Rep. April McClain Delaney Sells Fortune Brands Innovations, Inc. (NYSE:FBIN) Shares

Representative April McClain Delaney (D-Maryland) recently sold shares of Fortune Brands Innovations, Inc. NYSE: FBIN. In a filing disclosed on June 02nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Fortune Brands Innovations stock on May 29th.

Representative April McClain Delaney also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Toro NYSE: TTC on 5/28/2025.
• Sold $1,001 - $15,000 in shares of Dayforce NYSE: DAY on 5/27/2025.
• Purchased $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 5/27/2025.
• Purchased $1,001 - $15,000 in shares of Tractor Supply NASDAQ: TSCO on 5/27/2025.
• Purchased $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 5/13/2025.
• Purchased $1,001 - $15,000 in shares of Tractor Supply NASDAQ: TSCO on 5/13/2025.
• Sold $1,001 - $15,000 in shares of Dayforce NYSE: DAY on 5/7/2025.
• Purchased $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 5/7/2025.
• Purchased $1,001 - $15,000 in shares of Tractor Supply NASDAQ: TSCO on 5/5/2025.
• Sold $1,001 - $15,000 in shares of Toro NYSE: TTC on 4/29/2025.

Fortune Brands Innovations Stock Down 0.0%

NYSE FBIN traded down $0.03 on Friday, reaching $51.07. 474,009 shares of the stock traded hands, compared to its average volume of 1,572,388. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.65 and a current ratio of 1.25. The company has a fifty day moving average price of $52.58 and a 200-day moving average price of $63.85. Fortune Brands Innovations, Inc. has a 12 month low of $47.21 and a 12 month high of $90.54. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 2.00 and a beta of 1.38.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. Fortune Brands Innovations had a return on equity of 22.05% and a net margin of 10.24%. The firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same period last year, the business posted $0.83 earnings per share. The company's revenue for the quarter was down 6.9% compared to the same quarter last year. As a group, research analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Tuesday, May 27th. Fortune Brands Innovations's payout ratio is currently 29.33%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FBIN shares. Wall Street Zen upgraded Fortune Brands Innovations from a "sell" rating to a "hold" rating in a report on Friday, May 30th. UBS Group cut their price target on shares of Fortune Brands Innovations from $90.00 to $82.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Truist Financial set a $65.00 price target on shares of Fortune Brands Innovations in a research note on Wednesday, May 7th. Royal Bank of Canada cut their target price on shares of Fortune Brands Innovations from $70.00 to $59.00 and set a "sector perform" rating on the stock in a research note on Wednesday, May 7th. Finally, Barclays decreased their price objective on shares of Fortune Brands Innovations from $68.00 to $64.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $77.17.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP grew its holdings in Fortune Brands Innovations by 113.5% during the first quarter. Wellington Management Group LLP now owns 6,128,101 shares of the company's stock worth $373,079,000 after buying an additional 3,257,428 shares in the last quarter. Generation Investment Management LLP bought a new stake in shares of Fortune Brands Innovations in the 1st quarter worth approximately $98,157,000. Norges Bank bought a new position in shares of Fortune Brands Innovations during the 4th quarter worth $101,122,000. Amundi increased its stake in shares of Fortune Brands Innovations by 166.8% in the fourth quarter. Amundi now owns 2,306,864 shares of the company's stock worth $157,953,000 after purchasing an additional 1,442,195 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new position in shares of Fortune Brands Innovations in the fourth quarter worth $59,970,000. Institutional investors and hedge funds own 87.60% of the company's stock.

About Representative McClain Delaney

April McClain-Delaney (Democratic Party) is a member of the U.S. House, representing Maryland's 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. McClain-Delaney (Democratic Party) is running for re-election to the U.S. House to represent Maryland's 6th Congressional District. She declared candidacy for the 2026 election. April McClain-Delaney grew up in Buhl, Idaho, where her father was a potato farmer. She obtained her bachelor's degree in communications from Northwestern University in 1986 and her law degree from Georgetown Law Center in 1989. McClain-Delaney worked in communications law, first with the satellite firm Orion Network Systems and later as the Washington director for Common Sense Media, a nonprofit focused on technology and children. In 2022, McClain-Delaney joined the U.S. Department of Commerce under President Joe Biden (D) as deputy assistant secretary for communications and information. McClain-Delaney served on the board of the Georgetown University Law Center, the International Center for Research on Women, and the Northwestern University School of Communications.

Fortune Brands Innovations Company 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.