Fortune Brands Innovations, Inc. (NYSE:FBIN) Given Average Rating of “Hold” by Analysts

Fortune Brands Innovations, Inc. (NYSE:FBIN) has been given a consensus recommendation of “Hold” by the eleven research firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $64.20.

Several equities research analysts recently weighed in on FBIN shares. Royal Bank Of Canada dropped their target price on Fortune Brands Innovations from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Barclays dropped their price objective on Fortune Brands Innovations from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Vertical Research initiated coverage on shares of Fortune Brands Innovations in a research note on Tuesday, October 21st. They issued a “hold” rating and a $52.00 target price on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortune Brands Innovations in a report on Monday, December 22nd. Finally, UBS Group dropped their price target on shares of Fortune Brands Innovations from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, October 31st.

Fortune Brands Innovations Price Performance

Shares of NYSE:FBIN opened at $51.33 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.95 and a debt-to-equity ratio of 1.12. The stock has a market cap of $6.17 billion, a PE ratio of 19.15, a PEG ratio of 3.80 and a beta of 1.40. The company’s fifty day moving average is $50.09 and its 200 day moving average is $53.15. Fortune Brands Innovations has a 52 week low of $44.04 and a 52 week high of $75.82.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.01). Fortune Brands Innovations had a net margin of 7.30% and a return on equity of 19.28%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company earned $1.16 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. Fortune Brands Innovations has set its FY 2025 guidance at 3.700-3.800 EPS. Research analysts anticipate that Fortune Brands Innovations will post 4.24 earnings per share for the current year.

Fortune Brands Innovations Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.26 per share. This is an increase from Fortune Brands Innovations’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 20th. Fortune Brands Innovations’s dividend payout ratio (DPR) is currently 37.31%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alpha Omega Wealth Management LLC grew its position in shares of Fortune Brands Innovations by 64.2% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 44,841 shares of the company’s stock worth $2,308,000 after buying an additional 17,526 shares during the last quarter. First Trust Advisors LP lifted its stake in Fortune Brands Innovations by 9.1% in the second quarter. First Trust Advisors LP now owns 1,165,342 shares of the company’s stock worth $59,992,000 after acquiring an additional 97,662 shares during the period. Keeler Thomas Management LLC bought a new stake in Fortune Brands Innovations in the second quarter valued at $920,000. Teacher Retirement System of Texas increased its position in Fortune Brands Innovations by 63.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 29,593 shares of the company’s stock valued at $1,523,000 after purchasing an additional 11,433 shares during the period. Finally, Caxton Associates LLP bought a new position in Fortune Brands Innovations in the 2nd quarter worth $2,717,000. Institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Company Profile

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.