Fortune Brands Innovations, Inc. $FBIN Shares Sold by Vulcan Value Partners LLC

Key Points

• Vulcan Value Partners cut its FBIN position by 37.5% in the second quarter, selling 128,765 shares and retaining 214,798 shares valued at approximately $11.8 million. Institutional investors collectively own 87.6% of the company.
• FBIN shares fell 2.1% to $42.21, while the company reported quarterly EPS of $1.35, beating estimates of $0.80. Revenue declined 4.1% year over year to $1.15 billion, and full-year 2026 EPS guidance is $3.22–$3.52.
• The company declared a quarterly dividend of $0.26 per share, representing a 2.5% yield, while analysts maintain a consensus “Hold” rating with an average price target of $55.71.

Vulcan Value Partners LLC reduced its position in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 37.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 214,798 shares of the company's stock after selling 128,765 shares during the quarter. Vulcan Value Partners LLC owned about 0.18% of Fortune Brands Innovations worth $11,792,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of Fortune Brands Innovations by 0.8% in the 1st quarter. Royal Bank of Canada now owns 41,713 shares of the company's stock worth $2,539,000 after purchasing an additional 324 shares during the period. Empowered Funds LLC lifted its stake in shares of Fortune Brands Innovations by 20.5% in the 1st quarter. Empowered Funds LLC now owns 10,335 shares of the company's stock valued at $629,000 after purchasing an additional 1,761 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Fortune Brands Innovations by 83.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 852 shares of the company's stock worth $52,000 after purchasing an additional 388 shares during the period. Cetera Investment Advisers increased its position in Fortune Brands Innovations by 7.6% during the 2nd quarter. Cetera Investment Advisers now owns 10,382 shares of the company's stock worth $534,000 after purchasing an additional 731 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Fortune Brands Innovations by 158.3% during the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company's stock worth $27,000 after buying an additional 323 shares during the period. Institutional investors and hedge funds own 87.60% of the company's stock.

Fortune Brands Innovations Stock Down 2.1%

FBIN stock traded down $0.90 during midday trading on Tuesday, hitting $42.21. 2,023,875 shares of the company's stock were exchanged, compared to its average volume of 2,706,973. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 34.32, a price-to-earnings-growth ratio of 1.91 and a beta of 1.30. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average price of $48.85 and a 200-day moving average price of $44.34. Fortune Brands Innovations, Inc. has a 12-month low of $32.34 and a 12-month high of $64.84.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.55. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. The business's revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. On average, analysts anticipate that Fortune Brands Innovations, Inc. will post 3.33 EPS for the current year.

Fortune Brands Innovations Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.04 annualized dividend and a dividend yield of 2.5%. Fortune Brands Innovations's dividend payout ratio (DPR) is presently 84.55%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FBIN. 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. Zacks Research upgraded Fortune Brands Innovations from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. JPMorgan Chase & Co. decreased their target price on Fortune Brands Innovations from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, May 15th. BMO Capital Markets increased their target price on Fortune Brands Innovations from $50.00 to $53.00 and gave the company a "market perform" rating in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada raised their target price on Fortune Brands Innovations from $50.00 to $57.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $55.71.

Insider Transactions at Fortune Brands Innovations

In other news, Director Edward Garden purchased 320,067 shares of the firm's stock in a transaction that occurred on Wednesday, June 10th. The stock was acquired at an average cost of $40.60 per share, for a total transaction of $12,994,720.20. Following the completion of the purchase, the director owned 3,940,234 shares of the company's stock, valued at approximately $159,973,500.40. This trade represents a 8.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jesse Singh acquired 19,725 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $51.66 per share, with a total value of $1,018,993.50. Following the completion of the acquisition, the chief executive officer 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 disclosure for this purchase is available in the SEC filing. Insiders purchased 359,352 shares of company stock valued at $15,009,905 over the last quarter. Insiders own 3.32% of the company's stock.

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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