Dimensional Fund Advisors LP Has $173.57 Million Stake in Fortune Brands Innovations, Inc. $FBIN

Key Points

• Dimensional Fund Advisors LP increased its stake in Fortune Brands Innovations by 10.5% to 3,251,082 shares (about 2.71% ownership) valued at $173.57 million, while institutional ownership stands at roughly 87.6% with other large additions from firms like Bank of New York Mellon.
• Fortune Brands missed quarterly expectations with EPS of $0.86 versus $1.00 and revenue of $1.08B versus $1.14B, set FY2026 guidance of $3.35–3.65 EPS, and the stock carries a consensus analyst rating of Hold with a $60 price target amid several recent downgrades.
• The company raised its quarterly dividend to $0.26 (annualized $1.04) for a ~2.3% yield, and shares are trading around $45.68 with a 52-week range of $43.71–$65.75 and a trailing PE of 18.49.

Dimensional Fund Advisors LP raised its position in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 10.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,251,082 shares of the company's stock after acquiring an additional 309,300 shares during the period. Dimensional Fund Advisors LP owned approximately 2.71% of Fortune Brands Innovations worth $173,572,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Fortune Brands Innovations by 147.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,691,827 shares of the company's stock valued at $143,717,000 after buying an additional 1,605,453 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Fortune Brands Innovations during the second quarter worth approximately $87,611,000. Norges Bank bought a new stake in shares of Fortune Brands Innovations in the second quarter valued at approximately $78,395,000. Balyasny Asset Management L.P. acquired a new stake in shares of Fortune Brands Innovations in the second quarter worth $77,441,000. Finally, Federated Hermes Inc. grew its stake in shares of Fortune Brands Innovations by 56.0% in the third quarter. Federated Hermes Inc. now owns 1,317,373 shares of the company's stock worth $70,335,000 after acquiring an additional 473,031 shares during the last quarter. 87.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FBIN shares. Zelman & Associates cut shares of Fortune Brands Innovations from an "outperform" rating to a "neutral" rating in a research note on Friday, February 13th. Weiss Ratings restated a "hold (c-)" rating on shares of Fortune Brands Innovations in a research report on Monday, December 29th. Zacks Research lowered shares of Fortune Brands Innovations from a "hold" rating to a "strong sell" rating in a research report on Thursday, February 19th. Wolfe Research set a $64.00 target price on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Finally, BMO Capital Markets decreased their target price on Fortune Brands Innovations from $62.00 to $56.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $60.00.

Fortune Brands Innovations Trading Down 0.0%

Shares of Fortune Brands Innovations stock opened at $45.68 on Tuesday. Fortune Brands Innovations, Inc. has a 52-week low of $43.71 and a 52-week high of $65.75. The firm has a market capitalization of $5.48 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.94 and a beta of 1.41. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.84 and a quick ratio of 0.89. The company's fifty day moving average price is $55.62 and its two-hundred day moving average price is $53.58.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.14). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.14 billion. Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.Fortune Brands Innovations's revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. On average, analysts expect that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current year.

Fortune Brands Innovations Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Friday, February 20th will be given a dividend of $0.26 per share. This is a boost from Fortune Brands Innovations's previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 20th. This represents a $1.04 annualized dividend and a dividend yield of 2.3%. Fortune Brands Innovations's dividend payout ratio is 42.11%.

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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