Quantbot Technologies LP Sells 258,082 Shares of Fortune Brands Innovations, Inc. $FBIN

Key Points

• Quantbot Technologies LP trimmed its stake by 98.1%, selling 258,082 shares of Fortune Brands Innovations and retaining 5,107 shares worth about $273,000 after the third quarter.
• Fortune Brands missed quarterly expectations, reporting $0.86 EPS vs. $1.00 expected and $1.08B revenue vs. $1.14B expected, and issued FY2026 guidance of 3.350–3.650 EPS.
• Analysts' consensus is a "Hold" with a $60 average price target (4 Buy / 10 Hold / 1 Sell); the stock trades near $45.32 and the company raised its quarterly dividend to $0.26 per share.

Quantbot Technologies LP trimmed its holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 98.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,107 shares of the company's stock after selling 258,082 shares during the period. Quantbot Technologies LP's holdings in Fortune Brands Innovations were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of Fortune Brands Innovations by 0.8% in the first quarter. Royal Bank of Canada now owns 41,713 shares of the company's stock worth $2,539,000 after acquiring an additional 324 shares during the period. Empowered Funds LLC lifted its holdings in Fortune Brands Innovations by 20.5% during the 1st quarter. Empowered Funds LLC now owns 10,335 shares of the company's stock worth $629,000 after purchasing an additional 1,761 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Fortune Brands Innovations by 83.6% in 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. Savant Capital LLC purchased a new position in Fortune Brands Innovations during the 2nd quarter valued at about $203,000. Finally, Penserra Capital Management LLC grew its holdings in Fortune Brands Innovations by 22.9% during the 2nd quarter. Penserra Capital Management LLC now owns 4,994 shares of the company's stock valued at $257,000 after buying an additional 929 shares in the last quarter. Institutional investors own 87.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FBIN shares. UBS Group reissued a "buy" rating and issued a $70.00 price target on shares of Fortune Brands Innovations in a report on Friday, February 13th. Zacks Research cut shares of Fortune Brands Innovations from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 19th. The Goldman Sachs Group decreased 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 report on Tuesday, February 17th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $61.00 target price on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Finally, Wolfe Research set a $64.00 price target on shares of Fortune Brands Innovations in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fortune Brands Innovations has an average rating of "Hold" and a consensus price target of $60.00.

Fortune Brands Innovations Stock Performance

Shares of FBIN opened at $45.32 on Wednesday. Fortune Brands Innovations, Inc. has a 12-month low of $43.71 and a 12-month high of $64.84. The company has a current ratio of 1.84, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07. The company has a market cap of $5.44 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.94 and a beta of 1.41. The stock has a 50-day moving average price of $55.51 and a 200-day moving average price of $53.46.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.86 earnings per share 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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $0.98 earnings per share. The firm'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. As a group, equities analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current fiscal year.

Fortune Brands Innovations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Friday, February 20th will be given a dividend of $0.26 per share. This is an increase 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%.

About Fortune Brands Innovations

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.

Want to see what other hedge funds are holding FBIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.