Fortune Brands Innovations, Inc. (NYSE:FBIN) Receives Average Recommendation of “Hold” from Analysts

Fortune Brands Innovations, Inc. (NYSE:FBIN) has received a consensus recommendation of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $64.20.

A number of brokerages recently commented on FBIN. Barclays cut their target price on Fortune Brands Innovations from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Royal Bank Of Canada reduced their price objective on shares of Fortune Brands Innovations from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortune Brands Innovations in a research note on Monday. UBS Group cut their price objective on Fortune Brands Innovations from $83.00 to $79.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Fortune Brands Innovations in a report on Friday, October 31st.

Institutional Investors Weigh In On Fortune Brands Innovations

Large investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd bought a new position in Fortune Brands Innovations in the 2nd quarter valued at $87,611,000. Generation Investment Management LLP acquired a new stake in shares of Fortune Brands Innovations during the first quarter worth about $98,157,000. Bank of New York Mellon Corp lifted its holdings in shares of Fortune Brands Innovations by 147.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,691,827 shares of the company’s stock valued at $143,717,000 after purchasing an additional 1,605,453 shares in the last quarter. Norges Bank acquired a new position in shares of Fortune Brands Innovations in the 2nd quarter valued at approximately $78,395,000. Finally, Balyasny Asset Management L.P. bought a new stake in Fortune Brands Innovations during the 2nd quarter worth approximately $77,441,000. 87.60% of the stock is currently owned by institutional investors.

Fortune Brands Innovations Stock Performance

NYSE:FBIN opened at $50.04 on Friday. The firm’s 50-day moving average is $50.01 and its 200-day moving average is $53.11. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 3.70 and a beta of 1.40. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 1.95. Fortune Brands Innovations has a 52-week low of $44.04 and a 52-week high of $75.82.

Fortune Brands Innovations (NYSE:FBIN) last released its earnings results on Thursday, October 30th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.01). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. Fortune Brands Innovations had a return on equity of 19.28% and a net margin of 7.30%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $1.16 earnings per share. Fortune Brands Innovations has set its FY 2025 guidance at 3.700-3.800 EPS. Equities research analysts anticipate that Fortune Brands Innovations will post 4.24 earnings per share for the current year.

Fortune Brands Innovations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, February 20th. This is a positive change from Fortune Brands Innovations’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.1%. Fortune Brands Innovations’s dividend payout ratio (DPR) is 37.31%.

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.