Man Group plc Takes Position in Fortune Brands Innovations, Inc. $FBIN

Man Group plc acquired a new stake in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,161 shares of the company’s stock, valued at approximately $2,095,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Danske Bank A S bought a new position in Fortune Brands Innovations during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings 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 worth $27,000 after acquiring an additional 323 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Fortune Brands Innovations by 1,275.0% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company’s stock worth $28,000 after acquiring an additional 510 shares during the last quarter. EFG International AG purchased a new stake in shares of Fortune Brands Innovations in the 2nd quarter valued at $32,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Fortune Brands Innovations during the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 87.60% of the company’s stock.

Insider Buying and Selling

In other Fortune Brands Innovations news, CEO Jesse G. Singh bought 19,560 shares of Fortune Brands Innovations stock in a transaction dated Friday, August 7th. The shares were purchased at an average cost of $50.93 per share, with a total value of $996,190.80. Following the completion of the purchase, the chief executive officer owned 39,285 shares of the company’s stock, valued at approximately $2,000,785.05. This represents a 99.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward P. Garden bought 320,067 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average price of $40.60 per share, with a total value of $12,994,720.20. Following the acquisition, the director owned 3,940,234 shares of the company’s stock, valued at $159,973,500.40. This represents a 8.84% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 359,352 shares of company stock worth $15,009,905. Corporate insiders own 3.32% of the company’s stock.

Fortune Brands Innovations Stock Performance

Shares of NYSE:FBIN opened at $42.73 on Wednesday. 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 has a 50-day moving average price of $49.17 and a 200-day moving average price of $44.66. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 3.74 and a beta of 1.30. Fortune Brands Innovations, Inc. has a 12 month low of $32.34 and a 12 month high of $64.84.

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

Fortune Brands Innovations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, August 21st. Fortune Brands Innovations’s dividend payout ratio (DPR) is currently 84.55%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Royal Bank Of Canada lifted their target price on shares of Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. BMO Capital Markets raised their price objective on Fortune Brands Innovations from $50.00 to $53.00 and gave the company a “market perform” rating in a research note on Tuesday, July 28th. Zacks Research upgraded Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. DA Davidson initiated coverage on Fortune Brands Innovations in a research note on Monday, August 24th. They issued a “buy” rating and a $64.00 target price for the company. Finally, UBS Group increased their target price on Fortune Brands Innovations from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Fortune Brands Innovations has a consensus rating of “Hold” and an average price target 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.