The Manufacturers Life Insurance Company Buys New Shares in Fortune Brands Innovations, Inc. $FBIN

The Manufacturers Life Insurance Company acquired a new stake in Fortune Brands Innovations, Inc. (NYSE:FBIN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 86,271 shares of the company’s stock, valued at approximately $4,736,000.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of Fortune Brands Innovations by 0.8% during the first quarter. Royal Bank of Canada now owns 41,713 shares of the company’s stock worth $2,539,000 after purchasing an additional 324 shares in the last quarter. Empowered Funds LLC lifted its holdings in Fortune Brands Innovations by 20.5% during the 1st quarter. Empowered Funds LLC now owns 10,335 shares of the company’s stock worth $629,000 after buying an additional 1,761 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Fortune Brands Innovations by 83.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 852 shares of the company’s stock worth $52,000 after buying an additional 388 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Fortune Brands Innovations by 7.6% during the 2nd quarter. Cetera Investment Advisers now owns 10,382 shares of the company’s stock worth $534,000 after acquiring an additional 731 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Fortune Brands Innovations by 158.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock worth $27,000 after acquiring an additional 323 shares in the last quarter. 87.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jesse G. Singh bought 19,560 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $50.93 per share, for a total transaction of $996,190.80. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward P. Garden acquired 320,067 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were acquired at an average price of $40.60 per share, for a total transaction of $12,994,720.20. Following the acquisition, the director directly 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. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 359,352 shares of company stock worth $15,009,905 over the last ninety days. 3.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings upgraded shares of Fortune Brands Innovations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. DA Davidson started coverage on shares of Fortune Brands Innovations in a report on Monday, August 24th. They issued a “buy” rating and a $64.00 target price for the company. UBS Group increased their target price on shares of Fortune Brands Innovations from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on shares of Fortune Brands Innovations from $50.00 to $57.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Evercore set a $56.00 price target on shares of Fortune Brands Innovations in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Fortune Brands Innovations presently has a consensus rating of “Hold” and an average target price of $55.71.

Fortune Brands Innovations Price Performance

Shares of NYSE FBIN opened at $44.44 on Tuesday. The firm has a market capitalization of $5.30 billion, a P/E ratio of 36.13, a PEG ratio of 3.84 and a beta of 1.31. Fortune Brands Innovations, Inc. has a one year low of $32.34 and a one year high of $64.84. The company’s fifty day moving average is $49.13 and its two-hundred day moving average is $44.81. 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 (NYSE:FBIN) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.55. Fortune Brands Innovations had a return on equity of 19.50% and a net margin of 3.39%.The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business posted $1.00 EPS. Fortune Brands Innovations’s quarterly revenue was down 4.1% on a year-over-year basis. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. Analysts forecast that Fortune Brands Innovations, Inc. will post 3.33 EPS for the current fiscal year.

Fortune Brands Innovations Dividend Announcement

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

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.