Fortune Brands Innovations (NYSE:FBIN) Rating Increased to Strong-Buy at DA Davidson

Fortune Brands Innovations (NYSE:FBIN) was upgraded by DA Davidson to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on FBIN. Zacks Research raised Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. The Goldman Sachs Group reissued a “buy” rating and set a $68.00 price target on shares of Fortune Brands Innovations in a research report on Wednesday, August 5th. UBS Group upped their price objective on shares of Fortune Brands Innovations from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. BMO Capital Markets raised their price objective on shares of Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 28th. Finally, Evercore set a $56.00 target price on shares of Fortune Brands Innovations in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Fortune Brands Innovations presently has a consensus rating of “Hold” and a consensus target price of $55.71.

Fortune Brands Innovations Trading Up 1.7%

Shares of Fortune Brands Innovations stock opened at $45.74 on Monday. The stock has a market cap of $5.46 billion, a P/E ratio of 37.19, a P/E/G ratio of 3.80 and a beta of 1.31. The stock’s 50 day simple moving average is $48.83 and its 200-day simple moving average is $45.27. Fortune Brands Innovations has a 1-year low of $32.34 and a 1-year high of $64.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.05.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.16 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The business’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. Analysts predict that Fortune Brands Innovations will post 3.32 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jesse G. Singh bought 19,560 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were bought at an average price of $50.93 per share, with a total value of $996,190.80. Following the completion of the transaction, the chief executive officer directly owned 39,285 shares of the company’s stock, valued at $2,000,785.05. This represents a 99.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward P. Garden bought 320,067 shares of the stock in a transaction on Wednesday, June 10th. The shares were bought at an average cost of $40.60 per share, with a total value of $12,994,720.20. Following the purchase, the director owned 3,940,234 shares of the company’s stock, valued at $159,973,500.40. This trade represents a 8.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 359,352 shares of company stock worth $15,009,905. 3.32% of the stock is owned by insiders.

Institutional Trading of Fortune Brands Innovations

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FBIN. Danske Bank A S acquired a new position in Fortune Brands Innovations during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Fortune Brands Innovations by 158.3% in the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after buying an additional 323 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of 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 buying an additional 510 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in Fortune Brands Innovations during the 1st quarter worth about $30,000. Finally, Brown Brothers Harriman & Co. lifted its stake in Fortune Brands Innovations by 628.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 605 shares of the company’s stock worth $30,000 after acquiring an additional 522 shares in the last quarter. Hedge funds and other institutional investors 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.