Amundi Cuts Stock Holdings in Fortune Brands Innovations, Inc. $FBIN

Key Points

• Amundi reduced its Fortune Brands Innovations stake by 19.7% in the second quarter, selling 490,651 shares and retaining 1.997 million shares valued at approximately $109.5 million. Institutional investors collectively own 87.6% of FBIN.
• FBIN shares opened at $40.77, down 3.4%, despite the company reporting quarterly EPS of $1.35 versus the $0.80 analyst consensus. Revenue declined 4.1% year over year to $1.15 billion, and management issued fiscal 2026 EPS guidance of $3.22–$3.52.
• The company declared a quarterly dividend of $0.26, equivalent to an annualized $1.04 payout and a 2.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $55.71, while CEO Jesse Singh purchased nearly $1.02 million of company stock.

Amundi lowered its stake in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 19.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,996,692 shares of the company's stock after selling 490,651 shares during the quarter. Amundi owned about 1.67% of Fortune Brands Innovations worth $109,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Osaic Holdings Inc. lifted its position in shares of Fortune Brands Innovations by 0.8% in the fourth quarter. Osaic Holdings Inc. now owns 24,447 shares of the company's stock worth $1,223,000 after buying an additional 198 shares in the last quarter. TD Private Client Wealth LLC lifted its position in Fortune Brands Innovations by 3.0% during the fourth quarter. TD Private Client Wealth LLC now owns 7,308 shares of the company's stock valued at $366,000 after purchasing an additional 213 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Fortune Brands Innovations by 30.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,108 shares of the company's stock worth $57,000 after buying an additional 256 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Fortune Brands Innovations by 31.8% in the 1st quarter. Parallel Advisors LLC now owns 1,247 shares of the company's stock worth $49,000 after buying an additional 301 shares in the last quarter. Finally, IMA Advisory Services Inc. increased its holdings in shares of Fortune Brands Innovations by 3.3% in the 1st quarter. IMA Advisory Services Inc. now owns 9,713 shares of the company's stock worth $379,000 after buying an additional 306 shares during the last quarter. Institutional investors own 87.60% of the company's stock.

Fortune Brands Innovations Stock Down 3.4%

Shares of NYSE FBIN opened at $40.77 on Thursday. 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 company has a market cap of $4.87 billion, a P/E ratio of 33.15, a PEG ratio of 1.87 and a beta of 1.30. Fortune Brands Innovations, Inc. has a 1 year low of $32.34 and a 1 year high of $64.84. The firm has a 50-day simple moving average of $48.33 and a two-hundred day simple moving average of $44.16.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.55. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The company's quarterly revenue was down 4.1% on a year-over-year basis. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Research analysts anticipate that Fortune Brands Innovations, Inc. will post 3.33 earnings per share for the current year.

Fortune Brands Innovations Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st were issued a $0.26 dividend. The ex-dividend date was Friday, August 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.6%. Fortune Brands Innovations's dividend payout ratio is presently 84.55%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FBIN shares. Wells Fargo & Company started coverage on shares of Fortune Brands Innovations in a report on Monday, August 24th. They issued an "overweight" rating and a $52.00 price target for the company. DA Davidson initiated coverage on Fortune Brands Innovations in a research note on Monday, August 24th. They set a "buy" rating and a $64.00 price objective on the stock. Truist Financial upgraded Fortune Brands Innovations from a "hold" rating to a "buy" rating and upped their price objective for the company from $45.00 to $70.00 in a research report on Tuesday, June 30th. Royal Bank Of Canada raised their price objective on Fortune Brands Innovations from $50.00 to $57.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Finally, Evercore set a $56.00 target price on Fortune Brands Innovations in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Fortune Brands Innovations has a consensus rating of "Hold" and a consensus target price of $55.71.

Insider Activity at Fortune Brands Innovations

In related news, CEO Jesse Singh purchased 19,725 shares of Fortune Brands Innovations stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average price 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.32% of the company's stock.

Fortune Brands Innovations 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.

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