38,161 Shares in Fortune Brands Innovations, Inc. $FBIN Purchased by Man Group plc

Man Group plc acquired a new stake in Fortune Brands Innovations, Inc. (NYSE:FBIN) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 38,161 shares of the company’s stock, valued at approximately $2,095,000.

Other institutional investors have also added to or reduced their stakes in the company. Osaic Holdings Inc. increased its stake in shares of Fortune Brands Innovations by 0.8% in the fourth quarter. Osaic Holdings Inc. now owns 24,447 shares of the company’s stock worth $1,223,000 after purchasing an additional 198 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Fortune Brands Innovations by 3.0% in the 4th quarter. TD Private Client Wealth LLC now owns 7,308 shares of the company’s stock worth $366,000 after buying an additional 213 shares during the period. Geneos Wealth Management Inc. grew its stake in Fortune Brands Innovations by 30.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,108 shares of the company’s stock valued at $57,000 after buying an additional 256 shares in the last quarter. Parallel Advisors LLC grew its stake in Fortune Brands Innovations by 31.8% in the 1st quarter. Parallel Advisors LLC now owns 1,247 shares of the company’s stock valued at $49,000 after buying an additional 301 shares in the last quarter. Finally, IMA Advisory Services Inc. raised its holdings in Fortune Brands Innovations by 3.3% during the 1st quarter. IMA Advisory Services Inc. now owns 9,713 shares of the company’s stock valued at $379,000 after acquiring an additional 306 shares during the period. 87.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FBIN has been the subject of a number of analyst reports. Evercore set a $56.00 price target on Fortune Brands Innovations in a report on Wednesday, August 5th. DA Davidson assumed coverage on Fortune Brands Innovations in a research note on Monday, August 24th. They set a “buy” rating and a $64.00 price objective on the stock. Barclays dropped their price objective on Fortune Brands Innovations from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 5th. BMO Capital Markets raised their target price on Fortune Brands Innovations from $50.00 to $53.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. decreased their price target on Fortune Brands Innovations from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $55.71.

Fortune Brands Innovations Trading Down 3.6%

Fortune Brands Innovations stock opened at $42.73 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 2.01. Fortune Brands Innovations, Inc. has a fifty-two week low of $32.34 and a fifty-two week high of $64.84. The stock has a market cap of $5.10 billion, a P/E ratio of 34.74, a PEG ratio of 3.74 and a beta of 1.30. The firm’s fifty day moving average price is $49.17 and its 200-day moving average price is $44.66.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.55. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Equities research analysts forecast that Fortune Brands Innovations, Inc. will post 3.33 earnings per share for the current fiscal year.

Fortune Brands Innovations Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.04 annualized dividend and a dividend yield of 2.4%. Fortune Brands Innovations’s payout ratio is presently 84.55%.

Insider Buying and Selling

In related news, Director Edward P. Garden bought 320,067 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were 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 of the company’s stock, valued at $159,973,500.40. This trade represents a 8.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jesse G. Singh bought 19,560 shares of the company’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 owned 39,285 shares of the company’s stock, valued at $2,000,785.05. The trade was a 99.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 359,352 shares of company stock worth $15,009,905 over the last ninety days. 3.32% of the stock is currently owned by insiders.

Fortune Brands Innovations 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.