Quantbot Technologies LP Sells 258,082 Shares of Fortune Brands Innovations, Inc. $FBIN

Quantbot Technologies LP reduced its position in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 98.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,107 shares of the company’s stock after selling 258,082 shares during the quarter. Quantbot Technologies LP’s holdings in Fortune Brands Innovations were worth $273,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Qube Research & Technologies Ltd purchased a new stake in Fortune Brands Innovations during the second quarter valued at about $87,611,000. Bank of New York Mellon Corp grew its stake in shares of Fortune Brands Innovations by 147.8% during the third quarter. Bank of New York Mellon Corp now owns 2,691,827 shares of the company’s stock valued at $143,717,000 after buying an additional 1,605,453 shares during the last quarter. Norges Bank purchased a new position in shares of Fortune Brands Innovations in the second quarter worth about $78,395,000. Balyasny Asset Management L.P. purchased a new position in shares of Fortune Brands Innovations in the second quarter worth about $77,441,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Fortune Brands Innovations in the 2nd quarter valued at about $41,931,000. 87.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FBIN shares. Robert W. Baird set a $55.00 target price on Fortune Brands Innovations in a report on Friday, February 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $61.00 price target on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Wolfe Research set a $64.00 price objective on Fortune Brands Innovations in a research report on Friday, February 13th. Barclays lowered Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $68.00 to $55.00 in a research note on Friday, February 13th. Finally, BMO Capital Markets decreased their target price on shares of Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Fortune Brands Innovations currently has a consensus rating of “Hold” and an average target price of $60.00.

Fortune Brands Innovations Stock Down 0.6%

NYSE FBIN opened at $45.32 on Wednesday. Fortune Brands Innovations, Inc. has a 1 year low of $43.71 and a 1 year high of $64.84. The stock has a market capitalization of $5.44 billion, a PE ratio of 18.35, a PEG ratio of 1.94 and a beta of 1.41. 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 business’s 50-day moving average is $55.51 and its 200 day moving average is $53.46.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.14). Fortune Brands Innovations had a net margin of 6.70% and a return on equity of 18.54%. 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 previous year, the company earned $0.98 EPS. The company’s revenue for the quarter 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. Sell-side analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 earnings per share 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. Investors 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 dividend yield of 2.3%. The ex-dividend date is Friday, February 20th. Fortune Brands Innovations’s dividend payout ratio is currently 42.11%.

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.