Corient Private Wealth LP Acquires Shares of 230,906 Fortune Brands Innovations, Inc. $FBIN

Key Points

• Corient Private Wealth LP acquired 230,906 shares of Fortune Brands Innovations in the second quarter, valued at approximately $12.7 million. Institutional investors collectively own 87.6% of the company.
• Fortune Brands Innovations reported quarterly EPS of $1.35, exceeding the $0.80 analyst consensus, while revenue declined 4.1% year over year to $1.15 billion. The company maintained FY 2026 EPS guidance of $3.22–$3.52.
• The company declared a quarterly dividend of $0.26, representing a 2.3% annualized yield, while insiders purchased roughly $15 million of stock over the past 90 days. Analysts maintain a consensus “Hold” rating with an average price target of $55.71.

Corient Private Wealth LP acquired a new stake in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 230,906 shares of the company's stock, valued at approximately $12,677,000. Corient Private Wealth LP owned about 0.19% of Fortune Brands Innovations as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Danske Bank A S purchased a new position in shares of Fortune Brands Innovations during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC raised its position in Fortune Brands Innovations by 158.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company's stock worth $27,000 after purchasing an additional 323 shares during the period. Cary Street Partners Investment Advisory LLC raised its position in Fortune Brands Innovations by 1,275.0% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company's stock worth $28,000 after purchasing an additional 510 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in Fortune Brands Innovations in the first quarter worth about $30,000. Finally, Brown Brothers Harriman & Co. lifted its stake in 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 purchasing an additional 522 shares during the last quarter. Hedge funds and other institutional investors own 87.60% of the company's stock.

Fortune Brands Innovations Price Performance

Fortune Brands Innovations stock opened at $45.54 on Friday. 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 stock has a market cap of $5.44 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 3.84 and a beta of 1.31. The firm has a 50-day moving average of $49.07 and a two-hundred day moving average of $45.06. Fortune Brands Innovations, Inc. has a 1 year low of $32.34 and a 1 year high of $64.84.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company posted $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. On average, research analysts forecast that Fortune Brands Innovations, Inc. will post 3.33 earnings per share for the current year.

Fortune Brands Innovations Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.04 annualized dividend and a yield of 2.3%. Fortune Brands Innovations's dividend payout ratio is 84.55%.

Insider Buying and Selling at Fortune Brands Innovations

In other news, CEO Jesse G. Singh bought 19,725 shares of the stock in a transaction on Thursday, August 6th. The stock was acquired 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 of the company's stock, valued at $1,018,993.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Edward P. Garden purchased 320,067 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were purchased at an average cost 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 in the company, valued at approximately $159,973,500.40. This represents a 8.84% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 359,352 shares of company stock worth $15,009,905 over the last 90 days. 3.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird set a $44.00 target price on Fortune Brands Innovations in a research note on Friday, May 8th. BMO Capital Markets raised 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. Zacks Research upgraded Fortune Brands Innovations from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $68.00 price objective on shares of Fortune Brands Innovations in a research report on Wednesday, August 5th. Finally, UBS Group increased their target price on Fortune Brands Innovations from $63.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price 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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