377,938 Shares in Fortune Brands Innovations, Inc. $FBIN Purchased by Jupiter Topco LLC

Jupiter Topco LLC bought a new position in Fortune Brands Innovations, Inc. (NYSE:FBIN) during the second quarter, Holdings Channel reports. The institutional investor bought 377,938 shares of the company’s stock, valued at approximately $20,747,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Danske Bank A S acquired a new stake in shares of Fortune Brands Innovations during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its position in Fortune Brands Innovations by 158.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after purchasing an additional 323 shares during the period. Cary Street Partners Investment Advisory LLC grew its stake in Fortune Brands Innovations by 1,275.0% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company’s stock worth $28,000 after buying an additional 510 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Fortune Brands Innovations in the first quarter worth $30,000. Finally, Brown Brothers Harriman & Co. increased its position in Fortune Brands Innovations by 628.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 605 shares of the company’s stock worth $30,000 after buying an additional 522 shares during the period. 87.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FBIN. Wells Fargo & Company initiated coverage on shares of Fortune Brands Innovations in a report on Monday. They issued an “overweight” rating and a $52.00 price objective on the stock. Weiss Ratings upgraded shares of Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. DA Davidson began coverage on shares of Fortune Brands Innovations in a research note on Monday. They issued a “buy” rating and a $64.00 price target on the stock. Barclays cut their price target on Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 5th. Finally, Evercore set a $56.00 price objective on Fortune Brands Innovations in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $55.71.

Insider Activity

In other Fortune Brands Innovations news, Director Edward P. Garden acquired 320,067 shares of Fortune Brands Innovations stock in a transaction dated Wednesday, June 10th. The stock was bought at an average price of $40.60 per share, for a total transaction of $12,994,720.20. Following the transaction, 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. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jesse G. Singh acquired 19,725 shares of the stock in a transaction dated Thursday, August 6th. The stock was acquired at an average cost of $51.66 per share, for a total transaction of $1,018,993.50. Following the purchase, the chief executive officer directly owned 19,725 shares in the company, valued at approximately $1,018,993.50. The trade was a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 359,352 shares of company stock valued at $15,009,905. Insiders own 3.32% of the company’s stock.

Fortune Brands Innovations Stock Up 0.5%

Fortune Brands Innovations stock opened at $45.54 on Friday. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 3.82 and a beta of 1.31. 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 company’s 50-day moving average price is $49.07 and its two-hundred day moving average price is $45.06. Fortune Brands Innovations, Inc. has a 52 week low of $32.34 and a 52 week high of $64.84.

Fortune Brands Innovations (NYSE:FBIN) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.55. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business posted $1.00 EPS. The business’s revenue for the quarter 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, analysts expect that Fortune Brands Innovations, Inc. will post 3.33 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

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 issued 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 is presently 84.55%.

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.