Corient Private Wealth LP Makes New Investment in Fortune Brands Innovations, Inc. $FBIN

Corient Private Wealth LP purchased a new stake in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) in the 2nd quarter, HoldingsChannel reports. The fund purchased 230,906 shares of the company’s stock, valued at approximately $12,677,000.

A number of other institutional investors have also modified their holdings of FBIN. Osaic Holdings Inc. grew its position in shares of Fortune Brands Innovations by 0.8% in the 4th quarter. Osaic Holdings Inc. now owns 24,447 shares of the company’s stock worth $1,223,000 after buying an additional 198 shares during the last quarter. TD Private Client Wealth LLC lifted its position in Fortune Brands Innovations by 3.0% during the fourth quarter. TD Private Client Wealth LLC now owns 7,308 shares of the company’s stock valued at $366,000 after acquiring an additional 213 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Fortune Brands Innovations by 30.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,108 shares of the company’s stock valued at $57,000 after acquiring an additional 256 shares during the last quarter. Parallel Advisors LLC boosted its stake in Fortune Brands Innovations by 31.8% in the first quarter. Parallel Advisors LLC now owns 1,247 shares of the company’s stock valued at $49,000 after acquiring an additional 301 shares in the last quarter. Finally, IMA Advisory Services Inc. boosted its stake in Fortune Brands Innovations by 3.3% in the first quarter. IMA Advisory Services Inc. now owns 9,713 shares of the company’s stock valued at $379,000 after acquiring an additional 306 shares in the last quarter. 87.60% of the stock is currently owned by institutional investors.

Fortune Brands Innovations Stock Up 0.5%

NYSE:FBIN opened at $45.54 on Friday. The company has a market cap of $5.44 billion, a PE ratio of 37.02, a P/E/G ratio of 3.84 and a beta of 1.31. Fortune Brands Innovations, Inc. has a twelve month low of $32.34 and a twelve month high of $64.84. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11. The company’s 50 day moving average is $49.07 and its two-hundred day moving average is $45.06.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.55. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company posted $1.00 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Analysts anticipate that Fortune Brands Innovations, Inc. will post 3.33 EPS for the current year.

Fortune Brands Innovations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 21st. Fortune Brands Innovations’s dividend payout ratio is presently 84.55%.

Insider Buying and Selling at Fortune Brands Innovations

In other news, CEO Jesse G. Singh bought 19,725 shares of Fortune Brands Innovations stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average price of $51.66 per share, for a total transaction of $1,018,993.50. Following the purchase, the chief executive officer directly owned 19,725 shares of the company’s stock, valued at approximately $1,018,993.50. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Edward P. Garden purchased 320,067 shares of the stock in a transaction on Wednesday, June 10th. The shares were purchased at an average cost of $40.60 per share, with a total value of $12,994,720.20. Following the transaction, the director owned 3,940,234 shares in the company, valued at $159,973,500.40. This trade represents a 8.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 359,352 shares of company stock worth $15,009,905. 3.32% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FBIN shares. Weiss Ratings raised Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Barclays lowered their price objective on Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 5th. Truist Financial upgraded Fortune Brands Innovations from a “hold” rating to a “buy” rating and boosted their target price for the stock from $45.00 to $70.00 in a research note on Tuesday, June 30th. JPMorgan Chase & Co. reduced their target price on Fortune Brands Innovations from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Finally, Wells Fargo & Company assumed coverage on Fortune Brands Innovations in a research note on Monday, August 24th. They issued an “overweight” rating and a $52.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Fortune Brands Innovations has a consensus rating of “Hold” and an average target price of $55.71.

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.