12,353 Shares in Fortune Brands Innovations, Inc. $FBIN Bought by Cullen Capital Management LLC

Cullen Capital Management LLC acquired a new stake in Fortune Brands Innovations, Inc. (NYSE:FBIN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,353 shares of the company’s stock, valued at approximately $678,000.

Other institutional investors have also modified their holdings of the company. Garden Investment Management L.P. acquired a new stake in Fortune Brands Innovations in the first quarter valued at $137,471,000. Diamond Hill Capital Management Inc. grew its holdings in Fortune Brands Innovations by 7.3% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 554,244 shares of the company’s stock worth $27,723,000 after acquiring an additional 37,861 shares in the last quarter. Black Cypress Capital Management LLC increased its position in shares of Fortune Brands Innovations by 22.6% in the 4th quarter. Black Cypress Capital Management LLC now owns 150,825 shares of the company’s stock worth $7,544,000 after purchasing an additional 27,824 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fortune Brands Innovations by 2,071.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 147,689 shares of the company’s stock valued at $7,387,000 after purchasing an additional 140,888 shares in the last quarter. Finally, Vulcan Value Partners LLC raised its stake in shares of Fortune Brands Innovations by 18.2% in the 4th quarter. Vulcan Value Partners LLC now owns 353,520 shares of the company’s stock valued at $17,683,000 after purchasing an additional 54,492 shares in the last quarter. Institutional investors and hedge funds own 87.60% of the company’s stock.

Fortune Brands Innovations Trading Up 1.7%

Fortune Brands Innovations stock opened at $45.74 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 2.01. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 37.19, a price-to-earnings-growth ratio of 3.80 and a beta of 1.31. Fortune Brands Innovations, Inc. has a 1 year low of $32.34 and a 1 year high of $64.84. The firm’s 50 day moving average price is $48.83 and its two-hundred day moving average price is $45.27.

Fortune Brands Innovations (NYSE:FBIN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.55. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. On average, research analysts predict that Fortune Brands Innovations, Inc. will post 3.32 EPS for the current fiscal year.

Fortune Brands Innovations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 21st. Fortune Brands Innovations’s payout ratio is presently 84.55%.

Insider Transactions at Fortune Brands Innovations

In other news, Director Edward P. Garden acquired 320,067 shares of Fortune Brands Innovations stock in a transaction on Wednesday, June 10th. The stock was bought at an average cost of $40.60 per share, with a total value of $12,994,720.20. Following the completion of the purchase, the director owned 3,940,234 shares of the company’s stock, valued at $159,973,500.40. This represents a 8.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jesse G. Singh bought 19,560 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was purchased at an average price of $50.93 per share, with a total value of $996,190.80. Following the completion of the acquisition, the chief executive officer owned 39,285 shares of the company’s stock, valued at approximately $2,000,785.05. This trade represents a 99.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 359,352 shares of company stock valued at $15,009,905 over the last ninety days. Insiders own 3.32% of the company’s stock.

Wall Street Analysts Forecast Growth

FBIN has been the subject of a number of research reports. Weiss Ratings upgraded Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Royal Bank Of Canada increased their target price on Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Zacks Research raised shares of Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Robert W. Baird set a $44.00 price target on shares of Fortune Brands Innovations in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. cut their target price on Fortune Brands Innovations from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fortune Brands Innovations has a consensus rating of “Hold” and a consensus price target of $55.71.

About Fortune Brands Innovations

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.