PEAK6 LLC Invests $2.56 Million in Fortune Brands Innovations, Inc. $FBIN

Posted by Geri Gentry on Aug 24th, 2026

PEAK6 LLC purchased a new position in Fortune Brands Innovations, Inc. (NYSE:FBIN – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 46,589 shares of the company’s stock, valued at approximately $2,558,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Fortune Brands Innovations during the second quarter worth $1,062,255,000. Pictet Asset Management Holding SA increased its position in shares of Fortune Brands Innovations by 74.0% in the first quarter. Pictet Asset Management Holding SA now owns 7,798,078 shares of the company’s stock valued at $303,757,000 after buying an additional 3,317,232 shares in the last quarter. Orbis Allan Gray Ltd increased its position in shares of Fortune Brands Innovations by 586.7% in the fourth quarter. Orbis Allan Gray Ltd now owns 7,272,289 shares of the company’s stock valued at $363,760,000 after buying an additional 6,213,274 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 last quarter. Finally, Garden Investment Management L.P. acquired a new position in shares of Fortune Brands Innovations during the 1st quarter worth $137,471,000. 87.60% of the stock is owned by hedge funds and other institutional investors.

Fortune Brands Innovations Trading Up 0.2%

Shares of FBIN opened at $44.64 on Monday. Fortune Brands Innovations, Inc. has a fifty-two week low of $32.34 and a fifty-two week high of $64.84. The company has a market capitalization of $5.33 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 3.77 and a beta of 1.31. The stock has a fifty day moving average of $48.73 and a two-hundred day moving average of $45.46. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 2.01.

Fortune Brands Innovations (NYSE:FBIN – Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The business’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. As a group, analysts forecast that Fortune Brands Innovations, Inc. will post 3.32 EPS for the current year.

Fortune Brands Innovations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders 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 yield of 2.3%. The ex-dividend date of this dividend is Friday, August 21st. Fortune Brands Innovations’s dividend payout ratio (DPR) is presently 84.55%.

Analyst Upgrades and Downgrades

FBIN has been the topic of a number of research reports. Zacks Research raised shares of Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings raised shares of Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. lowered their price target on shares of Fortune Brands Innovations from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. BMO Capital Markets lifted their price objective on Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. Finally, Robert W. Baird set a $44.00 target price on Fortune Brands Innovations in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.33.

Get Our Latest Stock Report on Fortune Brands Innovations

Insider Activity

In related news, CEO Jesse G. Singh acquired 19,560 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were acquired at an average cost of $50.93 per share, for a total transaction of $996,190.80. Following the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Edward P. Garden acquired 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, for a total transaction of $12,994,720.20. Following the completion of the acquisition, 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 359,352 shares of company stock valued at $15,009,905 in the last 90 days. 3.32% of the stock is owned by company insiders.

Fortune Brands Innovations Profile

(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.