PEAK6 LLC Invests $2.56 Million in Fortune Brands Innovations, Inc. $FBIN

PEAK6 LLC bought a new position in Fortune Brands Innovations, Inc. (NYSE:FBIN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 46,589 shares of the company’s stock, valued at approximately $2,558,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its position in Fortune Brands Innovations by 0.8% during the fourth quarter. Osaic Holdings Inc. now owns 24,447 shares of the company’s stock valued at $1,223,000 after acquiring an additional 198 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Fortune Brands Innovations by 3.0% in the 4th quarter. TD Private Client Wealth LLC now owns 7,308 shares of the company’s stock worth $366,000 after purchasing an additional 213 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Fortune Brands Innovations by 30.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,108 shares of the company’s stock worth $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 in 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 in the last quarter. Institutional investors and hedge funds own 87.60% of the company’s stock.

Insider Transactions at Fortune Brands Innovations

In other Fortune Brands Innovations news, Director Edward P. Garden purchased 320,067 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired 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 in the company, valued at $159,973,500.40. The trade was a 8.84% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jesse G. Singh purchased 19,725 shares of Fortune Brands Innovations stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average cost of $51.66 per share, with a total value of $1,018,993.50. Following the acquisition, the chief executive officer directly owned 19,725 shares of the company’s stock, valued at $1,018,993.50. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 359,352 shares of company stock valued at $15,009,905. 3.32% of the stock is currently owned by corporate insiders.

Fortune Brands Innovations Trading Up 0.2%

FBIN opened at $44.64 on Monday. The firm has a market capitalization of $5.33 billion, a P/E ratio of 36.29, a P/E/G ratio of 3.77 and a beta of 1.31. The firm’s 50 day moving average is $48.73 and its 200-day moving average is $45.46. Fortune Brands Innovations, Inc. has a 52-week low of $32.34 and a 52-week high of $64.84. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11.

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, beating the consensus estimate of $0.80 by $0.55. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Analysts expect that Fortune Brands Innovations, Inc. will post 3.32 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders 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 yield of 2.3%. The ex-dividend date of this dividend is Friday, August 21st. Fortune Brands Innovations’s dividend payout ratio is presently 84.55%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FBIN shares. Robert W. Baird set a $44.00 target price on shares of Fortune Brands Innovations in a research report on Friday, May 8th. UBS Group lifted their price target on shares of Fortune Brands Innovations from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Zacks Research raised shares of Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. cut 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. Finally, BMO Capital Markets raised their target price on shares of Fortune Brands Innovations from $50.00 to $53.00 and gave the company a “market perform” rating in a research note on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $55.33.

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.