Swiss Life Asset Management Ltd Decreases Stock Holdings in Fortune Brands Innovations, Inc. $FBIN

Swiss Life Asset Management Ltd lessened its stake in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 92.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,318 shares of the company’s stock after selling 62,634 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Fortune Brands Innovations were worth $284,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS lifted its holdings in Fortune Brands Innovations by 0.8% during the third quarter. KLP Kapitalforvaltning AS now owns 25,100 shares of the company’s stock valued at $1,340,000 after purchasing an additional 200 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Fortune Brands Innovations by 9.9% in the third quarter. Farther Finance Advisors LLC now owns 2,294 shares of the company’s stock valued at $122,000 after purchasing an additional 206 shares during the period. UMB Bank n.a. increased its stake in shares of Fortune Brands Innovations by 8.3% during the third quarter. UMB Bank n.a. now owns 2,794 shares of the company’s stock worth $149,000 after purchasing an additional 215 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Fortune Brands Innovations by 1.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 21,341 shares of the company’s stock worth $1,139,000 after purchasing an additional 219 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Fortune Brands Innovations by 11.3% during the 3rd quarter. Fifth Third Bancorp now owns 2,166 shares of the company’s stock worth $116,000 after purchasing an additional 220 shares during the last quarter. 87.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wolfe Research set a $64.00 price target on shares of Fortune Brands Innovations in a research note on Friday, February 13th. BMO Capital Markets cut their price objective on Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating for the company in a research note on Tuesday, February 17th. The Goldman Sachs Group reduced their target price on Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Barclays lowered Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $68.00 to $55.00 in a research note on Friday, February 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortune Brands Innovations in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Fortune Brands Innovations currently has a consensus rating of “Hold” and an average target price of $60.00.

Fortune Brands Innovations Stock Down 1.2%

Shares of NYSE FBIN opened at $38.16 on Friday. The stock has a market cap of $4.57 billion, a PE ratio of 15.45, a P/E/G ratio of 1.64 and a beta of 1.41. The company has a current ratio of 1.84, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07. Fortune Brands Innovations, Inc. has a 12-month low of $37.82 and a 12-month high of $64.84. The company has a 50-day moving average of $51.75 and a 200 day moving average of $51.91.

Fortune Brands Innovations (NYSE:FBIN) last released its earnings results on Thursday, February 12th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.14). The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.98 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. As a group, sell-side analysts predict that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

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.