The Manufacturers Life Insurance Company Makes New $4.74 Million Investment in Fortune Brands Innovations, Inc. $FBIN

The Manufacturers Life Insurance Company acquired a new position in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 86,271 shares of the company’s stock, valued at approximately $4,736,000. The Manufacturers Life Insurance Company owned approximately 0.07% of Fortune Brands Innovations at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Fortune Brands Innovations during the second quarter valued at approximately $1,062,255,000. Pictet Asset Management Holding SA increased its position in shares of Fortune Brands Innovations by 74.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 7,798,078 shares of the company’s stock valued at $303,757,000 after purchasing an additional 3,317,232 shares during the last quarter. Orbis Allan Gray Ltd increased its position in shares of Fortune Brands Innovations by 586.7% during the 4th quarter. Orbis Allan Gray Ltd now owns 7,272,289 shares of the company’s stock valued at $363,760,000 after purchasing an additional 6,213,274 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Fortune Brands Innovations by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,064,086 shares of the company’s stock valued at $158,362,000 after buying an additional 271,371 shares during the period. Finally, Garden Investment Management L.P. bought a new stake in Fortune Brands Innovations in the first quarter worth $137,471,000. 87.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FBIN has been the subject of several analyst reports. Royal Bank Of Canada raised their price objective on shares of Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Robert W. Baird set a $44.00 target price on Fortune Brands Innovations in a research note on Friday, May 8th. Weiss Ratings upgraded Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. The Goldman Sachs Group reissued a “buy” rating and set a $68.00 price target on shares of Fortune Brands Innovations in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. dropped their price objective on Fortune Brands Innovations from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $55.71.

Insider Buying and Selling

In other news, Director Edward P. Garden acquired 320,067 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was acquired at an average price of $40.60 per share, for a total transaction of $12,994,720.20. Following the completion of the transaction, the director owned 3,940,234 shares in the company, valued at approximately $159,973,500.40. The trade was a 8.84% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jesse G. Singh acquired 19,725 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was acquired at an average price of $51.66 per share, with a total value of $1,018,993.50. Following the completion of the transaction, the chief executive officer directly owned 19,725 shares of the company’s stock, valued at approximately $1,018,993.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 359,352 shares of company stock valued at $15,009,905 over the last three months. 3.32% of the stock is currently owned by corporate insiders.

Fortune Brands Innovations Price Performance

FBIN opened at $44.44 on Tuesday. The firm has a market capitalization of $5.30 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 3.84 and a beta of 1.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.05. The business’s 50-day moving average is $49.13 and its two-hundred day moving average is $44.81. Fortune Brands Innovations, Inc. has a 1 year low of $32.34 and a 1 year high of $64.84.

Fortune Brands Innovations (NYSE:FBIN) last announced its earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.55. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $1.00 EPS. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Research analysts anticipate that Fortune Brands Innovations, Inc. will post 3.33 earnings per share for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be given 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 dividend payout ratio (DPR) is currently 84.55%.

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.