Handelsbanken Fonder AB Acquires 15,500 Shares of Fortune Brands Innovations, Inc. $FBIN

Handelsbanken Fonder AB lifted its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 59.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,600 shares of the company’s stock after acquiring an additional 15,500 shares during the period. Handelsbanken Fonder AB’s holdings in Fortune Brands Innovations were worth $2,221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FBIN. Elevation Point Wealth Partners LLC acquired a new position in Fortune Brands Innovations during the 2nd quarter valued at about $26,000. Hilltop National Bank bought a new position in shares of Fortune Brands Innovations in the third quarter valued at approximately $26,000. EverSource Wealth Advisors LLC boosted its position in shares of Fortune Brands Innovations by 158.3% during the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after buying an additional 323 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in Fortune Brands Innovations during the second quarter worth $34,000. Finally, Covestor Ltd grew its holdings in Fortune Brands Innovations by 557.5% during the third quarter. Covestor Ltd now owns 881 shares of the company’s stock worth $47,000 after buying an additional 747 shares in the last quarter. Institutional investors and hedge funds own 87.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on FBIN shares. The Goldman Sachs Group dropped their price objective on Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Zacks Research lowered shares of Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. BMO Capital Markets cut their price target on shares of Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating on the stock in a report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortune Brands Innovations in a research note on Monday, December 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $61.00 target price on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Fortune Brands Innovations presently has a consensus rating of “Hold” and a consensus price target of $60.00.

Fortune Brands Innovations Stock Performance

Shares of FBIN stock opened at $50.87 on Thursday. 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 firm has a market cap of $6.10 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 2.19 and a beta of 1.41. Fortune Brands Innovations, Inc. has a 52 week low of $44.04 and a 52 week high of $65.75. The firm’s 50-day simple moving average is $55.90 and its two-hundred day simple moving average is $53.86.

Fortune Brands Innovations (NYSE:FBIN) last released its earnings results on Thursday, February 12th. The company reported $0.86 earnings per share 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 company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The firm’s revenue 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. As a group, equities analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current year.

Fortune Brands Innovations Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Fortune Brands Innovations’s previous quarterly dividend of $0.25. Fortune Brands Innovations’s 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.