South Dakota Investment Council Acquires Shares of 44,875 Fortune Brands Innovations, Inc. $FBIN

Key Points

• South Dakota Investment Council purchased a new position of 44,875 shares of Fortune Brands Innovations (NYSE:FBIN) in Q3, valued at about $2.396 million, as institutional investors own roughly 87.6% of the stock.
• Fortune Brands missed quarterly expectations with EPS of $0.86 and revenue of $1.08 billion (vs. estimates of $1.00 EPS and $1.14B revenue); management set FY2026 guidance at 3.35–3.65 EPS
• The company raised its quarterly dividend to $0.26 (annualized $1.04, ~2.0% yield), and the stock carries a MarketBeat consensus "Hold" rating with a $60 consensus target price.

South Dakota Investment Council acquired a new position in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 44,875 shares of the company's stock, valued at approximately $2,396,000.

Other institutional investors have also recently modified their holdings of the company. Elevation Point Wealth Partners LLC purchased a new position in shares of Fortune Brands Innovations in the 2nd quarter valued at about $26,000. Hilltop National Bank acquired a new stake in Fortune Brands Innovations in the third quarter valued at approximately $26,000. EverSource Wealth Advisors LLC increased its position in shares of Fortune Brands Innovations by 158.3% in 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 in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in shares of Fortune Brands Innovations in the second quarter valued at approximately $34,000. Finally, Covestor Ltd raised its stake in shares of Fortune Brands Innovations by 557.5% during the 3rd quarter. Covestor Ltd now owns 881 shares of the company's stock worth $47,000 after buying an additional 747 shares during the period. 87.60% of the stock is currently owned by institutional investors and hedge funds.

Fortune Brands Innovations Price Performance

NYSE:FBIN opened at $50.87 on Thursday. Fortune Brands Innovations, Inc. has a one year low of $44.04 and a one year high of $65.75. The stock has a market cap of $6.10 billion, a PE ratio of 20.60, a P/E/G ratio of 2.19 and a beta of 1.41. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.89 and a current ratio of 1.84. The stock has a 50 day moving average price of $55.90 and a 200 day moving average price of $53.86.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $1.14 billion. During the same period last year, the business earned $0.98 earnings per share. The firm's revenue was down 2.4% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. Equities research analysts expect that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Friday, February 20th will be paid a $0.26 dividend. This is a positive change from Fortune Brands Innovations's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 20th. This represents a $1.04 annualized dividend and a dividend yield of 2.0%. Fortune Brands Innovations's dividend payout ratio is currently 42.11%.

Analysts Set New Price Targets

A number of research firms recently issued reports on FBIN. Zelman & Associates cut shares of Fortune Brands Innovations from an "outperform" rating to a "neutral" rating in a research note on Friday, February 13th. Barclays lowered shares of Fortune Brands Innovations from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $68.00 to $55.00 in a research report on Friday, February 13th. UBS Group reissued a "buy" rating and set a $70.00 target price on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Royal Bank Of Canada restated an "outperform" rating and set a $61.00 price target on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Finally, Robert W. Baird set a $55.00 price objective on Fortune Brands Innovations in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $60.00.

Fortune Brands Innovations 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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