Royal Bank Of Canada Cuts Fortune Brands Innovations (NYSE:FBIN) Price Target to $50.00

Fortune Brands Innovations (NYSE:FBIN) had its price target cut by Royal Bank Of Canada from $56.00 to $50.00 in a research note published on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. Truist Financial reduced their price objective on Fortune Brands Innovations from $55.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday. Zacks Research lowered Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Zelman & Associates lowered Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a research note on Friday, February 13th. The Goldman Sachs Group cut their price target 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. Finally, UBS Group reaffirmed a “buy” rating and set a $70.00 price target on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $52.50.

Fortune Brands Innovations Price Performance

Fortune Brands Innovations stock opened at $37.96 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 2.13. The firm has a market cap of $4.53 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.89 and a beta of 1.40. The business’s fifty day moving average is $42.14 and its two-hundred day moving average is $49.20. Fortune Brands Innovations has a 52 week low of $36.07 and a 52 week high of $64.84.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. Fortune Brands Innovations had a return on equity of 17.72% and a net margin of 6.12%.The business’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Equities research analysts forecast that Fortune Brands Innovations will post 3.34 earnings per share for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.04 annualized dividend and a yield of 2.7%. Fortune Brands Innovations’s dividend payout ratio is presently 46.22%.

Hedge Funds Weigh In On Fortune Brands Innovations

Several hedge funds have recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA lifted its stake in Fortune Brands Innovations by 74.0% in the first quarter. Pictet Asset Management Holding SA now owns 7,798,078 shares of the company’s stock valued at $303,757,000 after buying an additional 3,317,232 shares during the period. Orbis Allan Gray Ltd lifted its stake in Fortune Brands Innovations by 586.7% in the fourth quarter. Orbis Allan Gray Ltd now owns 7,272,289 shares of the company’s stock valued at $363,760,000 after buying an additional 6,213,274 shares during the period. Dimensional Fund Advisors LP lifted its stake in Fortune Brands Innovations by 7.2% in the first quarter. Dimensional Fund Advisors LP now owns 4,064,086 shares of the company’s stock valued at $158,362,000 after buying an additional 271,371 shares during the period. Bank of New York Mellon Corp lifted its stake in Fortune Brands Innovations by 20.2% in the fourth quarter. Bank of New York Mellon Corp now owns 3,236,159 shares of the company’s stock valued at $161,873,000 after buying an additional 544,332 shares during the period. Finally, Amundi lifted its stake in Fortune Brands Innovations by 15.2% in the third quarter. Amundi now owns 2,879,208 shares of the company’s stock valued at $152,263,000 after buying an additional 380,275 shares during the period. Institutional investors and hedge funds own 87.60% of the company’s stock.

Key Headlines Impacting Fortune Brands Innovations

Here are the key news stories impacting Fortune Brands Innovations this week:

• Neutral Sentiment: Fortune Brands reported first-quarter EPS of $0.53 and revenue of $1.01 billion, both in line with Wall Street estimates, which suggests the quarter was solid but not enough to spark a positive surprise.
• Neutral Sentiment: The company said sales grew in brands such as Moen, House of Rohl, and Therma-Tru, but also pointed to “inconsistent execution” and a challenging external environment, which clouds the near-term outlook.
• Positive Sentiment: RBC Capital kept an outperform rating on Fortune Brands Innovations and still sees upside from current levels, even though it lowered its price target from $56 to $50. Benzinga report on RBC price target cut
• Negative Sentiment: Management lowered FY2026 EPS guidance to $3.00-$3.30, below the consensus estimate of $3.35, signaling more caution about profitability for the rest of the year.
• Negative Sentiment: Year-over-year EPS fell from $0.66 to $0.53 and revenue declined 2.1%, reinforcing concerns that growth is slowing.

Fortune Brands Innovations Company 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.