Fortune Brands Innovations, Inc. (FBIN) To Go Ex-Dividend on May 22nd

Fortune Brands Innovations, Inc. (NYSE:FBIN) declared a quarterly dividend on Monday, May 4th. Investors of record on Friday, May 22nd will be given a dividend of 0.26 per share on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 22nd.

Fortune Brands Innovations has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Fortune Brands Innovations has a payout ratio of 24.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Fortune Brands Innovations to earn $3.92 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 26.5%.

Fortune Brands Innovations Stock Performance

Shares of FBIN opened at $38.23 on Wednesday. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 1.86 and a beta of 1.40. The business’s fifty day simple moving average is $42.80 and its two-hundred day simple moving average is $49.34. Fortune Brands Innovations has a 12 month low of $36.07 and a 12 month high of $64.84. The company has a current ratio of 1.84, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.14). Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. Research analysts anticipate that Fortune Brands Innovations will post 3.41 earnings per share for the current fiscal year.

Institutional Trading of Fortune Brands Innovations

A number of hedge funds and other institutional investors have recently modified their holdings of FBIN. Pictet Asset Management Holding SA lifted its stake in shares of Fortune Brands Innovations by 74.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 7,798,078 shares of the company’s stock valued at $303,757,000 after buying an additional 3,317,232 shares in the last quarter. Orbis Allan Gray Ltd increased its stake in Fortune Brands Innovations by 586.7% in the 4th quarter. Orbis Allan Gray Ltd now owns 7,272,289 shares of the company’s stock worth $363,760,000 after buying an additional 6,213,274 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Fortune Brands Innovations by 16.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,792,715 shares of the company’s stock worth $189,717,000 after buying an additional 541,633 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Fortune Brands Innovations by 20.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,236,159 shares of the company’s stock valued at $161,873,000 after acquiring an additional 544,332 shares during the period. Finally, Amundi raised its holdings in Fortune Brands Innovations by 15.2% during the third quarter. Amundi now owns 2,879,208 shares of the company’s stock valued at $152,263,000 after acquiring an additional 380,275 shares during the period. 87.60% of the stock is owned by hedge funds and other institutional investors.

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.