Ancora Advisors LLC Has $13.14 Million Stock Holdings in Fortune Brands Innovations, Inc. $FBIN

Key Points

• Ancora Advisors reduced its Fortune Brands Innovations stake by 14% in the second quarter, selling 38,930 shares and retaining 239,366 shares valued at approximately $13.14 million. Institutional investors collectively own 87.6% of the company.
• Fortune Brands Innovations reported quarterly EPS of $1.35, exceeding the $0.80 consensus estimate, while revenue declined 4.1% year over year to $1.15 billion. The company maintained full-year 2026 EPS guidance of $3.22–$3.52.
• The company declared a quarterly dividend of $0.26 per share, representing a 2.4% annualized yield. Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $55.71, while insiders purchased roughly $15 million of stock during the latest quarter.

Ancora Advisors LLC decreased its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 14.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,366 shares of the company's stock after selling 38,930 shares during the quarter. Ancora Advisors LLC owned approximately 0.20% of Fortune Brands Innovations worth $13,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Danske Bank A S acquired a new stake in Fortune Brands Innovations in the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Fortune Brands Innovations by 158.3% in the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company's stock valued at $27,000 after acquiring an additional 323 shares during the period. Cary Street Partners Investment Advisory LLC grew its stake in shares of Fortune Brands Innovations by 1,275.0% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company's stock worth $28,000 after acquiring an additional 510 shares during the last quarter. EFG International AG acquired a new stake in shares of Fortune Brands Innovations in the second quarter worth $32,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Fortune Brands Innovations during the third quarter worth $31,000. Institutional investors and hedge funds own 87.60% of the company's stock.

Fortune Brands Innovations Stock Performance

Fortune Brands Innovations stock opened at $42.73 on Wednesday. The firm has a market capitalization of $5.10 billion, a P/E ratio of 34.74, a P/E/G ratio of 3.74 and a beta of 1.30. The stock has a fifty day moving average price of $49.17 and a two-hundred day moving average price of $44.66. Fortune Brands Innovations, Inc. has a 52-week low of $32.34 and a 52-week high of $64.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.05.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the prior year, the firm earned $1.00 earnings per share. The company's quarterly revenue 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, analysts anticipate that Fortune Brands Innovations, Inc. will post 3.33 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The business 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, August 21st. Fortune Brands Innovations's dividend payout ratio is presently 84.55%.

Analyst Ratings Changes

FBIN has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Fortune Brands Innovations from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, August 6th. Zacks Research raised shares of Fortune Brands Innovations from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Barclays reduced their target price on shares of Fortune Brands Innovations from $56.00 to $54.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 5th. DA Davidson began coverage on Fortune Brands Innovations in a research note on Monday, August 24th. They set a "buy" rating and a $64.00 price target on the stock. Finally, Wells Fargo & Company started coverage on Fortune Brands Innovations in a research report on Monday, August 24th. They issued an "overweight" rating and a $52.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Fortune Brands Innovations currently has an average rating of "Hold" and a consensus price target of $55.71.

Insider Buying and Selling

In related news, Director Edward P. Garden acquired 320,067 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average price of $40.60 per share, for a total transaction of $12,994,720.20. Following the transaction, the director directly owned 3,940,234 shares of the company's stock, valued at approximately $159,973,500.40. This trade represents a 8.84% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jesse G. Singh acquired 19,725 shares of Fortune Brands Innovations stock in a transaction on Thursday, August 6th. The shares were purchased at an average cost of $51.66 per share, for a total transaction of $1,018,993.50. Following the acquisition, the chief executive officer owned 19,725 shares in the company, valued at approximately $1,018,993.50. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 359,352 shares of company stock worth $15,009,905 over the last quarter. 3.32% of the stock is owned by company insiders.

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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