Brokerages Set Fortune Brands Innovations, Inc. (NYSE:FBIN) PT at $55.71

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) have been given a consensus recommendation of “Hold” by the seventeen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $55.7143.

Several analysts have recently weighed in on FBIN shares. Evercore set a $56.00 target price on Fortune Brands Innovations in a research note on Wednesday, August 5th. BMO Capital Markets boosted their price target on Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 28th. Truist Financial raised Fortune Brands Innovations from a “hold” rating to a “buy” rating and increased their price target for the company from $45.00 to $70.00 in a report on Tuesday, June 30th. Royal Bank Of Canada raised their price objective on Fortune Brands Innovations from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $68.00 target price on shares of Fortune Brands Innovations in a research report on Wednesday, August 5th.

Insider Buying and Selling at Fortune Brands Innovations

In related news, Director Edward Garden acquired 320,067 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was bought at an average cost of $40.60 per share, with a total value of $12,994,720.20. Following the acquisition, the director directly owned 3,940,234 shares in the company, valued at approximately $159,973,500.40. The trade was a 8.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jesse Singh bought 19,560 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was bought at an average cost of $50.93 per share, with a total value of $996,190.80. Following the transaction, the chief executive officer directly owned 39,285 shares in the company, valued at approximately $2,000,785.05. The trade was a 99.16% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 359,352 shares of company stock worth $15,009,905 over the last ninety days. 3.32% of the stock is currently owned by corporate insiders.

Institutional Trading of Fortune Brands Innovations

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Fortune Brands Innovations in the 2nd quarter worth approximately $1,062,255,000. California State Teachers Retirement System raised its position in shares of Fortune Brands Innovations by 4,773.0% during the 2nd quarter. California State Teachers Retirement System now owns 6,807,490 shares of the company’s stock valued at $373,731,000 after acquiring an additional 6,667,791 shares in the last quarter. Orbis Allan Gray Ltd raised its position in shares of Fortune Brands Innovations by 586.7% during the 4th quarter. Orbis Allan Gray Ltd now owns 7,272,289 shares of the company’s stock valued at $363,760,000 after acquiring an additional 6,213,274 shares in the last quarter. Garden Investment Management L.P. bought a new position in Fortune Brands Innovations during the first quarter worth $137,471,000. Finally, Pictet Asset Management Holding SA lifted its stake in Fortune Brands Innovations by 74.0% during the first quarter. Pictet Asset Management Holding SA now owns 7,798,078 shares of the company’s stock worth $303,757,000 after purchasing an additional 3,317,232 shares during the last quarter. 87.60% of the stock is owned by institutional investors.

Fortune Brands Innovations Price Performance

Shares of FBIN stock opened at $43.10 on Friday. The firm has a fifty day simple moving average of $49.01 and a 200-day simple moving average of $44.41. The company has a market capitalization of $5.14 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 1.91 and a beta of 1.30. Fortune Brands Innovations has a twelve month low of $32.34 and a twelve month high of $64.84. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.55. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Equities research analysts anticipate that Fortune Brands Innovations will post 3.33 earnings per share for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, August 21st. Fortune Brands Innovations’s payout ratio is 84.55%.

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.