Fortune Brands Innovations (NYSE:FBIN) CEO Buys $996,190.80 in Stock

Fortune Brands Innovations, Inc. (NYSE:FBIN) CEO Jesse Singh purchased 19,560 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was bought at an average price of $50.93 per share, with a total value of $996,190.80. Following the completion of the purchase, the chief executive officer owned 39,285 shares of the company’s stock, valued at approximately $2,000,785.05. This represents a 99.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Fortune Brands Innovations Trading Down 2.3%

Shares of Fortune Brands Innovations stock opened at $48.85 on Thursday. Fortune Brands Innovations, Inc. has a 12-month low of $32.34 and a 12-month high of $64.84. The stock has a market cap of $5.83 billion, a P/E ratio of 39.72, a P/E/G ratio of 1.81 and a beta of 1.31. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. The business’s 50 day moving average is $47.96 and its 200-day moving average is $45.91.

Fortune Brands Innovations (NYSE:FBIN) last released its earnings results on Tuesday, August 4th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate 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 period last year, the business earned $1.00 earnings per share. The firm’s revenue 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 3.37 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 given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 21st. Fortune Brands Innovations’s dividend payout ratio (DPR) is 84.55%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FBIN shares. JPMorgan Chase & Co. dropped 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 report on Friday, May 15th. Zacks Research upgraded Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings raised Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. The Goldman Sachs Group restated a “buy” rating and issued a $68.00 price objective on shares of Fortune Brands Innovations in a research note on Wednesday, August 5th. Finally, Evercore set a $56.00 price objective on Fortune Brands Innovations in a research report on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Fortune Brands Innovations currently has an average rating of “Hold” and a consensus target price of $55.33.

Institutional Trading of Fortune Brands Innovations

A number of hedge funds have recently modified their holdings of the stock. Danske Bank A S bought a new stake in shares of Fortune Brands Innovations during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC grew its stake in Fortune Brands Innovations by 158.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after buying an additional 323 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Fortune Brands Innovations in the 4th quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC raised its holdings in Fortune Brands Innovations by 1,275.0% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company’s stock valued at $28,000 after acquiring an additional 510 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in Fortune Brands Innovations during the first quarter worth approximately $30,000. Institutional investors and hedge funds own 87.60% of the company’s stock.

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.