Fiduciary Management Inc. WI Has $138.82 Million Holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN)

Fiduciary Management Inc. WI decreased its stake in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,031,642 shares of the company’s stock after selling 2,407 shares during the quarter. Fiduciary Management Inc. WI’s holdings in Fortune Brands Innovations were worth $138,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake in Fortune Brands Innovations by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 864,833 shares of the company’s stock worth $59,094,000 after acquiring an additional 11,722 shares in the last quarter. Trust Point Inc. bought a new position in shares of Fortune Brands Innovations during the 4th quarter worth about $319,000. Raymond James Financial Inc. bought a new position in shares of Fortune Brands Innovations during the 4th quarter worth about $40,027,000. SG Americas Securities LLC grew its stake in shares of Fortune Brands Innovations by 812.5% in the 4th quarter. SG Americas Securities LLC now owns 33,543 shares of the company’s stock valued at $2,292,000 after buying an additional 29,867 shares during the period. Finally, M&T Bank Corp increased its position in Fortune Brands Innovations by 41.9% in the 4th quarter. M&T Bank Corp now owns 23,591 shares of the company’s stock valued at $1,612,000 after buying an additional 6,971 shares in the last quarter. Institutional investors and hedge funds own 87.60% of the company’s stock.

Insider Activity at Fortune Brands Innovations

In other news, EVP Kristin Papesh bought 483 shares of the stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $61.99 per share, for a total transaction of $29,941.17. Following the completion of the purchase, the executive vice president now directly owns 7,617 shares in the company, valued at $472,177.83. This represents a 6.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ron Wilson sold 1,500 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $68.94, for a total value of $103,410.00. Following the transaction, the executive vice president now directly owns 10,066 shares in the company, valued at $693,950.04. This represents a 12.97 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Fortune Brands Innovations Trading Up 1.9 %

NYSE FBIN opened at $51.41 on Friday. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 2.00 and a beta of 1.42. The business’s fifty day moving average is $60.55 and its 200-day moving average is $71.34. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.25 and a quick ratio of 0.65. Fortune Brands Innovations, Inc. has a one year low of $47.21 and a one year high of $90.54.

Fortune Brands Innovations (NYSE:FBIN) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.07). Fortune Brands Innovations had a return on equity of 22.05% and a net margin of 10.24%. Equities research analysts predict that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current year.

Analyst Ratings Changes

FBIN has been the subject of several recent research reports. Barclays decreased their price objective on Fortune Brands Innovations from $79.00 to $68.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fortune Brands Innovations in a report on Tuesday, April 1st. They set a “hold” rating and a $70.00 price objective for the company. UBS Group decreased their price objective on Fortune Brands Innovations from $93.00 to $90.00 and set a “buy” rating for the company in a report on Friday, February 7th. The Goldman Sachs Group decreased their price target on Fortune Brands Innovations from $97.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Royal Bank of Canada dropped their price objective on Fortune Brands Innovations from $75.00 to $70.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.33.

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.