Fortune Brands Innovations (NYSE:FBIN) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Fortune Brands Innovations (NYSE:FBIN) from a hold rating to a strong sell rating in a research note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. UBS Group reiterated a “buy” rating and set a $70.00 price target on shares of Fortune Brands Innovations in a research note on Friday, February 13th. The Goldman Sachs Group decreased their target price on Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday. Barclays downgraded Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $68.00 to $55.00 in a research report on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $61.00 price target on shares of Fortune Brands Innovations in a report on Friday, February 13th. Finally, Zelman & Associates cut Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a research report on Friday, February 13th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.00.

Fortune Brands Innovations Trading Up 0.5%

Fortune Brands Innovations stock opened at $54.35 on Thursday. Fortune Brands Innovations has a 52-week low of $44.04 and a 52-week high of $67.43. The company has a market cap of $6.53 billion, a P/E ratio of 22.00, a P/E/G ratio of 3.32 and a beta of 1.41. The company has a quick ratio of 0.89, a current ratio of 1.84 and a debt-to-equity ratio of 1.07. The business has a 50-day simple moving average of $55.52 and a two-hundred day simple moving average of $54.09.

Fortune Brands Innovations (NYSE:FBIN) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.86 earnings per share 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 the consensus estimate of $1.14 billion. Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.Fortune Brands Innovations’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. Analysts predict that Fortune Brands Innovations will post 4.24 EPS for the current year.

Fortune Brands Innovations Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.26 per share. This is a boost from Fortune Brands Innovations’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, February 20th. Fortune Brands Innovations’s payout ratio is 40.49%.

Hedge Funds Weigh In On Fortune Brands Innovations

A number of hedge funds have recently made changes to their positions in FBIN. Orbis Allan Gray Ltd raised its stake in Fortune Brands Innovations by 586.7% during the 4th quarter. Orbis Allan Gray Ltd now owns 7,272,289 shares of the company’s stock valued at $363,760,000 after purchasing an additional 6,213,274 shares during the period. Dimensional Fund Advisors LP grew its holdings in Fortune Brands Innovations by 16.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,792,715 shares of the company’s stock valued at $189,717,000 after buying an additional 541,633 shares in 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 valued at $161,873,000 after buying an additional 544,332 shares in the last quarter. Amundi raised its position in shares of Fortune Brands Innovations by 15.2% during the third quarter. Amundi now owns 2,879,208 shares of the company’s stock valued at $152,263,000 after buying an additional 380,275 shares during the last quarter. Finally, First Pacific Advisors LP lifted its holdings in shares of Fortune Brands Innovations by 152.2% in the second quarter. First Pacific Advisors LP now owns 1,998,397 shares of the company’s stock worth $102,877,000 after buying an additional 1,205,880 shares in the last quarter. 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.