Fortune Brands Innovations (NYSE:FBIN) Director Edward Garden Buys 403,000 Shares of Stock

Posted by Francis Steltz on May 21st, 2026

Fortune Brands Innovations, Inc. (NYSE:FBIN – Get Free Report) Director Edward Garden purchased 403,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of $33.40 per share, for a total transaction of $13,460,200.00. Following the purchase, the director owned 3,556,867 shares in the company, valued at $118,799,357.80. This trade represents a 12.78% 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.

Fortune Brands Innovations Price Performance

FBIN opened at $34.98 on Thursday. 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, Inc. has a 12 month low of $32.34 and a 12 month high of $64.84. The company has a fifty day simple moving average of $39.42 and a 200 day simple moving average of $48.24. The stock has a market cap of $4.17 billion, a P/E ratio of 15.55, a P/E/G ratio of 2.15 and a beta of 1.40.

Fortune Brands Innovations (NYSE:FBIN – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Fortune Brands Innovations had a return on equity of 17.72% and a net margin of 6.12%.The company’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. On average, research analysts expect that Fortune Brands Innovations, Inc. will post 3.14 EPS for the current year.

Fortune Brands Innovations Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, May 22nd. Fortune Brands Innovations’s dividend payout ratio is 46.22%.

Analysts Set New Price Targets

A number of research firms recently commented on FBIN. Barclays reduced their price target on Fortune Brands Innovations from $43.00 to $41.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. The Goldman Sachs Group reduced their price objective on Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. JPMorgan Chase & Co. reduced 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. Bank of America reduced their price objective 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. Finally, BMO Capital Markets reduced their price objective on Fortune Brands Innovations from $56.00 to $50.00 and set a “market perform” rating for the company in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Fortune Brands Innovations has an average rating of “Hold” and a consensus price target of $51.31.

Read Our Latest Report on Fortune Brands Innovations

Hedge Funds Weigh In On Fortune Brands Innovations

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its position in shares of Fortune Brands Innovations by 0.8% during the 4th quarter. Osaic Holdings Inc. now owns 24,447 shares of the company’s stock worth $1,223,000 after purchasing an additional 198 shares in the last quarter. Assetmark Inc. boosted its position in shares of Fortune Brands Innovations by 1.2% during the 4th quarter. Assetmark Inc. now owns 17,728 shares of the company’s stock worth $887,000 after purchasing an additional 208 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of Fortune Brands Innovations by 3.0% during the 4th quarter. TD Private Client Wealth LLC now owns 7,308 shares of the company’s stock worth $366,000 after purchasing an additional 213 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Fortune Brands Innovations by 8.3% during the 3rd quarter. UMB Bank n.a. now owns 2,794 shares of the company’s stock worth $149,000 after purchasing an additional 215 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Fortune Brands Innovations by 1.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 21,341 shares of the company’s stock worth $1,139,000 after purchasing an additional 219 shares in the last quarter. Institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Company Profile

(Get Free Report)

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.