Fortune Brands Innovations, Inc. (NYSE:FBIN) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts rate Fortune Brands Innovations “Hold” overall: Of 15 firms, nine recommend holding, five recommend buying and one recommends selling. The average 12-month price target is $55.33, compared with a recent price of $50.87.
• Quarterly earnings beat expectations but revenue declined: FBIN reported adjusted EPS of $1.35 versus the $0.80 consensus estimate, while revenue fell 4.1% year over year to $1.15 billion. Full-year guidance is $3.22–$3.52 per share.
• The company maintains a 2.0% dividend yield: Fortune Brands Innovations declared a quarterly dividend of $0.26 per share, or $1.04 annualized, with payment scheduled for September 9 to shareholders of record as of August 21.

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Get Free Report) have been assigned an average rating of "Hold" from the fifteen research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $55.3333.

A number of research firms recently commented on FBIN. Bank of America decreased their price target on Fortune Brands Innovations from $52.00 to $42.00 and set an "underperform" rating for the company in a research note on Monday, April 20th. Truist Financial raised Fortune Brands Innovations from a "hold" rating to a "buy" rating and increased their target price for the stock from $45.00 to $70.00 in a report on Tuesday, June 30th. Robert W. Baird set a $44.00 target price on Fortune Brands Innovations in a research report on Friday, May 8th. Weiss Ratings upgraded Fortune Brands Innovations from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday. Finally, Barclays dropped their price target on Fortune Brands Innovations from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Wednesday.

Fortune Brands Innovations Trading Up 0.2%

FBIN opened at $50.87 on Monday. The firm's 50 day moving average is $47.36 and its 200-day moving average is $46.15. Fortune Brands Innovations has a 52-week low of $32.34 and a 52-week high of $64.84. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $6.07 billion, a P/E ratio of 41.36, a P/E/G ratio of 1.87 and a beta of 1.31.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $0.80 by $0.55. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The company's revenue was down 4.1% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Analysts expect that Fortune Brands Innovations will post 3.32 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, September 9th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, August 21st. This represents a $1.04 annualized dividend and a yield of 2.0%. Fortune Brands Innovations's payout ratio is presently 84.55%.

Insider Buying and Selling at Fortune Brands Innovations

In other Fortune Brands Innovations news, Director Edward P. Garden bought 320,067 shares of the company's stock in a transaction on Wednesday, June 10th. The shares were bought at an average cost of $40.60 per share, with a total value of $12,994,720.20. Following the completion of the acquisition, the director owned 3,940,234 shares of the company's stock, valued at approximately $159,973,500.40. This trade represents a 8.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 786,367 shares of company stock worth $28,653,958 over the last 90 days. 3.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealthfront Advisers LLC acquired a new stake in Fortune Brands Innovations during the second quarter worth about $265,000. Black Cypress Capital Management LLC acquired a new position in Fortune Brands Innovations in the second quarter valued at approximately $13,367,000. Buckland Partners Management Co LLC acquired a new position in Fortune Brands Innovations in the second quarter valued at approximately $769,000. BlackRock Inc. bought a new position in shares of Fortune Brands Innovations during the second quarter valued at approximately $1,062,255,000. Finally, Deutsche Bank AG bought a new position in shares of Fortune Brands Innovations during the second quarter valued at approximately $1,309,000. 87.60% of the stock is owned by institutional investors and hedge funds.

Fortune Brands Innovations Company 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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