UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Holdings in Fortune Brands Innovations, Inc. $FBIN

Key Points

• UBS Asset Management acquired an additional 6,205 shares of Fortune Brands Innovations, bringing its total holdings to 1,268,383 shares, valued at approximately $77.2 million.
• CEO Nicholas I. Fink sold 29,792 shares valued at over $1.75 million, decreasing his ownership by 14.16%.
• Fortune Brands Innovations reported an EPS of $1.00 for the last quarter, slightly exceeding analysts’ expectations and setting FY 2025 guidance at $3.750-$3.950 EPS.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,268,383 shares of the company's stock after purchasing an additional 6,205 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.05% of Fortune Brands Innovations worth $77,219,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FBIN. von Borstel & Associates Inc. acquired a new position in shares of Fortune Brands Innovations during the 1st quarter worth about $26,000. National Pension Service boosted its position in shares of Fortune Brands Innovations by 74.5% during the 1st quarter. National Pension Service now owns 466 shares of the company's stock worth $28,000 after acquiring an additional 199 shares in the last quarter. CX Institutional acquired a new position in shares of Fortune Brands Innovations during the 1st quarter worth about $29,000. Quarry LP acquired a new position in shares of Fortune Brands Innovations during the 1st quarter worth about $60,000. Finally, Raleigh Capital Management Inc. boosted its position in shares of Fortune Brands Innovations by 28.2% during the 1st quarter. Raleigh Capital Management Inc. now owns 1,017 shares of the company's stock worth $62,000 after acquiring an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 87.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Loop Capital reaffirmed a "hold" rating and set a $61.00 price objective (up from $53.00) on shares of Fortune Brands Innovations in a research report on Monday, August 4th. Royal Bank Of Canada raised Fortune Brands Innovations from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $59.00 to $65.00 in a research report on Friday, August 1st. Barclays upped their target price on Fortune Brands Innovations from $67.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Truist Financial reissued a "hold" rating and issued a $60.00 target price (down from $65.00) on shares of Fortune Brands Innovations in a research report on Wednesday, August 27th. Finally, Wall Street Zen raised Fortune Brands Innovations from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $75.45.

Insider Activity

In other news, CEO Nicholas I. Fink sold 29,792 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $59.04, for a total transaction of $1,758,919.68. Following the completion of the transaction, the chief executive officer directly owned 180,625 shares of the company's stock, valued at approximately $10,664,100. This represents a 14.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company's stock.

Fortune Brands Innovations Stock Performance

FBIN traded down $0.72 on Monday, hitting $58.56. 1,189,021 shares of the company traded hands, compared to its average volume of 1,388,097. The company has a 50 day moving average of $57.06 and a 200-day moving average of $55.45. 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 stock has a market capitalization of $7.03 billion, a PE ratio of 18.41, a PEG ratio of 4.07 and a beta of 1.32. Fortune Brands Innovations, Inc. has a 12-month low of $47.21 and a 12-month high of $90.54.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Fortune Brands Innovations had a return on equity of 19.85% and a net margin of 8.75%.The firm's revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.16 EPS. Fortune Brands Innovations has set its FY 2025 guidance at 3.750-3.950 EPS. Sell-side analysts anticipate that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current year.

Fortune Brands Innovations Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 22nd. Fortune Brands Innovations's dividend payout ratio is 31.45%.

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.