EP Wealth Advisors LLC Acquires Shares of 11,326 Fortune Brands Innovations, Inc. $FBIN

EP Wealth Advisors LLC bought a new position in Fortune Brands Innovations, Inc. (NYSE:FBIN) during the second quarter, HoldingsChannel.com reports. The fund bought 11,326 shares of the company’s stock, valued at approximately $622,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Fortune Brands Innovations during the second quarter valued at $1,062,255,000. Pictet Asset Management Holding SA increased its stake in Fortune Brands Innovations by 74.0% in the 1st 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 period. Orbis Allan Gray Ltd increased its stake in Fortune Brands Innovations by 586.7% in the 4th 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 period. Dimensional Fund Advisors LP lifted its holdings in 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 valued at $158,362,000 after buying an additional 271,371 shares in the last quarter. Finally, Garden Investment Management L.P. bought a new stake in Fortune Brands Innovations during the 1st quarter valued at about $137,471,000. 87.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FBIN shares. Evercore set a $56.00 price objective on shares of Fortune Brands Innovations in a research report on Wednesday, August 5th. UBS Group lifted their price target on shares of Fortune Brands Innovations from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada boosted their price target on Fortune Brands Innovations from $50.00 to $57.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Truist Financial upgraded Fortune Brands Innovations from a “hold” rating to a “buy” rating and boosted their price target for the company from $45.00 to $70.00 in a report on Tuesday, June 30th. Finally, Weiss Ratings raised Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $55.71.

Fortune Brands Innovations Price Performance

Shares of FBIN opened at $44.96 on Tuesday. The company has a 50 day moving average price of $48.77 and a 200-day moving average price of $45.38. Fortune Brands Innovations, Inc. has a fifty-two week low of $32.34 and a fifty-two week high of $64.84. The stock has a market capitalization of $5.37 billion, a PE ratio of 36.55, a PEG ratio of 3.77 and a beta of 1.31. 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) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.55. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. Fortune Brands Innovations’s revenue was down 4.1% compared to the same quarter last year. During the same period last year, the company posted $1.00 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Equities analysts predict that Fortune Brands Innovations, Inc. will post 3.32 earnings per share for the current fiscal year.

Fortune Brands Innovations Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend 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 84.55%.

Insiders Place Their Bets

In related news, Director Edward P. Garden purchased 320,067 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were acquired at an average cost of $40.60 per share, for a total transaction of $12,994,720.20. Following the acquisition, 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jesse G. Singh purchased 19,725 shares of Fortune Brands Innovations stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $51.66 per share, with a total value of $1,018,993.50. Following the completion of the transaction, the chief executive officer owned 19,725 shares in the company, valued at approximately $1,018,993.50. This represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 359,352 shares of company stock worth $15,009,905 over the last quarter. Company insiders own 3.32% 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.