Petrus Trust Company LTA Acquires Shares of 97,800 Fortune Brands Innovations, Inc. $FBIN

Key Points

• Petrus Trust Company LTA acquired 97,800 Fortune Brands Innovations shares worth approximately $5.37 million, giving it a 0.08% stake. Institutional investors collectively own 87.60% of the company.
• Fortune Brands Innovations insiders bought 359,352 shares valued at about $15.01 million over the past three months, including significant purchases by CEO Jesse G. Singh and director Edward P. Garden.
• FBIN reported quarterly EPS of $1.35, beating estimates of $0.80, though revenue fell 4.1% year over year to $1.15 billion. Analysts maintain a consensus “Hold” rating with an average price target of $55.71, while the company declared a quarterly dividend of $0.26 per share.

Petrus Trust Company LTA bought a new position 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. The institutional investor bought 97,800 shares of the company's stock, valued at approximately $5,369,000. Fortune Brands Innovations accounts for 0.5% of Petrus Trust Company LTA's portfolio, making the stock its 24th largest position. Petrus Trust Company LTA owned about 0.08% of Fortune Brands Innovations at the end of the most recent quarter.

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

Insider Buying and Selling at Fortune Brands Innovations

In other news, CEO Jesse G. Singh purchased 19,725 shares of the company's stock in a transaction dated Thursday, August 6th. The shares were purchased at an average cost of $51.66 per share, for a total transaction of $1,018,993.50. Following the purchase, the chief executive officer directly owned 19,725 shares in the company, valued at approximately $1,018,993.50. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Edward P. Garden acquired 320,067 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average cost of $40.60 per share, with a total value of $12,994,720.20. Following the acquisition, the director directly owned 3,940,234 shares of the company's stock, valued at $159,973,500.40. This trade represents a 8.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 359,352 shares of company stock worth $15,009,905 over the last three months. Insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FBIN shares. JPMorgan Chase & Co. lowered their price target 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. Evercore set a $56.00 price objective on shares of Fortune Brands Innovations in a research report on Wednesday, August 5th. Robert W. Baird set a $44.00 price objective on shares of Fortune Brands Innovations in a research note on Friday, May 8th. Royal Bank Of Canada lifted their target price on shares of Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $68.00 price target on shares of Fortune Brands Innovations in a report 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 assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $55.71.

Fortune Brands Innovations Price Performance

FBIN opened at $46.23 on Thursday. The company's 50-day simple moving average is $48.95 and its two-hundred day simple moving average is $45.17. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 2.01. The stock has a market capitalization of $5.52 billion, a P/E ratio of 37.59, a P/E/G ratio of 3.86 and a beta of 1.31. 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 announced its quarterly 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 firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the business posted $1.00 earnings per share. The business'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, analysts predict that Fortune Brands Innovations, Inc. will post 3.32 EPS for the current year.

Fortune Brands Innovations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, August 21st. This represents a $1.04 dividend on an annualized basis and a yield of 2.2%. Fortune Brands Innovations's payout ratio is currently 84.55%.

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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