UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN – Free Report) by 8.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,214,374 shares of the company’s stock after buying an additional 94,044 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.02% of Fortune Brands Innovations worth $66,669,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Danske Bank A S bought a new position in Fortune Brands Innovations in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC raised its stake in shares of Fortune Brands Innovations by 158.3% during the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock worth $27,000 after acquiring an additional 323 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in Fortune Brands Innovations by 1,275.0% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company’s stock worth $28,000 after purchasing an additional 510 shares during the period. EFG International AG purchased a new position in shares of Fortune Brands Innovations in the second quarter worth about $32,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Fortune Brands Innovations in the 3rd quarter worth approximately $31,000. Institutional investors own 87.60% of the company’s stock.
Insider Buying and Selling at Fortune Brands Innovations
In other news, CEO Jesse G. Singh bought 19,725 shares of Fortune Brands Innovations stock in a transaction dated Thursday, August 6th. The shares were purchased at an average cost of $51.66 per share, with a total value of $1,018,993.50. Following the completion of the acquisition, the chief executive officer owned 19,725 shares of the company’s stock, valued at $1,018,993.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward P. Garden purchased 320,067 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were purchased at an average cost of $40.60 per share, with a total value of $12,994,720.20. Following the completion of the purchase, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 359,352 shares of company stock worth $15,009,905 in the last three months. Insiders own 3.32% of the company’s stock.
Fortune Brands Innovations Stock Up 0.4%
Fortune Brands Innovations (NYSE:FBIN – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.55. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $1.00 earnings per share. Fortune Brands Innovations’s quarterly 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. As a group, equities analysts forecast that Fortune Brands Innovations, Inc. will post 3.33 EPS for the current year.
Fortune Brands Innovations Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be issued a $0.26 dividend. 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 payout ratio is currently 84.55%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on FBIN. The Goldman Sachs Group restated a “buy” rating and issued a $68.00 price objective on shares of Fortune Brands Innovations in a research report on Wednesday, August 5th. JPMorgan Chase & Co. decreased 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. UBS Group lifted their target price on shares of Fortune Brands Innovations from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Truist Financial raised Fortune Brands Innovations from a “hold” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $70.00 in a research report on Tuesday, June 30th. Finally, DA Davidson assumed coverage on shares of Fortune Brands Innovations in a report on Monday, August 24th. They issued a “buy” rating and a $64.00 price objective for the company. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $55.71.
Get Our Latest Stock Report on Fortune Brands Innovations
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.
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