Insider Buying: Fortune Brands Innovations (NYSE:FBIN) CEO Purchases 19,560 Shares

Fortune Brands Innovations, Inc. (NYSE:FBIN) CEO Jesse Singh bought 19,560 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $50.93 per share, for a total transaction of $996,190.80. Following the transaction, the chief executive officer directly owned 39,285 shares of the company’s stock, valued at approximately $2,000,785.05. This represents a 99.16% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Fortune Brands Innovations Stock Performance

Shares of Fortune Brands Innovations stock traded down $2.69 on Monday, hitting $48.09. The stock had a trading volume of 2,829,964 shares, compared to its average volume of 2,769,856. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 39.10, a P/E/G ratio of 1.87 and a beta of 1.31. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11. Fortune Brands Innovations, Inc. has a 52-week low of $32.34 and a 52-week high of $64.84. The company’s 50 day moving average price is $47.36 and its 200 day moving average price is $46.15.

Fortune Brands Innovations (NYSE:FBIN) last released 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 firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. On average, research analysts anticipate that Fortune Brands Innovations, Inc. will post 3.32 EPS for the current year.

Fortune Brands Innovations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st will be given a dividend of $0.26 per share. The ex-dividend date is Friday, August 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.2%. Fortune Brands Innovations’s dividend payout ratio (DPR) is 84.55%.

Wall Street Analyst Weigh In

Several analysts recently commented on FBIN shares. Evercore set a $56.00 price target on shares of Fortune Brands Innovations in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. UBS Group lifted their price objective on shares of Fortune Brands Innovations from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada upped their target price on shares of Fortune Brands Innovations from $50.00 to $57.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Fortune Brands Innovations from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.33.

Institutional Investors Weigh In On Fortune Brands Innovations

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Fortune Brands Innovations during the 2nd quarter worth approximately $1,062,255,000. Pictet Asset Management Holding SA lifted its holdings in shares of Fortune Brands Innovations by 74.0% in the 1st 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 boosted its stake in shares of 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 in the last quarter. Finally, Garden Investment Management L.P. acquired a new position in Fortune Brands Innovations during the first quarter worth $137,471,000. Hedge funds and other institutional investors own 87.60% of the company’s stock.

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.