Robeco Schweiz AG Sells 153,052 Shares of Fortune Brands Innovations, Inc. $FBIN

Robeco Schweiz AG cut its position in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 24.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 477,637 shares of the company’s stock after selling 153,052 shares during the period. Robeco Schweiz AG’s holdings in Fortune Brands Innovations were worth $18,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Curry Webb Wealth Management LLC bought a new position in Fortune Brands Innovations in the 3rd quarter worth $38,000. Nisa Investment Advisors LLC increased its stake in Fortune Brands Innovations by 1.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 34,600 shares of the company’s stock worth $1,317,000 after buying an additional 477 shares in the last quarter. IFP Advisors Inc raised its holdings in Fortune Brands Innovations by 24.4% during the third quarter. IFP Advisors Inc now owns 1,736 shares of the company’s stock valued at $66,000 after acquiring an additional 340 shares during the period. GAMMA Investing LLC raised its holdings in Fortune Brands Innovations by 25.4% during the third quarter. GAMMA Investing LLC now owns 3,302 shares of the company’s stock valued at $126,000 after acquiring an additional 669 shares during the period. Finally, Titleist Asset Management LLC bought a new stake in Fortune Brands Innovations during the third quarter valued at about $249,000. 87.60% of the stock is currently owned by institutional investors.

Fortune Brands Innovations Stock Down 1.7%

Shares of FBIN opened at $43.03 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.05. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 2.12 and a beta of 1.31. Fortune Brands Innovations, Inc. has a 1 year low of $32.34 and a 1 year high of $64.84. The business’s 50 day simple moving average is $41.32 and its 200-day simple moving average is $42.99.

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

Fortune Brands Innovations Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Friday, November 20th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, November 20th. This represents a $1.04 annualized dividend and a yield of 2.4%. Fortune Brands Innovations’s dividend payout ratio (DPR) is 84.55%.

Insider Buying and Selling

In other Fortune Brands Innovations news, CEO Jesse Singh acquired 19,725 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was acquired at an average cost of $51.66 per share, with a total value of $1,018,993.50. Following the purchase, the chief executive officer directly owned 19,725 shares of the company’s stock, valued at approximately $1,018,993.50. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.32% of the stock is owned by company insiders.

Analyst Ratings Changes

FBIN has been the topic of several research analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $68.00 price objective on shares of Fortune Brands Innovations in a research report on Wednesday, August 5th. Truist Financial upgraded Fortune Brands Innovations from a “hold” rating to a “buy” rating and increased their target price for the stock from $45.00 to $70.00 in a research report on Tuesday, June 30th. Melius Research initiated coverage on Fortune Brands Innovations in a research note on Tuesday, October 6th. They set a “hold” rating and a $44.00 target price on the stock. Citigroup reissued a “reduce” rating on shares of Fortune Brands Innovations in a research note on Monday, October 19th. Finally, Barclays decreased their price target on shares of Fortune Brands Innovations from $54.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Fortune Brands Innovations currently has an average rating of “Hold” and a consensus price target of $52.67.

Fortune Brands Innovations Profile

Fortune Brands Innovations, Inc is a manufacturer and marketer of products used in residential construction, remodeling and commercial applications. The company operates through businesses focused on water management, outdoor living and home safety and security.

Its portfolio includes plumbing products under brands such as Moen and House of Rohl; doors and related products marketed through Therma-Tru; composite decking and outdoor-living products from Fiberon; and locks, safes and security products sold under Master Lock and SentrySafe.