Arrowstreet Capital Limited Partnership Sells 458,773 Shares of Fortune Brands Innovations, Inc. $FBIN

Key Points

• Arrowstreet Capital cut its Fortune Brands Innovations stake by 97.8% in the first quarter, selling 458,773 shares and retaining 10,187 shares valued at approximately $397,000. Institutional investors collectively own 87.6% of FBIN.
• Fortune Brands Innovations reported quarterly EPS of $1.35, beating estimates of $0.80, while revenue of $1.15 billion fell 4.1% year over year. The company maintained fiscal 2026 EPS guidance of $3.22–$3.52 and declared a quarterly dividend of $0.26, yielding about 2%.
• Analyst sentiment remains mixed, with five Buy, eight Hold and two Sell ratings; the consensus rating is Hold and the average price target is $55.33. Recent targets range from $39 at JPMorgan to $70 at Truist Financial.

Arrowstreet Capital Limited Partnership lessened its position in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 97.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,187 shares of the company's stock after selling 458,773 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in Fortune Brands Innovations were worth $397,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Danske Bank A S purchased a new position in shares of Fortune Brands Innovations during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its position in shares of Fortune Brands Innovations by 158.3% during the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company's stock worth $27,000 after acquiring an additional 323 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Fortune Brands Innovations during the fourth quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Fortune Brands Innovations by 1,275.0% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company's stock valued at $28,000 after acquiring an additional 510 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of Fortune Brands Innovations in the first quarter valued at approximately $30,000. 87.60% of the stock is owned by hedge funds and other institutional investors.

Fortune Brands Innovations Price Performance

NYSE:FBIN opened at $50.87 on Friday. The firm's fifty day moving average is $47.36 and its two-hundred day moving average is $46.26. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 41.36, a PEG ratio of 1.85 and a beta of 1.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 2.01. Fortune Brands Innovations, Inc. has a one year low of $32.34 and a one year high of $64.84.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The company's revenue was down 4.1% on a year-over-year basis. 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. Research analysts expect that Fortune Brands Innovations, Inc. will post 3.32 EPS for the current year.

Fortune Brands Innovations Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. Fortune Brands Innovations's payout ratio is presently 84.55%.

Insider Transactions at Fortune Brands Innovations

In related news, Director Edward P. Garden acquired 403,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were acquired at an average price of $33.40 per share, for a total transaction of $13,460,200.00. Following the transaction, the director owned 3,556,867 shares in the company, valued at approximately $118,799,357.80. This trade represents a 12.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 786,367 shares of company stock valued at $28,653,958 over the last three months. Insiders own 3.32% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a "market perform" rating in a report on Tuesday, July 28th. UBS Group increased 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. JPMorgan Chase & Co. reduced their price objective 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. Truist Financial raised Fortune Brands Innovations from a "hold" rating to a "buy" rating and increased their target price for the company from $45.00 to $70.00 in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada lifted their price target on Fortune Brands Innovations from $50.00 to $57.00 and gave the company an "outperform" rating in a report on Wednesday. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $55.33.

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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