednesday, August 5th. Truist Financial upgraded shares of Fortune Brands Innovations from a “hold” rating to a “buy” rating and upped their price objective for the company from $45.00 to $70.00 in a report on Tuesday, June 30th. UBS Group lifted their target price on shares of Fortune Brands Innovations from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $55.71.

Insider Activity

In other news, CEO Jesse G. Singh bought 19,560 shares of Fortune Brands Innovations stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $50.93 per share, with a total value 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. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward P. Garden bought 320,067 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was purchased at an average price of $40.60 per share, for a total transaction of $12,994,720.20. Following the transaction, the director owned 3,940,234 shares of the company’s stock, valued at approximately $159,973,500.40. This represents a 8.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 359,352 shares of company stock worth $15,009,905. 3.32% of the stock is currently owned by insiders.

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.