Eisler Capital Management Ltd. Acquires Shares of 14,845 Fortune Brands Innovations, Inc. (NYSE:FBIN)

Eisler Capital Management Ltd. bought a new position in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,845 shares of the company's stock, valued at approximately $1,003,000.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new stake in Fortune Brands Innovations in the fourth quarter worth $101,122,000. Amundi grew its position in Fortune Brands Innovations by 166.8% during the 4th quarter. Amundi now owns 2,306,864 shares of the company's stock valued at $157,953,000 after purchasing an additional 1,442,195 shares during the last quarter. Wellington Management Group LLP increased its stake in Fortune Brands Innovations by 63.0% during the 4th quarter. Wellington Management Group LLP now owns 2,870,673 shares of the company's stock valued at $196,153,000 after purchasing an additional 1,110,021 shares in the last quarter. Clearbridge Investments LLC purchased a new position in Fortune Brands Innovations in the fourth quarter worth about $59,970,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Fortune Brands Innovations by 1,530.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 775,093 shares of the company's stock worth $52,962,000 after buying an additional 727,550 shares in the last quarter. 87.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on FBIN. Robert W. Baird reduced their price target on shares of Fortune Brands Innovations from $56.00 to $54.00 and set a "neutral" rating for the company in a research report on Wednesday. Royal Bank of Canada reduced their target price on Fortune Brands Innovations from $70.00 to $59.00 and set a "sector perform" rating for the company in a report on Wednesday. UBS Group lowered their price target on Fortune Brands Innovations from $90.00 to $82.00 and set a "buy" rating on the stock in a report on Wednesday. The Goldman Sachs Group reduced their price objective on Fortune Brands Innovations from $97.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Fortune Brands Innovations in a research note on Tuesday, April 1st. They set a "hold" rating and a $70.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Fortune Brands Innovations currently has an average rating of "Hold" and an average target price of $77.17.

Insiders Place Their Bets

In other Fortune Brands Innovations news, EVP Ron Wilson sold 1,500 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $68.94, for a total value of $103,410.00. Following the completion of the transaction, the executive vice president now directly owns 10,066 shares in the company, valued at $693,950.04. This represents a 12.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kristin Papesh acquired 483 shares of Fortune Brands Innovations stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $61.99 per share, for a total transaction of $29,941.17. Following the transaction, the executive vice president now owns 7,617 shares of the company's stock, valued at approximately $472,177.83. The trade was a 6.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company's stock.

Fortune Brands Innovations Price Performance

Shares of Fortune Brands Innovations stock opened at $51.26 on Friday. The stock has a market cap of $6.21 billion, a P/E ratio of 13.67, a P/E/G ratio of 2.00 and a beta of 1.49. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.65 and a current ratio of 1.25. The stock's fifty day moving average is $56.44 and its 200 day moving average is $67.66. Fortune Brands Innovations, Inc. has a one year low of $47.21 and a one year high of $90.54.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.66 earnings per share for the quarter, meeting analysts' consensus estimates of $0.66. The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.07 billion. Fortune Brands Innovations had a return on equity of 22.05% and a net margin of 10.24%. The business's quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. Sell-side analysts anticipate that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current year.

Fortune Brands Innovations Company Profile

Fortune Brands Innovations, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. The company operates through three segments: Water, Outdoors, and Security. The Water segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, and Schaub brands.

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