Analysts Set Fortune Brands Innovations, Inc. (NYSE:FBIN) Price Target at $64.20

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) have received an average rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $64.20.

Several research firms have recently commented on FBIN. Barclays reduced their target price on shares of Fortune Brands Innovations from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortune Brands Innovations in a research note on Monday. Vertical Research began coverage on shares of Fortune Brands Innovations in a research note on Tuesday, October 21st. They issued a “hold” rating and a $52.00 price objective for the company. Evercore ISI restated an “outperform” rating on shares of Fortune Brands Innovations in a research report on Friday, October 31st. Finally, Royal Bank Of Canada reduced their price target on shares of Fortune Brands Innovations from $65.00 to $63.00 and set an “outperform” rating for the company in a research report on Friday, October 31st.

Fortune Brands Innovations Price Performance

Shares of FBIN opened at $50.79 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 1.95. Fortune Brands Innovations has a fifty-two week low of $44.04 and a fifty-two week high of $75.82. The firm has a 50-day simple moving average of $50.06 and a 200-day simple moving average of $53.16. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 3.77 and a beta of 1.40.

Fortune Brands Innovations (NYSE:FBIN) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.01). Fortune Brands Innovations had a net margin of 7.30% and a return on equity of 19.28%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm earned $1.16 EPS. The business’s revenue was down .5% on a year-over-year basis. Fortune Brands Innovations has set its FY 2025 guidance at 3.700-3.800 EPS. On average, equities research analysts anticipate that Fortune Brands Innovations will post 4.24 earnings per share for the current year.

Fortune Brands Innovations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Friday, February 20th will be issued a dividend of $0.26 per share. This is a boost from Fortune Brands Innovations’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, February 20th. Fortune Brands Innovations’s payout ratio is presently 37.31%.

Institutional Trading of Fortune Brands Innovations

Several large investors have recently bought and sold shares of FBIN. Hilltop National Bank acquired a new stake in Fortune Brands Innovations in the 3rd quarter valued at about $26,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Fortune Brands Innovations in the second quarter valued at about $26,000. EverSource Wealth Advisors LLC grew its position in shares of Fortune Brands Innovations by 158.3% in the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after purchasing an additional 323 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Fortune Brands Innovations by 119.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 539 shares of the company’s stock worth $28,000 after purchasing an additional 293 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Fortune Brands Innovations during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 87.60% of the company’s stock.

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.