UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 94,044 Shares of Fortune Brands Innovations, Inc. $FBIN

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 8.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,214,374 shares of the company’s stock after buying an additional 94,044 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Fortune Brands Innovations were worth $66,669,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Osaic Holdings Inc. grew its position in Fortune Brands Innovations by 0.8% in the fourth quarter. Osaic Holdings Inc. now owns 24,447 shares of the company’s stock worth $1,223,000 after acquiring an additional 198 shares in the last quarter. TD Private Client Wealth LLC raised its position in Fortune Brands Innovations by 3.0% during the fourth quarter. TD Private Client Wealth LLC now owns 7,308 shares of the company’s stock valued at $366,000 after purchasing an additional 213 shares during the period. Geneos Wealth Management Inc. raised its position in Fortune Brands Innovations by 30.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,108 shares of the company’s stock valued at $57,000 after purchasing an additional 256 shares during the period. Parallel Advisors LLC lifted its stake in shares of Fortune Brands Innovations by 31.8% in the 1st quarter. Parallel Advisors LLC now owns 1,247 shares of the company’s stock valued at $49,000 after purchasing an additional 301 shares during the last quarter. Finally, IMA Advisory Services Inc. lifted its stake in shares of Fortune Brands Innovations by 3.3% in the 1st quarter. IMA Advisory Services Inc. now owns 9,713 shares of the company’s stock valued at $379,000 after purchasing an additional 306 shares during the last quarter. Institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Trading Up 0.4%

FBIN opened at $42.94 on Thursday. 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 stock’s 50 day moving average price is $49.14 and its 200-day moving average price is $44.53. Fortune Brands Innovations, Inc. has a one year low of $32.34 and a one year high of $64.84. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.90 and a beta of 1.30.

Fortune Brands Innovations (NYSE:FBIN) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $1.00 EPS. Fortune Brands Innovations’s quarterly revenue was down 4.1% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. On average, equities analysts forecast that Fortune Brands Innovations, Inc. will post 3.33 EPS for the current year.

Fortune Brands Innovations Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be paid a $0.26 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.04 dividend on an annualized basis and a yield of 2.4%. Fortune Brands Innovations’s dividend payout ratio (DPR) is presently 84.55%.

Analysts Set New Price Targets

Several research firms have recently weighed in on FBIN. Wells Fargo & Company began coverage on Fortune Brands Innovations in a research report on Monday, August 24th. They set an “overweight” rating and a $52.00 target price on the stock. Evercore set a $56.00 price target on Fortune Brands Innovations in a research report on Wednesday, August 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $68.00 price objective on shares of Fortune Brands Innovations in a research note on Wednesday, August 5th. Royal Bank Of Canada boosted their price objective on shares of Fortune Brands Innovations from $50.00 to $57.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Fortune Brands Innovations presently has an average rating of “Hold” and a consensus price target of $55.71.

Insider Buying and Selling at Fortune Brands Innovations

In related news, Director Edward P. Garden purchased 320,067 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were purchased at an average cost of $40.60 per share, for a total transaction of $12,994,720.20. Following the completion of the acquisition, the director owned 3,940,234 shares in the company, valued at approximately $159,973,500.40. This trade represents a 8.84% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jesse G. Singh purchased 19,560 shares of Fortune Brands Innovations stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average cost of $50.93 per share, for a total transaction of $996,190.80. Following the purchase, the chief executive officer directly owned 39,285 shares in the company, valued at $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. Over the last quarter, insiders have bought 359,352 shares of company stock valued at $15,009,905. Corporate insiders own 3.32% of the company’s stock.

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.