Fortune Brands Innovations, Inc. (NYSE:FBIN) Receives $55.33 Consensus PT from Brokerages
by Sarita Garza · The Markets DailyShares of Fortune Brands Innovations, Inc. (NYSE:FBIN – Get Free Report) have earned an average recommendation of “Hold” from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $55.3333.
Several research analysts recently issued reports on FBIN shares. Robert W. Baird set a $44.00 price target on shares of Fortune Brands Innovations in a research report on Friday, May 8th. Bank of America dropped their target price on Fortune Brands Innovations from $52.00 to $42.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Royal Bank Of Canada boosted their price target 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. The Goldman Sachs Group reiterated a “buy” rating and issued a $68.00 price target on shares of Fortune Brands Innovations in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. cut their price objective on Fortune Brands Innovations from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, May 15th.
View Our Latest Analysis on Fortune Brands Innovations
Insider Buying and Selling at Fortune Brands Innovations
In other Fortune Brands Innovations news, Director Edward P. Garden bought 320,067 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was bought 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. The trade was a 8.84% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jesse G. Singh acquired 19,560 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average cost of $50.93 per share, with a total value of $996,190.80. Following the completion of the purchase, the chief executive officer owned 39,285 shares of the company’s stock, valued at $2,000,785.05. This trade represents a 99.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 825,652 shares of company stock valued at $30,669,143 over the last three months. Insiders own 3.32% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Danske Bank A S bought a new position in Fortune Brands Innovations during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Fortune Brands Innovations by 158.3% in the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after purchasing an additional 323 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of Fortune Brands Innovations by 1,275.0% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company’s stock worth $28,000 after buying an additional 510 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Fortune Brands Innovations during the fourth quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Fortune Brands Innovations during the third quarter worth about $31,000. Institutional investors and hedge funds own 87.60% of the company’s stock.
Fortune Brands Innovations Stock Down 2.3%
FBIN opened at $48.85 on Monday. The company has a market capitalization of $5.83 billion, a P/E ratio of 39.72, a P/E/G ratio of 1.81 and a beta of 1.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.05. The firm’s fifty day moving average price is $47.96 and its two-hundred day moving average price is $45.91. Fortune Brands Innovations has a fifty-two week low of $32.34 and a fifty-two week high of $64.84.
Fortune Brands Innovations (NYSE:FBIN – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 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 company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm earned $1.00 EPS. The firm’s revenue for the quarter 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. On average, analysts anticipate that Fortune Brands Innovations will post 3.37 EPS for the current year.
Fortune Brands Innovations Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 21st. Fortune Brands Innovations’s dividend 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.
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