Petrus Trust Company LTA Buys New Shares in Fortune Brands Innovations, Inc. $FBIN

Petrus Trust Company LTA bought a new position in Fortune Brands Innovations, Inc. (NYSE:FBIN) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 97,800 shares of the company’s stock, valued at approximately $5,369,000. Fortune Brands Innovations accounts for about 0.5% of Petrus Trust Company LTA’s holdings, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of FBIN. Bamco Inc. NY bought a new position in shares of Fortune Brands Innovations in the second quarter worth about $63,605,000. Bank of America Corp DE purchased a new position in Fortune Brands Innovations in the 2nd quarter worth approximately $87,373,000. Freestone Grove Partners LP purchased a new position in Fortune Brands Innovations in the 2nd quarter worth approximately $136,063,000. Man Group plc bought a new position in Fortune Brands Innovations in the 2nd quarter worth approximately $2,095,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in Fortune Brands Innovations during the 2nd quarter valued at approximately $2,196,000. 87.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FBIN shares. Barclays lowered their target price on shares of Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 5th. Zacks Research upgraded Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings raised Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Robert W. Baird set a $44.00 target price on Fortune Brands Innovations in a research report on Friday, May 8th. Finally, UBS Group increased their price target on Fortune Brands Innovations from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.71.

Fortune Brands Innovations Stock Up 1.2%

Shares of NYSE FBIN opened at $46.23 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 1.11. Fortune Brands Innovations, Inc. has a 12-month low of $32.34 and a 12-month high of $64.84. The firm’s 50-day moving average price is $48.95 and its 200-day moving average price is $45.17. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 3.86 and a beta of 1.31.

Fortune Brands Innovations (NYSE:FBIN) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.55. The business had revenue of $1.15 billion for 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 period in the prior year, the business posted $1.00 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. On average, equities research analysts anticipate that Fortune Brands Innovations, Inc. will post 3.32 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.2%. Fortune Brands Innovations’s payout ratio is currently 84.55%.

Insider Transactions at Fortune Brands Innovations

In other news, Director Edward P. Garden purchased 320,067 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were bought at an average cost of $40.60 per share, for a total transaction of $12,994,720.20. Following 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jesse G. Singh acquired 19,725 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average cost of $51.66 per share, with a total value of $1,018,993.50. Following the purchase, the chief executive officer owned 19,725 shares of the company’s stock, valued at $1,018,993.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 359,352 shares of company stock valued at $15,009,905. 3.32% of the stock is owned by corporate insiders.

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.