Robeco Institutional Asset Management B.V. Reduces Stake in Fortune Brands Innovations, Inc. $FBIN

Robeco Institutional Asset Management B.V. lowered its holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 42.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 41,029 shares of the company's stock after selling 30,853 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Fortune Brands Innovations were worth $2,112,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FBIN. Wealth Enhancement Advisory Services LLC lifted its holdings in Fortune Brands Innovations by 6.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,877 shares of the company's stock worth $743,000 after buying an additional 648 shares during the period. GAMMA Investing LLC lifted its stake in shares of Fortune Brands Innovations by 6,418.5% in the 1st quarter. GAMMA Investing LLC now owns 109,706 shares of the company's stock valued at $6,679,000 after purchasing an additional 108,023 shares during the period. UMB Bank n.a. lifted its stake in shares of Fortune Brands Innovations by 51.7% in the 1st quarter. UMB Bank n.a. now owns 2,561 shares of the company's stock valued at $156,000 after purchasing an additional 873 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Fortune Brands Innovations by 57.1% in the 1st quarter. Farther Finance Advisors LLC now owns 2,956 shares of the company's stock valued at $180,000 after purchasing an additional 1,074 shares during the period. Finally, CX Institutional purchased a new position in shares of Fortune Brands Innovations in the 1st quarter valued at approximately $29,000. Hedge funds and other institutional investors own 87.60% of the company's stock.

Fortune Brands Innovations Stock Down 1.3%

FBIN stock opened at $51.08 on Wednesday. Fortune Brands Innovations, Inc. has a twelve month low of $47.21 and a twelve month high of $90.50. The company has a quick ratio of 0.98, a current ratio of 1.97 and a debt-to-equity ratio of 1.20. The firm has a market cap of $6.13 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 3.56 and a beta of 1.33. The business has a 50 day moving average of $56.92 and a 200 day moving average of $54.56.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Fortune Brands Innovations had a return on equity of 19.85% and a net margin of 8.75%.The company's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 EPS. Fortune Brands Innovations has set its FY 2025 guidance at 3.750-3.950 EPS. On average, research analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. Fortune Brands Innovations's dividend payout ratio (DPR) is presently 31.45%.

Insider Activity at Fortune Brands Innovations

In related news, CEO Nicholas I. Fink sold 1,522 shares of Fortune Brands Innovations stock in a transaction on Monday, August 18th. The stock was sold at an average price of $58.72, for a total value of $89,371.84. Following the completion of the sale, the chief executive officer owned 97,139 shares of the company's stock, valued at $5,704,002.08. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

FBIN has been the subject of a number of research analyst reports. Truist Financial restated a "hold" rating and issued a $60.00 target price (down previously from $65.00) on shares of Fortune Brands Innovations in a research note on Wednesday, August 27th. UBS Group raised their target price on Fortune Brands Innovations from $82.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Loop Capital restated a "hold" rating and issued a $61.00 target price (up previously from $53.00) on shares of Fortune Brands Innovations in a research note on Monday, August 4th. Royal Bank Of Canada upgraded Fortune Brands Innovations from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $59.00 to $65.00 in a research note on Friday, August 1st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fortune Brands Innovations in a research report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, Fortune Brands Innovations has a consensus rating of "Hold" and an average target price of $75.45.

Fortune Brands Innovations Profile

Fortune Brands Innovations, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. The company operates through three segments: Water, Outdoors, and Security. The Water segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, and Schaub brands.

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