Atlas FRM LLC Acquires Shares of 1,825,000 Fortune Brands Innovations, Inc. $FBIN

Atlas FRM LLC acquired a new stake in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,825,000 shares of the company's stock, valued at approximately $100,192,500. Fortune Brands Innovations accounts for approximately 0.0% of Atlas FRM LLC's investment portfolio, making the stock its 6th largest holding. Atlas FRM LLC owned about 1.53% of Fortune Brands Innovations at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Danske Bank A S acquired a new stake in Fortune Brands Innovations in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its stake 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 worth $27,000 after acquiring an additional 323 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted 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. Measured Wealth Private Client Group LLC acquired a new stake in shares of Fortune Brands Innovations in the third quarter worth approximately $31,000. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Fortune Brands Innovations by 628.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 605 shares of the company's stock worth $30,000 after acquiring an additional 522 shares during the last quarter. 87.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Fortune Brands Innovations Stock Performance

NYSE FBIN opened at $45.54 on Friday. The stock's fifty day moving average is $49.07 and its two-hundred day moving average is $45.06. The firm has a market capitalization of $5.44 billion, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 3.82 and a beta of 1.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 2.01. Fortune Brands Innovations, Inc. has a fifty-two week low of $32.34 and a fifty-two week 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, topping analysts' consensus estimates of $0.80 by $0.55. The company had revenue of $1.15 billion for 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 firm's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. On average, research analysts anticipate that Fortune Brands Innovations, Inc. will post 3.33 earnings per share for the current year.

Fortune Brands Innovations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.26 per share. 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 2.3%. Fortune Brands Innovations's payout ratio is 84.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FBIN. BMO Capital Markets lifted their price target on Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 28th. DA Davidson began coverage on Fortune Brands Innovations in a research note on Monday. They issued a "buy" rating and a $64.00 price target on the stock. Royal Bank Of Canada lifted their price target on Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Weiss Ratings raised Fortune Brands Innovations from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, August 6th. Finally, Zacks Research raised Fortune Brands Innovations from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $55.71.

Fortune Brands Innovations Company 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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