Nicholas I. Fink Sells 1,522 Shares of Fortune Brands Innovations (NYSE:FBIN) Stock

Key Points

• Fortune Brands Innovations CEO Nicholas Fink sold 1,522 shares of the company's stock for $89,371.84, reducing his ownership by 1.54%, now holding 97,139 shares valued at approximately $5.7 million.
• The company reported $1.00 earnings per share for the last quarter, exceeding expectations, but a 3% decrease in revenue year-over-year.
• A quarterly dividend of $0.25 has been declared, representing a 1.7% yield, with the ex-dividend date set for August 22nd.

Fortune Brands Innovations, Inc. (NYSE:FBIN - Get Free Report) CEO Nicholas I. Fink sold 1,522 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $58.72, for a total value of $89,371.84. Following the transaction, the chief executive officer owned 97,139 shares of the company's stock, valued at approximately $5,704,002.08. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Fortune Brands Innovations Stock Performance

Shares of NYSE:FBIN traded up $4.0250 during mid-day trading on Friday, reaching $61.5050. 1,868,188 shares of the company traded hands, compared to its average volume of 1,988,147. Fortune Brands Innovations, Inc. has a 52 week low of $47.21 and a 52 week high of $90.54. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 0.98. The firm has a market cap of $7.38 billion, a PE ratio of 19.34, a PEG ratio of 4.22 and a beta of 1.32. The company's 50 day moving average price is $54.64 and its 200-day moving average price is $56.35.

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

Fortune Brands Innovations Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 22nd. Fortune Brands Innovations's dividend payout ratio is currently 31.45%.

Institutional Investors Weigh In On Fortune Brands Innovations

Large investors have recently modified their holdings of the business. von Borstel & Associates Inc. acquired a new position in Fortune Brands Innovations in the 1st quarter worth approximately $26,000. Elevation Point Wealth Partners LLC acquired a new position in Fortune Brands Innovations in the 2nd quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its holdings in Fortune Brands Innovations by 158.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company's stock worth $27,000 after buying an additional 323 shares during the period. National Pension Service increased its holdings in Fortune Brands Innovations by 74.5% in the 1st quarter. National Pension Service now owns 466 shares of the company's stock worth $28,000 after buying an additional 199 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Fortune Brands Innovations by 119.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 539 shares of the company's stock worth $28,000 after buying an additional 293 shares during the period. Hedge funds and other institutional investors own 87.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays increased 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. Wall Street Zen upgraded Fortune Brands Innovations from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Royal Bank Of Canada upgraded Fortune Brands Innovations from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $59.00 to $65.00 in a research note on Friday, August 1st. Robert W. Baird reduced their target price on Fortune Brands Innovations from $56.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Truist Financial set a $65.00 price objective on Fortune Brands Innovations in a report on Wednesday, May 7th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $75.91.

About Fortune Brands Innovations

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.