Fortune Brands Innovations, Inc. $FBIN Shares Sold by Teca Partners LP

Key Points

• Teca Partners LP trimmed its stake in Fortune Brands Innovations by 21.8% in Q3 to 168,365 shares (≈$8.99M), while institutional ownership sits at 87.6% and large new or expanded positions were reported from Qube, Norges Bank, Balyasny and Bank of New York Mellon.
• Fortune Brands missed quarterly EPS at $0.86 versus a $1.00 consensus and reported $1.08B in revenue (below estimates), but provided FY2026 guidance of 3.35–3.65 EPS with sell-side forecasts averaging about 4.24 EPS.
• The stock is trading near $43.61 (1‑year range $42.95–$64.84) with a market cap around $5.23B and a P/E of 17.65; analysts hold a consensus Hold rating and a $60 target amid recent target cuts by some brokers.

Teca Partners LP cut its position in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 21.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,365 shares of the company's stock after selling 47,000 shares during the period. Fortune Brands Innovations accounts for 5.7% of Teca Partners LP's investment portfolio, making the stock its 11th largest holding. Teca Partners LP owned approximately 0.14% of Fortune Brands Innovations worth $8,989,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FBIN. Qube Research & Technologies Ltd purchased a new stake in Fortune Brands Innovations during the 2nd quarter worth about $87,611,000. Bank of New York Mellon Corp lifted its stake in Fortune Brands Innovations by 147.8% during the third quarter. Bank of New York Mellon Corp now owns 2,691,827 shares of the company's stock worth $143,717,000 after purchasing an additional 1,605,453 shares during the last quarter. Norges Bank acquired a new position in Fortune Brands Innovations in the second quarter valued at approximately $78,395,000. Balyasny Asset Management L.P. purchased a new position in Fortune Brands Innovations in the second quarter valued at approximately $77,441,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Fortune Brands Innovations during the second quarter worth approximately $41,931,000. 87.60% of the stock is owned by hedge funds and other institutional investors.

Fortune Brands Innovations Stock Performance

Shares of NYSE FBIN traded up $0.34 during mid-day trading on Friday, hitting $43.61. 359,938 shares of the company were exchanged, compared to its average volume of 2,739,115. Fortune Brands Innovations, Inc. has a 1-year low of $42.95 and a 1-year high of $64.84. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.41. The company has a quick ratio of 0.89, a current ratio of 1.84 and a debt-to-equity ratio of 1.07. The stock has a 50 day simple moving average of $55.27 and a 200-day simple moving average of $53.34.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on FBIN. The Goldman Sachs Group dropped their target price on shares of Fortune Brands Innovations from $69.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, February 17th. Wolfe Research set a $64.00 price objective on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Fortune Brands Innovations in a report on Monday, December 29th. BMO Capital Markets cut 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. Finally, Zelman & Associates cut Fortune Brands Innovations from an "outperform" rating to a "neutral" rating in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Fortune Brands Innovations currently has a consensus rating of "Hold" and a consensus target price of $60.00.

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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