Edward Garden Purchases 320,067 Shares of Fortune Brands Innovations (NYSE:FBIN) Stock

Posted by Francis Steltz on Jun 13th, 2026

Fortune Brands Innovations, Inc. (NYSE:FBIN – Get Free Report) Director Edward Garden purchased 320,067 shares of Fortune Brands Innovations stock in a transaction that occurred on Wednesday, June 10th. The stock was acquired 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 of the company’s stock, valued at $159,973,500.40. The trade was a 8.84% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Fortune Brands Innovations Trading Up 0.6%

Shares of FBIN opened at $43.24 on Friday. The company has a market capitalization of $5.16 billion, a P/E ratio of 19.22, a P/E/G ratio of 2.78 and a beta of 1.37. Fortune Brands Innovations, Inc. has a one year low of $32.34 and a one year high of $64.84. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 2.13. The stock has a 50-day moving average price of $38.96 and a 200 day moving average price of $47.19.

Fortune Brands Innovations (NYSE:FBIN – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. Fortune Brands Innovations had a return on equity of 17.72% and a net margin of 6.12%.Fortune Brands Innovations’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share. Sell-side analysts forecast that Fortune Brands Innovations, Inc. will post 3.13 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, May 22nd. 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 46.22%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Truist Financial reduced their price target on Fortune Brands Innovations from $55.00 to $45.00 and set a “hold” rating for the company in a report on Friday, May 8th. Royal Bank Of Canada reduced their price target on Fortune Brands Innovations from $56.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Robert W. Baird set a $44.00 price target on Fortune Brands Innovations in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortune Brands Innovations in a report on Friday, May 29th. Finally, Zelman & Associates cut Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $51.31.

Read Our Latest Report on Fortune Brands Innovations

Institutional Trading of Fortune Brands Innovations

Several institutional investors and hedge funds have recently bought and sold shares of the company. 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 worth $363,760,000 after purchasing an additional 6,213,274 shares during the period. Garden Investment Management L.P. acquired a new stake in shares of Fortune Brands Innovations during the 1st quarter worth approximately $137,471,000. Pictet Asset Management Holding SA raised its position 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 purchasing an additional 3,317,232 shares during the period. Norges Bank acquired a new stake in shares of Fortune Brands Innovations during the 4th quarter worth approximately $83,796,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Fortune Brands Innovations during the 2nd quarter worth approximately $77,441,000. Institutional investors and hedge funds own 87.60% of the company’s stock.

About Fortune Brands Innovations

(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.