BMO Capital Markets Lowers Fortune Brands Innovations (NYSE:FBIN) Price Target to $56.00

Fortune Brands Innovations (NYSE:FBIN) had its price objective dropped by equities research analysts at BMO Capital Markets from $62.00 to $56.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 9.27% from the company’s previous close.

FBIN has been the subject of a number of other reports. Wolfe Research set a $64.00 price target on Fortune Brands Innovations in a research note on Friday. Zelman & Associates lowered Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $61.00 price objective on shares of Fortune Brands Innovations in a research note on Friday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortune Brands Innovations in a report on Monday, December 29th. Finally, Evercore reaffirmed an “outperform” rating on shares of Fortune Brands Innovations in a research report on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Fortune Brands Innovations has an average rating of “Hold” and a consensus price target of $59.91.

Fortune Brands Innovations Stock Performance

Shares of FBIN stock opened at $51.25 on Tuesday. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 4.99 and a beta of 1.41. The company’s 50-day simple moving average is $55.31 and its 200-day simple moving average is $54.13. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.89 and a current ratio of 1.84. Fortune Brands Innovations has a one year low of $44.04 and a one year high of $69.32.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Fortune Brands Innovations by 16.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,792,715 shares of the company’s stock worth $189,717,000 after buying an additional 541,633 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Fortune Brands Innovations by 20.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,236,159 shares of the company’s stock worth $161,873,000 after acquiring an additional 544,332 shares during the period. Amundi raised its position in shares of Fortune Brands Innovations by 15.2% during the 3rd quarter. Amundi now owns 2,879,208 shares of the company’s stock valued at $152,263,000 after acquiring an additional 380,275 shares during the last quarter. First Pacific Advisors LP lifted its stake in shares of Fortune Brands Innovations by 152.2% in the 2nd quarter. First Pacific Advisors LP now owns 1,998,397 shares of the company’s stock valued at $102,877,000 after purchasing an additional 1,205,880 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in shares of Fortune Brands Innovations in the 2nd quarter worth $87,611,000. Institutional investors own 87.60% 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.