Bell Asset Management Ltd Purchases Shares of 64,473 Fortune Brands Innovations, Inc. $FBIN

Bell Asset Management Ltd purchased a new position in Fortune Brands Innovations, Inc. (NYSE:FBIN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 64,473 shares of the company’s stock, valued at approximately $3,442,000.

Other hedge funds also recently bought and sold shares of the company. Fieldview Capital Management LLC bought a new position in shares of Fortune Brands Innovations in the 3rd quarter valued at about $510,000. Swiss National Bank increased its stake in Fortune Brands Innovations by 0.8% during the third quarter. Swiss National Bank now owns 233,200 shares of the company’s stock worth $12,451,000 after acquiring an additional 1,900 shares during the last quarter. Inceptionr LLC bought a new stake in Fortune Brands Innovations during the third quarter worth approximately $371,000. Parallel Advisors LLC raised its position in Fortune Brands Innovations by 33.0% during the third quarter. Parallel Advisors LLC now owns 1,977 shares of the company’s stock valued at $106,000 after purchasing an additional 491 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of Fortune Brands Innovations by 280.6% in the 3rd quarter. Natixis Advisors LLC now owns 190,139 shares of the company’s stock valued at $10,151,000 after purchasing an additional 140,180 shares during the last quarter. Hedge funds and other institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Trading Down 5.1%

FBIN opened at $45.73 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.89 and a current ratio of 1.84. The stock’s 50 day moving average price is $55.72 and its 200-day moving average price is $53.66. Fortune Brands Innovations, Inc. has a one year low of $44.04 and a one year high of $65.75. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 1.94 and a beta of 1.41.

Fortune Brands Innovations (NYSE:FBIN) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.14). Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business posted $0.98 earnings per share. Fortune Brands Innovations’s revenue was down 2.4% on a year-over-year basis. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. On average, equities analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current year.

Fortune Brands Innovations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Friday, February 20th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.3%. This is a positive change from Fortune Brands Innovations’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 20th. Fortune Brands Innovations’s dividend payout ratio is 42.11%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FBIN shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $61.00 target price on shares of Fortune Brands Innovations in a report on Friday, February 13th. Zelman & Associates lowered Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a report on Friday, February 13th. Wolfe Research set a $64.00 price target on Fortune Brands Innovations in a research report on Friday, February 13th. BMO Capital Markets dropped their price objective on shares of Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating for the company in a research note on Tuesday, February 17th. Finally, Robert W. Baird set a $55.00 price objective on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.00.

Fortune Brands Innovations 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.