Cwm LLC Buys 169 Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN)

Cwm LLC lifted its holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 8.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,199 shares of the company’s stock after purchasing an additional 169 shares during the period. Cwm LLC’s holdings in Fortune Brands Innovations were worth $197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Family Firm Inc. acquired a new position in shares of Fortune Brands Innovations during the second quarter valued at about $31,000. LRI Investments LLC purchased a new stake in Fortune Brands Innovations in the 1st quarter worth approximately $34,000. Brown Brothers Harriman & Co. increased its holdings in Fortune Brands Innovations by 526.5% in the second quarter. Brown Brothers Harriman & Co. now owns 520 shares of the company’s stock valued at $34,000 after buying an additional 437 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in Fortune Brands Innovations during the first quarter worth approximately $51,000. Finally, Rothschild Investment LLC acquired a new stake in Fortune Brands Innovations in the 2nd quarter valued at $54,000. 87.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group raised their target price on Fortune Brands Innovations from $100.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Loop Capital cut their price target on shares of Fortune Brands Innovations from $82.00 to $79.00 and set a “hold” rating for the company in a report on Friday, July 12th. JPMorgan Chase & Co. upped their price objective on shares of Fortune Brands Innovations from $82.00 to $84.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Truist Financial raised their price target on Fortune Brands Innovations from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group upped their price objective on Fortune Brands Innovations from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $90.20.

Fortune Brands Innovations Stock Down 0.9 %

FBIN stock opened at $86.66 on Thursday. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 2.79 and a beta of 1.51. Fortune Brands Innovations, Inc. has a 12 month low of $54.10 and a 12 month high of $90.54. The company has a fifty day moving average price of $83.52 and a 200 day moving average price of $75.61. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.34 and a quick ratio of 0.71.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. Fortune Brands Innovations had a net margin of 9.39% and a return on equity of 22.93%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the company posted $1.07 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Sell-side analysts expect that Fortune Brands Innovations, Inc. will post 4.29 earnings per share for the current year.

Fortune Brands Innovations Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 22nd will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, November 22nd. Fortune Brands Innovations’s dividend payout ratio (DPR) is 29.36%.

About Fortune Brands Innovations

Fortune Brands Innovations, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. The company operates through three segments: Water, Outdoors, and Security. The Water segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, and Schaub brands.