Syon Capital LLC Invests $663,000 in Fortune Brands Innovations, Inc. $FBIN

Syon Capital LLC purchased a new stake in shares of Fortune Brands Innovations, Inc. (NYSE:FBINFree Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 12,083 shares of the company’s stock, valued at approximately $663,000.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Fortune Brands Innovations by 158.3% in the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock worth $27,000 after buying an additional 323 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Fortune Brands Innovations by 1,275.0% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company’s stock valued at $28,000 after acquiring an additional 510 shares during the last quarter. EFG International AG bought a new stake in Fortune Brands Innovations in the second quarter worth approximately $32,000. Measured Wealth Private Client Group LLC bought a new stake in Fortune Brands Innovations in the third quarter worth approximately $31,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Fortune Brands Innovations by 628.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 605 shares of the company’s stock worth $30,000 after purchasing an additional 522 shares during the last quarter. Institutional investors own 87.60% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Jesse G. Singh purchased 19,725 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were bought at an average cost of $51.66 per share, for a total transaction of $1,018,993.50. Following the transaction, the chief executive officer directly owned 19,725 shares of the company’s stock, valued at approximately $1,018,993.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Edward P. Garden acquired 320,067 shares of the company’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 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 359,352 shares of company stock worth $15,009,905 in the last ninety days. 3.32% of the stock is currently owned by insiders.

Fortune Brands Innovations Price Performance

Shares of NYSE:FBIN opened at $43.10 on Tuesday. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 1.91 and a beta of 1.30. The business has a 50 day moving average price of $48.85 and a 200 day moving average price of $44.34. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. Fortune Brands Innovations, Inc. has a twelve month low of $32.34 and a twelve month high of $64.84.

Fortune Brands Innovations (NYSE:FBINGet Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, topping 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 posted $1.00 EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Research analysts predict that Fortune Brands Innovations, Inc. will post 3.33 earnings per share for the current year.

Fortune Brands Innovations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be given a dividend of $0.26 per share. 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 84.55%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FBIN. DA Davidson began coverage on shares of Fortune Brands Innovations in a report on Monday, August 24th. They set a “buy” rating and a $64.00 price target on the stock. Barclays decreased their price objective on shares of Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, August 5th. Weiss Ratings raised shares of Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. UBS Group raised their target price on Fortune Brands Innovations from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Evercore set a $56.00 price target on Fortune Brands Innovations in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Fortune Brands Innovations has a consensus rating of “Hold” and an average price target of $55.71.

Read Our Latest Stock Analysis on Fortune Brands Innovations

About Fortune Brands Innovations

(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.

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Institutional Ownership by Quarter for Fortune Brands Innovations (NYSE:FBIN)

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