Fortune Brands Innovations, Inc. (NYSE:FBIN) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG lowered its position in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 651,089 shares of the company's stock after selling 18,304 shares during the quarter. Robeco Schweiz AG owned 0.54% of Fortune Brands Innovations worth $39,638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. von Borstel & Associates Inc. bought a new stake in Fortune Brands Innovations during the first quarter valued at $26,000. Flagship Wealth Advisors LLC purchased a new stake in Fortune Brands Innovations in the fourth quarter valued at approximately $31,000. CX Institutional bought a new stake in Fortune Brands Innovations during the first quarter valued at approximately $29,000. Raleigh Capital Management Inc. grew its stake in Fortune Brands Innovations by 28.2% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,017 shares of the company's stock worth $62,000 after buying an additional 224 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new position in shares of Fortune Brands Innovations in the 1st quarter worth $62,000. 87.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Fortune Brands Innovations in a report on Tuesday, April 1st. They set a "hold" rating and a $70.00 target price on the stock. UBS Group dropped their target price on Fortune Brands Innovations from $90.00 to $82.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Barclays decreased their price target on Fortune Brands Innovations from $68.00 to $64.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Truist Financial set a $65.00 price objective on Fortune Brands Innovations in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada lowered their price target on shares of Fortune Brands Innovations from $70.00 to $59.00 and set a "sector perform" rating for the company in a report on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $77.00.

Fortune Brands Innovations Stock Performance

NYSE:FBIN traded up $0.29 during trading hours on Monday, reaching $54.29. The company had a trading volume of 1,722,997 shares, compared to its average volume of 2,050,802. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.41 and a quick ratio of 0.72. Fortune Brands Innovations, Inc. has a 1-year low of $47.21 and a 1-year high of $90.54. The business's 50 day moving average price is $52.08 and its 200-day moving average price is $59.43. The firm has a market cap of $6.53 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 2.98 and a beta of 1.36.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. Fortune Brands Innovations had a net margin of 9.42% and a return on equity of 20.96%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The company's revenue for the quarter was down 6.9% on a year-over-year basis. Research analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current year.

Fortune Brands Innovations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Tuesday, May 27th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Tuesday, May 27th. Fortune Brands Innovations's payout ratio is 29.33%.

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.