Fortune Brands Innovations (NYSE:FBIN) Releases Quarterly Earnings Results, Beats Estimates By $0.55 EPS

Fortune Brands Innovations (NYSE:FBIN) released its quarterly earnings results on Tuesday. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $0.80 by $0.55, Zacks reports. Fortune Brands Innovations had a net margin of 6.12% and a return on equity of 17.72%. Fortune Brands Innovations updated its FY 2026 guidance to 3.220-3.520 EPS.

Fortune Brands Innovations Price Performance

Shares of NYSE:FBIN traded up $0.55 during trading hours on Tuesday, hitting $52.72. 3,488,339 shares of the company’s stock traded hands, compared to its average volume of 2,752,856. Fortune Brands Innovations has a 52 week low of $32.34 and a 52 week high of $64.84. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 2.13. The company’s fifty day simple moving average is $46.36 and its two-hundred day simple moving average is $46.42. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 3.18 and a beta of 1.31.

Fortune Brands Innovations Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 21st. Fortune Brands Innovations’s dividend payout ratio is presently 46.22%.

Insider Activity at Fortune Brands Innovations

In other Fortune Brands Innovations news, Director Edward P. Garden bought 320,067 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was acquired at an average cost of $40.60 per share, with a total value of $12,994,720.20. Following the completion of the purchase, the director directly owned 3,940,234 shares in the company, valued at approximately $159,973,500.40. This trade represents a 8.84% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have purchased 786,367 shares of company stock valued at $28,653,958. 3.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FBIN. Royal Bank of Canada grew its holdings in shares of Fortune Brands Innovations by 0.8% in the 1st quarter. Royal Bank of Canada now owns 41,713 shares of the company’s stock worth $2,539,000 after acquiring an additional 324 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Fortune Brands Innovations by 20.5% during the first quarter. Empowered Funds LLC now owns 10,335 shares of the company’s stock valued at $629,000 after purchasing an additional 1,761 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Fortune Brands Innovations by 83.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 852 shares of the company’s stock valued at $52,000 after purchasing an additional 388 shares during the period. Cetera Investment Advisers boosted its position in shares of Fortune Brands Innovations by 7.6% in the 2nd quarter. Cetera Investment Advisers now owns 10,382 shares of the company’s stock valued at $534,000 after purchasing an additional 731 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Fortune Brands Innovations by 158.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock worth $27,000 after purchasing an additional 323 shares in the last quarter. Institutional investors own 87.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FBIN. Barclays lifted their price objective on shares of Fortune Brands Innovations from $41.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Truist Financial raised shares of Fortune Brands Innovations from a “hold” rating to a “buy” rating and raised their target price for the company from $45.00 to $70.00 in a research note on Tuesday, June 30th. Royal Bank Of Canada dropped their price target on shares of Fortune Brands Innovations from $56.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Bank of America reduced their price target on shares of Fortune Brands Innovations from $52.00 to $42.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Finally, Zacks Research upgraded shares of Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $54.08.

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.