Keeley Teton Advisors LLC Sells 1,808 Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN)

Keeley Teton Advisors LLC decreased its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,804 shares of the company’s stock after selling 1,808 shares during the period. Keeley Teton Advisors LLC’s holdings in Fortune Brands Innovations were worth $1,832,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FBIN. Flagship Wealth Advisors LLC purchased a new stake in shares of Fortune Brands Innovations in the 4th quarter valued at about $31,000. Wingate Wealth Advisors Inc. purchased a new stake in Fortune Brands Innovations in the fourth quarter valued at approximately $55,000. IFP Advisors Inc lifted its position in Fortune Brands Innovations by 47.6% during the fourth quarter. IFP Advisors Inc now owns 853 shares of the company’s stock valued at $62,000 after purchasing an additional 275 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in Fortune Brands Innovations in the 4th quarter worth approximately $82,000. Finally, Blue Trust Inc. increased its holdings in shares of Fortune Brands Innovations by 18.0% in the 4th quarter. Blue Trust Inc. now owns 1,436 shares of the company’s stock worth $98,000 after buying an additional 219 shares during the last quarter. 87.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FBIN has been the subject of a number of research analyst reports. Barclays dropped their price objective on shares of Fortune Brands Innovations from $79.00 to $68.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada cut their price objective on Fortune Brands Innovations from $75.00 to $70.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on Fortune Brands Innovations in a report on Tuesday, April 1st. They set a “hold” rating and a $70.00 price objective on the stock. UBS Group cut their target price on Fortune Brands Innovations from $93.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, The Goldman Sachs Group decreased their price target on shares of Fortune Brands Innovations from $97.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $84.33.

Insider Buying and Selling at Fortune Brands Innovations

In related news, EVP Kristin Papesh acquired 483 shares of Fortune Brands Innovations stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $61.99 per share, with a total value of $29,941.17. Following the transaction, the executive vice president now owns 7,617 shares in the company, valued at $472,177.83. This trade represents a 6.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ron Wilson sold 1,500 shares of Fortune Brands Innovations stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $68.94, for a total transaction of $103,410.00. Following the sale, the executive vice president now directly owns 10,066 shares in the company, valued at $693,950.04. The trade was a 12.97 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Fortune Brands Innovations Stock Down 0.1 %

Shares of NYSE FBIN opened at $51.48 on Wednesday. The firm’s fifty day moving average is $61.60 and its 200 day moving average is $72.01. Fortune Brands Innovations, Inc. has a 52 week low of $47.21 and a 52 week high of $90.54. The company has a quick ratio of 0.65, a current ratio of 1.25 and a debt-to-equity ratio of 0.90. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 2.00 and a beta of 1.42.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.07). Fortune Brands Innovations had a net margin of 10.24% and a return on equity of 22.05%. On average, equities research analysts expect that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current year.

Fortune Brands Innovations 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.