Deutsche Bank AG Buys Shares of 23,841 Fortune Brands Innovations, Inc. $FBIN

Key Points

• Deutsche Bank initiated a position in Fortune Brands Innovations by purchasing 23,841 shares valued at approximately $1.31 million. Institutional investors collectively own 87.6% of FBIN’s outstanding stock.
• Fortune Brands Innovations reported quarterly EPS of $1.35, exceeding analyst estimates of $0.80, while revenue declined 4.1% year over year to $1.15 billion. The company also declared a quarterly dividend of $0.26 per share, representing a 2.3% yield.
• Insiders purchased roughly $15 million worth of shares during the latest quarter, including significant acquisitions by the CEO and a director. Analysts maintain a consensus “Hold” rating with an average price target of $55.71, though several firms recently upgraded their ratings or raised targets.

Deutsche Bank AG bought a new position in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 23,841 shares of the company's stock, valued at approximately $1,309,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Danske Bank A S bought a new stake in shares of Fortune Brands Innovations in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its holdings in Fortune Brands Innovations by 158.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company's stock worth $27,000 after acquiring an additional 323 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its position in Fortune Brands Innovations by 1,275.0% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company's stock valued at $28,000 after purchasing an additional 510 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of Fortune Brands Innovations in the 1st quarter valued at about $30,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Fortune Brands Innovations by 628.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 605 shares of the company's stock valued at $30,000 after purchasing an additional 522 shares in the last quarter. Institutional investors own 87.60% of the company's stock.

Fortune Brands Innovations Stock Performance

FBIN opened at $45.54 on Friday. The company has a market cap of $5.44 billion, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 3.84 and a beta of 1.31. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. The firm's 50-day moving average price is $49.07 and its 200-day moving average price is $45.06. Fortune Brands Innovations, Inc. has a 52-week low of $32.34 and a 52-week high of $64.84.

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, 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 company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same period last year, the business earned $1.00 EPS. Fortune Brands Innovations's revenue for the quarter 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. As a group, equities analysts anticipate that Fortune Brands Innovations, Inc. will post 3.33 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

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

Insider Activity at Fortune Brands Innovations

In other Fortune Brands Innovations news, CEO Jesse G. Singh acquired 19,725 shares of the business's stock in a transaction dated Thursday, August 6th. The shares were purchased at an average price of $51.66 per share, for a total transaction of $1,018,993.50. Following the completion of the purchase, the chief executive officer directly owned 19,725 shares of the company's stock, valued at $1,018,993.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward P. Garden bought 320,067 shares of Fortune Brands Innovations stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average cost of $40.60 per share, with a total value of $12,994,720.20. Following the acquisition, the director 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 359,352 shares of company stock worth $15,009,905. 3.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FBIN shares. UBS Group upped their price target on shares of Fortune Brands Innovations from $63.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Fortune Brands Innovations from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, August 6th. Wells Fargo & Company initiated coverage on Fortune Brands Innovations in a report on Monday, August 24th. They set an "overweight" rating and a $52.00 target price for the company. Royal Bank Of Canada increased their target price on Fortune Brands Innovations from $50.00 to $57.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Finally, Truist Financial upgraded Fortune Brands Innovations from a "hold" rating to a "buy" rating and lifted their price target for the company from $45.00 to $70.00 in a report on Tuesday, June 30th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $55.71.

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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