Vulcan Value Partners LLC Decreases Stock Position in Fortune Brands Innovations, Inc. $FBIN

Vulcan Value Partners LLC cut its position in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 7.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 299,028 shares of the company’s stock after selling 25,664 shares during the quarter. Vulcan Value Partners LLC’s holdings in Fortune Brands Innovations were worth $15,965,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS grew its stake in shares of Fortune Brands Innovations by 0.8% during the third quarter. KLP Kapitalforvaltning AS now owns 25,100 shares of the company’s stock valued at $1,340,000 after acquiring an additional 200 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Fortune Brands Innovations by 9.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,294 shares of the company’s stock valued at $122,000 after purchasing an additional 206 shares in the last quarter. UMB Bank n.a. grew its position in shares of Fortune Brands Innovations by 8.3% during the third quarter. UMB Bank n.a. now owns 2,794 shares of the company’s stock worth $149,000 after buying an additional 215 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Fortune Brands Innovations by 1.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 21,341 shares of the company’s stock valued at $1,139,000 after acquiring an additional 219 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Fortune Brands Innovations by 11.3% during the 3rd quarter. Fifth Third Bancorp now owns 2,166 shares of the company’s stock valued at $116,000 after acquiring an additional 220 shares during the last quarter. Institutional investors and hedge funds own 87.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FBIN shares. Zelman & Associates lowered shares of Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortune Brands Innovations in a report on Monday, December 29th. Robert W. Baird set a $55.00 price objective on Fortune Brands Innovations in a research note on Friday, February 13th. BMO Capital Markets reduced 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 research report on Tuesday, February 17th. Finally, Zacks Research lowered shares of Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $60.00.

Fortune Brands Innovations Stock Performance

Shares of NYSE FBIN opened at $54.35 on Monday. Fortune Brands Innovations, Inc. has a 12-month low of $44.04 and a 12-month high of $67.43. The company has a current ratio of 1.84, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07. The company has a market cap of $6.53 billion, a PE ratio of 22.00, a P/E/G ratio of 3.33 and a beta of 1.41. The stock has a 50 day simple moving average of $55.52 and a 200-day simple moving average of $54.06.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.14). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.14 billion. Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. On average, equities research analysts forecast 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. Stockholders of record on Friday, February 20th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.9%. This is a boost from Fortune Brands Innovations’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 20th. Fortune Brands Innovations’s payout ratio is 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.