33,050 Shares in Fortune Brands Innovations, Inc. $FBIN Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 33,050 shares of the company’s stock, valued at approximately $1,814,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Fortune Brands Innovations in the second quarter valued at about $1,062,255,000. Pictet Asset Management Holding SA boosted its holdings in shares of Fortune Brands Innovations by 74.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 7,798,078 shares of the company’s stock worth $303,757,000 after buying an additional 3,317,232 shares during the period. Orbis Allan Gray Ltd boosted its holdings 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 worth $363,760,000 after buying an additional 6,213,274 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Fortune Brands Innovations by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,064,086 shares of the company’s stock worth $158,362,000 after buying an additional 271,371 shares during the period. Finally, Garden Investment Management L.P. acquired a new position in Fortune Brands Innovations in the 1st quarter valued at about $137,471,000. 87.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FBIN has been the topic of several research analyst reports. Royal Bank Of Canada increased their price target on shares of Fortune Brands Innovations from $50.00 to $57.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Barclays decreased their target price on Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 5th. DA Davidson started coverage on Fortune Brands Innovations in a research note on Monday, August 24th. They set a “buy” rating and a $64.00 target price on the stock. Wells Fargo & Company started coverage on Fortune Brands Innovations in a research note on Monday, August 24th. They issued an “overweight” rating and a $52.00 price target for the company. Finally, Evercore set a $56.00 price objective on Fortune Brands Innovations in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $55.71.

Fortune Brands Innovations Stock Performance

NYSE FBIN opened at $43.10 on Monday. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $5.14 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.91 and a beta of 1.30. Fortune Brands Innovations, Inc. has a 12-month low of $32.34 and a 12-month high of $64.84. The firm has a 50-day moving average price of $49.01 and a two-hundred day moving average price of $44.41.

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, topping analysts’ consensus estimates of $0.80 by $0.55. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s revenue was down 4.1% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Analysts anticipate that Fortune Brands Innovations, Inc. will post 3.33 earnings per share 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. Investors of record on Friday, August 21st will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.04 dividend on an annualized basis and a yield of 2.4%. Fortune Brands Innovations’s dividend payout ratio is currently 84.55%.

Insider Buying and Selling

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

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.