Brokerages Set Fortune Brands Innovations, Inc. (NYSE:FBIN) PT at $60.30

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) have been assigned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $60.00.

A number of brokerages have recently weighed in on FBIN. Evercore reissued an “outperform” rating on shares of Fortune Brands Innovations in a report on Friday, October 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $61.00 price target on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Wolfe Research set a $64.00 target price on Fortune Brands Innovations in a report on Friday, February 13th. BMO Capital Markets dropped their target price on Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortune Brands Innovations in a report on Monday, December 29th.

Institutional Trading of Fortune Brands Innovations

A number of hedge funds have recently modified their holdings of FBIN. Royal Bank of Canada boosted its position in Fortune Brands Innovations by 0.8% in the 1st quarter. Royal Bank of Canada now owns 41,713 shares of the company’s stock worth $2,539,000 after purchasing an additional 324 shares in the last quarter. Empowered Funds LLC boosted its holdings in Fortune Brands Innovations by 20.5% during the first quarter. Empowered Funds LLC now owns 10,335 shares of the company’s stock worth $629,000 after buying an additional 1,761 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Fortune Brands Innovations by 83.6% during the first quarter. Geneos Wealth Management Inc. now owns 852 shares of the company’s stock worth $52,000 after buying an additional 388 shares in the last quarter. Stephens Inc. AR raised its position in shares of Fortune Brands Innovations by 6.5% in the second quarter. Stephens Inc. AR now owns 4,530 shares of the company’s stock worth $233,000 after acquiring an additional 275 shares during the period. Finally, Forum Financial Management LP boosted its stake in shares of Fortune Brands Innovations by 41.4% during the 2nd quarter. Forum Financial Management LP now owns 4,672 shares of the company’s stock worth $241,000 after acquiring an additional 1,369 shares in the last quarter. Hedge funds and other institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Trading Up 2.4%

Fortune Brands Innovations stock opened at $53.81 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 has a market cap of $6.46 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 3.13 and a beta of 1.41. The stock has a 50-day moving average of $55.44 and a two-hundred day moving average of $54.11. Fortune Brands Innovations has a one year low of $44.04 and a one year high of $67.99.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.14). The company had revenue of $1.08 billion for 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 business’s revenue was down 2.4% compared to the same quarter last year. 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. On average, research analysts anticipate that Fortune Brands Innovations will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Increases Dividend

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

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.