Cullen Capital Management LLC Purchases New Stake in Fortune Brands Innovations, Inc. $FBIN

Cullen Capital Management LLC acquired a new position in Fortune Brands Innovations, Inc. (NYSE:FBIN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,353 shares of the company’s stock, valued at approximately $678,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Fortune Brands Innovations in the 2nd quarter valued at about $1,062,255,000. Pictet Asset Management Holding SA boosted its holdings in shares of Fortune Brands Innovations by 74.0% during the first quarter. Pictet Asset Management Holding SA now owns 7,798,078 shares of the company’s stock worth $303,757,000 after purchasing an additional 3,317,232 shares during the period. Orbis Allan Gray Ltd boosted its holdings in shares of Fortune Brands Innovations by 586.7% during the fourth quarter. Orbis Allan Gray Ltd now owns 7,272,289 shares of the company’s stock worth $363,760,000 after purchasing an additional 6,213,274 shares during the period. Dimensional Fund Advisors LP grew its position in Fortune Brands Innovations by 7.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,064,086 shares of the company’s stock valued at $158,362,000 after purchasing an additional 271,371 shares in the last quarter. Finally, Garden Investment Management L.P. purchased a new position in Fortune Brands Innovations during the first quarter valued at approximately $137,471,000. 87.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FBIN has been the subject of a number of research analyst reports. Wells Fargo & Company assumed coverage on shares of Fortune Brands Innovations in a research report on Monday. They issued an “overweight” rating and a $52.00 target price for the company. Royal Bank Of Canada boosted their price target on shares of Fortune Brands Innovations from $50.00 to $57.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Zacks Research raised shares of Fortune Brands Innovations from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. DA Davidson initiated coverage on Fortune Brands Innovations in a report on Monday. They set a “buy” rating and a $64.00 price objective for the company. Finally, UBS Group lifted their price objective on Fortune Brands Innovations from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Fortune Brands Innovations currently has a consensus rating of “Hold” and an average price target of $55.71.

Fortune Brands Innovations Stock Performance

Shares of FBIN opened at $45.74 on Wednesday. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 37.19, a price-to-earnings-growth ratio of 3.80 and a beta of 1.31. The company’s fifty day moving average is $48.83 and its 200-day moving average is $45.27. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. Fortune Brands Innovations, Inc. has a 12 month low of $32.34 and a 12 month high of $64.84.

Fortune Brands Innovations (NYSE:FBIN) last released 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 business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. Fortune Brands Innovations’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Equities analysts expect that Fortune Brands Innovations, Inc. will post 3.32 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.3%. Fortune Brands Innovations’s payout ratio is currently 84.55%.

Insider Transactions at Fortune Brands Innovations

In related news, CEO Jesse G. Singh purchased 19,560 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $50.93 per share, for a total transaction of $996,190.80. Following the purchase, the chief executive officer owned 39,285 shares in the company, valued at $2,000,785.05. The trade was a 99.16% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Edward P. Garden purchased 320,067 shares of the stock in a transaction on Wednesday, June 10th. The shares were bought at an average price of $40.60 per share, for a total transaction of $12,994,720.20. Following the acquisition, the director owned 3,940,234 shares of the company’s stock, valued at approximately $159,973,500.40. The trade was a 8.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 359,352 shares of company stock valued at $15,009,905 in the last ninety days. Insiders own 3.32% of the company’s stock.

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.