Dimensional Fund Advisors LP Has $173.57 Million Stock Holdings in Fortune Brands Innovations, Inc. $FBIN

Dimensional Fund Advisors LP lifted its position in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 10.5% during the 3rd quarter, Holdings Channel reports. The firm owned 3,251,082 shares of the company’s stock after buying an additional 309,300 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Fortune Brands Innovations were worth $173,572,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FBIN. KLP Kapitalforvaltning AS lifted its holdings in Fortune Brands Innovations by 0.8% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 25,100 shares of the company’s stock valued at $1,340,000 after purchasing an additional 200 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Fortune Brands Innovations by 9.9% during the third quarter. Farther Finance Advisors LLC now owns 2,294 shares of the company’s stock worth $122,000 after buying an additional 206 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Fortune Brands Innovations by 8.3% during the third quarter. UMB Bank n.a. now owns 2,794 shares of the company’s stock worth $149,000 after buying an additional 215 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Fortune Brands Innovations by 1.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 21,341 shares of the company’s stock worth $1,139,000 after buying an additional 219 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Fortune Brands Innovations by 11.3% in the third quarter. Fifth Third Bancorp now owns 2,166 shares of the company’s stock valued at $116,000 after acquiring an additional 220 shares during the last quarter. Institutional investors and hedge funds own 87.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on FBIN shares. Barclays lowered Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $68.00 to $55.00 in a research report on Friday, February 13th. UBS Group reissued a “buy” rating and issued a $70.00 price objective on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Royal Bank Of Canada restated an “outperform” rating and set a $61.00 target price on shares of Fortune Brands Innovations in a report on Friday, February 13th. The Goldman Sachs Group lowered their target price on Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Finally, Wolfe Research set a $64.00 price target on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Fortune Brands Innovations presently has an average rating of “Hold” and a consensus target price of $60.00.

Fortune Brands Innovations Stock Performance

FBIN stock opened at $45.68 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.84 and a quick ratio of 0.89. The company has a 50 day moving average price of $55.62 and a 200 day moving average price of $53.58. Fortune Brands Innovations, Inc. has a fifty-two week low of $43.71 and a fifty-two week high of $65.75. The stock has a market capitalization of $5.48 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.94 and a beta of 1.41.

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

Fortune Brands Innovations Increases Dividend

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

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.