Fortune Brands Innovations, Inc. $FBIN Position Boosted by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 16.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 18,723 shares of the company’s stock after purchasing an additional 2,713 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Fortune Brands Innovations were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FBIN. Stifel Financial Corp grew its holdings in Fortune Brands Innovations by 23.6% in the 4th quarter. Stifel Financial Corp now owns 10,256 shares of the company’s stock worth $701,000 after buying an additional 1,960 shares in the last quarter. Cetera Investment Advisers grew its holdings in Fortune Brands Innovations by 9.1% in the 4th quarter. Cetera Investment Advisers now owns 9,358 shares of the company’s stock worth $639,000 after buying an additional 777 shares in the last quarter. Deutsche Bank AG grew its holdings in Fortune Brands Innovations by 2.4% in the 4th quarter. Deutsche Bank AG now owns 280,177 shares of the company’s stock worth $19,144,000 after buying an additional 6,515 shares in the last quarter. Ensign Peak Advisors Inc grew its holdings in Fortune Brands Innovations by 2.6% in the 4th quarter. Ensign Peak Advisors Inc now owns 51,564 shares of the company’s stock worth $3,523,000 after buying an additional 1,303 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in Fortune Brands Innovations by 1.6% in the 4th quarter. Focus Partners Wealth now owns 160,878 shares of the company’s stock worth $11,007,000 after buying an additional 2,509 shares in the last quarter. 87.60% of the stock is owned by institutional investors.

Insider Activity at Fortune Brands Innovations

In other news, CEO Nicholas I. Fink sold 1,522 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $58.72, for a total transaction of $89,371.84. Following the completion of the sale, the chief executive officer owned 97,139 shares in the company, valued at approximately $5,704,002.08. This represents a 1.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

FBIN has been the subject of a number of recent analyst reports. Truist Financial reissued a “hold” rating and issued a $60.00 price objective (down from $65.00) on shares of Fortune Brands Innovations in a report on Wednesday, August 27th. UBS Group increased their price target on Fortune Brands Innovations from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Royal Bank Of Canada raised Fortune Brands Innovations from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $59.00 to $65.00 in a research note on Friday, August 1st. Barclays increased their price target on Fortune Brands Innovations from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised Fortune Brands Innovations from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $75.45.

Fortune Brands Innovations Price Performance

Shares of NYSE:FBIN opened at $60.80 on Monday. Fortune Brands Innovations, Inc. has a one year low of $47.21 and a one year high of $90.54. The stock has a fifty day moving average of $56.29 and a 200-day moving average of $55.70. The company has a market capitalization of $7.30 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 4.17 and a beta of 1.32. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.98 and a current ratio of 1.97.

Fortune Brands Innovations (NYSE:FBIN) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. Fortune Brands Innovations had a return on equity of 19.85% and a net margin of 8.75%.The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm earned $1.16 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2025 guidance at 3.750-3.950 EPS. As a group, equities analysts anticipate that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 22nd. Fortune Brands Innovations’s dividend payout ratio is 31.45%.

Fortune Brands Innovations Company Profile

Fortune Brands Innovations, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. The company operates through three segments: Water, Outdoors, and Security. The Water segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, and Schaub brands.