Fortune Brands Innovations (NYSE:FBIN) CEO Jesse Singh Purchases 19,725 Shares of Stock

Fortune Brands Innovations, Inc. (NYSE:FBIN) CEO Jesse Singh bought 19,725 shares of the stock in a transaction dated Thursday, August 6th. The shares were bought 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 directly owned 19,725 shares of the company’s stock, valued at approximately $1,018,993.50. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Fortune Brands Innovations Stock Performance

Fortune Brands Innovations stock traded down $2.69 during midday trading on Monday, reaching $48.09. 2,829,964 shares of the stock traded hands, compared to its average volume of 2,769,856. The firm has a fifty day moving average price of $47.36 and a two-hundred day moving average price of $46.15. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 1.87 and a beta of 1.31. Fortune Brands Innovations, Inc. has a fifty-two week low of $32.34 and a fifty-two week high of $64.84.

Fortune Brands Innovations (NYSE:FBIN) last announced its 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 firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. The firm’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. On average, equities research analysts forecast that Fortune Brands Innovations, Inc. will post 3.32 earnings per share for the current year.

Fortune Brands Innovations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.04 annualized dividend and a dividend yield of 2.2%. Fortune Brands Innovations’s dividend payout ratio (DPR) is currently 84.55%.

Wall Street Analysts Forecast Growth

FBIN has been the topic of a number of recent analyst reports. Weiss Ratings raised Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. BMO Capital Markets boosted their price objective on Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a “market perform” rating in a report on Tuesday, July 28th. Zacks Research upgraded shares of Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. UBS Group raised their price objective on shares of Fortune Brands Innovations from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada lifted their price objective on shares of Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Fortune Brands Innovations currently has an average rating of “Hold” and an average target price of $55.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Fortune Brands Innovations during the 2nd quarter worth about $1,062,255,000. Pictet Asset Management Holding SA increased its holdings in 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 worth $303,757,000 after buying an additional 3,317,232 shares during the last quarter. Orbis Allan Gray Ltd increased its holdings in 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 worth $363,760,000 after buying an additional 6,213,274 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Fortune Brands Innovations by 7.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,064,086 shares of the company’s stock valued at $158,362,000 after acquiring an additional 271,371 shares in the last quarter. Finally, Garden Investment Management L.P. bought a new position in Fortune Brands Innovations during the first quarter valued at approximately $137,471,000. Hedge funds and other institutional investors own 87.60% of the company’s stock.

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.