Public Employees Retirement System of Ohio Takes $1.81 Million Position in Fortune Brands Innovations, Inc. $FBIN

Key Points

• Public Employees Retirement System of Ohio purchased 33,050 shares of Fortune Brands Innovations worth approximately $1.81 million, while institutional investors collectively own 87.6% of the company.
• Company insiders bought 359,352 shares valued at about $15.0 million over the past three months, including significant purchases by Director Edward Garden and CEO Jesse Singh.
• Fortune Brands Innovations beat quarterly EPS estimates, reporting $1.35 versus the $0.80 consensus, but revenue fell 4.1% year over year. The company also declared a $0.26 quarterly dividend, while analysts maintain a consensus “Hold” rating with a $55.71 price target.

Public Employees Retirement System of Ohio bought a new position in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 33,050 shares of the company's stock, valued at approximately $1,814,000.

Several other hedge funds have also recently bought and sold shares of FBIN. Osaic Holdings Inc. boosted its holdings in shares of Fortune Brands Innovations by 0.8% in the fourth quarter. Osaic Holdings Inc. now owns 24,447 shares of the company's stock valued at $1,223,000 after buying an additional 198 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Fortune Brands Innovations by 3.0% during the fourth quarter. TD Private Client Wealth LLC now owns 7,308 shares of the company's stock worth $366,000 after acquiring an additional 213 shares during the period. Geneos Wealth Management Inc. lifted its position in Fortune Brands Innovations by 30.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,108 shares of the company's stock valued at $57,000 after acquiring an additional 256 shares in the last quarter. Parallel Advisors LLC lifted its position in Fortune Brands Innovations by 31.8% in the 1st quarter. Parallel Advisors LLC now owns 1,247 shares of the company's stock valued at $49,000 after acquiring an additional 301 shares in the last quarter. Finally, IMA Advisory Services Inc. boosted its stake in Fortune Brands Innovations by 3.3% in the 1st quarter. IMA Advisory Services Inc. now owns 9,713 shares of the company's stock worth $379,000 after purchasing an additional 306 shares during the period. 87.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fortune Brands Innovations

In related news, Director Edward Garden purchased 320,067 shares of the firm's stock in a transaction on Wednesday, June 10th. The stock was purchased 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 directly owned 3,940,234 shares in the company, valued at $159,973,500.40. This trade represents a 8.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jesse Singh purchased 19,725 shares of the stock in a transaction on Thursday, August 6th. The shares were bought at an average cost of $51.66 per share, for a total transaction of $1,018,993.50. Following the transaction, the chief executive officer directly owned 19,725 shares in the company, valued at approximately $1,018,993.50. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 359,352 shares of company stock valued at $15,009,905 over the last three months. Insiders own 3.32% of the company's stock.

Fortune Brands Innovations Stock Down 0.0%

Shares of FBIN stock opened at $43.10 on Monday. The firm's fifty day moving average price is $49.01 and its two-hundred day moving average price is $44.41. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11. Fortune Brands Innovations, Inc. has a 1 year low of $32.34 and a 1 year high of $64.84. The firm has a market capitalization of $5.14 billion, a P/E ratio of 35.04, a PEG ratio of 1.91 and a beta of 1.30.

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

Fortune Brands Innovations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors 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 yield of 2.4%. Fortune Brands Innovations's dividend payout ratio is 84.55%.

Analyst Ratings Changes

A number of research firms have issued reports on FBIN. Evercore set a $56.00 target price on Fortune Brands Innovations in a report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. DA Davidson began coverage on Fortune Brands Innovations in a report on Monday, August 24th. They set a "buy" rating and a $64.00 price objective for the company. Zacks Research raised Fortune Brands Innovations from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Finally, Barclays cut their target price on Fortune Brands Innovations from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 5th. One investment 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 assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $55.71.

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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