Syon Capital LLC Takes $663,000 Position in Fortune Brands Innovations, Inc. $FBIN

Syon Capital LLC bought a new stake in Fortune Brands Innovations, Inc. (NYSE:FBIN) in the second quarter, Holdings Channel reports. The institutional investor bought 12,083 shares of the company’s stock, valued at approximately $663,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Fortune Brands Innovations during the second quarter worth $1,062,255,000. Orbis Allan Gray Ltd raised its stake in shares of Fortune Brands Innovations by 586.7% in the 4th quarter. Orbis Allan Gray Ltd now owns 7,272,289 shares of the company’s stock valued at $363,760,000 after buying an additional 6,213,274 shares in the last quarter. Garden Investment Management L.P. bought a new position in shares of Fortune Brands Innovations during the 1st quarter worth about $137,471,000. Pictet Asset Management Holding SA lifted its holdings 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 worth $303,757,000 after acquiring an additional 3,317,232 shares during the period. Finally, Freestone Grove Partners LP acquired a new stake in shares of Fortune Brands Innovations during the 2nd quarter valued at about $136,063,000. 87.60% of the stock is owned by institutional investors.

Insider Activity at Fortune Brands Innovations

In other news, Director Edward Garden bought 320,067 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was bought at an average price of $40.60 per share, for a total transaction 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 approximately $159,973,500.40. The trade was a 8.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jesse Singh bought 19,560 shares of Fortune Brands Innovations stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of $50.93 per share, for a total transaction of $996,190.80. Following the completion of the acquisition, the chief executive officer directly owned 39,285 shares in the company, valued at $2,000,785.05. This represents a 99.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 359,352 shares of company stock valued at $15,009,905. Company insiders own 3.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $68.00 target price on shares of Fortune Brands Innovations in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group lifted their price objective on Fortune Brands Innovations from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Barclays lowered their price objective on Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $55.71.

Fortune Brands Innovations Stock Down 0.0%

Shares of NYSE:FBIN opened at $43.10 on Tuesday. The company’s fifty day moving average is $48.85 and its 200-day moving average is $44.34. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 2.01. Fortune Brands Innovations, Inc. has a 52 week low of $32.34 and a 52 week high of $64.84. The company has a market capitalization of $5.14 billion, a PE ratio of 35.04, a P/E/G ratio of 1.91 and a beta of 1.30.

Fortune Brands Innovations (NYSE:FBIN) last announced its 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 net margin of 3.39% and a return on equity of 19.50%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the company posted $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. Equities research analysts predict that Fortune Brands Innovations, Inc. will post 3.33 earnings per share for the current fiscal year.

Fortune Brands Innovations Dividend Announcement

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

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.