Ceredex Value Advisors LLC Has $9.62 Million Holdings in Fortune Brands Innovations, Inc. $FBIN

Ceredex Value Advisors LLC cut its holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 27.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,200 shares of the company’s stock after selling 69,850 shares during the period. Ceredex Value Advisors LLC owned approximately 0.15% of Fortune Brands Innovations worth $9,621,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC bought a new stake in shares of Fortune Brands Innovations during the 2nd quarter worth about $26,000. Hilltop National Bank acquired a new position in shares of Fortune Brands Innovations during the 3rd quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its stake in shares of Fortune Brands Innovations by 158.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after acquiring an additional 323 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in Fortune Brands Innovations in the 2nd quarter worth approximately $34,000. Finally, Covestor Ltd lifted its holdings in Fortune Brands Innovations by 557.5% in the 3rd quarter. Covestor Ltd now owns 881 shares of the company’s stock worth $47,000 after purchasing an additional 747 shares during the last quarter. 87.60% of the stock is currently owned by institutional investors.

Fortune Brands Innovations Trading Down 0.6%

Shares of Fortune Brands Innovations stock opened at $45.32 on Wednesday. The company’s fifty day moving average price is $55.51 and its two-hundred day moving average price is $53.46. The firm has a market capitalization of $5.44 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.94 and a beta of 1.41. Fortune Brands Innovations, Inc. has a 52-week low of $43.71 and a 52-week high of $64.84. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.84 and a quick ratio of 0.89.

Fortune Brands Innovations (NYSE:FBIN) last issued its earnings results 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 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%. Fortune Brands Innovations’s revenue was down 2.4% on a year-over-year basis. During the same quarter 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. On average, analysts expect that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current year.

Fortune Brands Innovations Increases Dividend

The business also recently disclosed 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. 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 dividend on an annualized basis and a yield of 2.3%. Fortune Brands Innovations’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analyst Weigh In

Several brokerages have commented on FBIN. Zelman & Associates downgraded Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a report on Friday, February 13th. Barclays cut shares of Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $68.00 to $55.00 in a research note on Friday, February 13th. The Goldman Sachs Group decreased their price objective on shares of Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. BMO Capital Markets lowered 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. Finally, UBS Group reissued a “buy” rating and set a $70.00 target price 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Fortune Brands Innovations has an average rating of “Hold” and an average target price of $60.00.

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.