Rep. April McClain Delaney Sells Off Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN)

Representative April McClain Delaney (D-Maryland) recently sold shares of Fortune Brands Innovations, Inc. (NYSE:FBIN). In a filing disclosed on June 02nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Fortune Brands Innovations stock on May 29th.

Representative April McClain Delaney also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Toro (NYSE:TTC) on 5/28/2025.
• Sold $1,001 – $15,000 in shares of Dayforce (NYSE:DAY) on 5/27/2025.
• Purchased $1,001 – $15,000 in shares of Markel Group (NYSE:MKL) on 5/27/2025.
• Purchased $1,001 – $15,000 in shares of Tractor Supply (NASDAQ:TSCO) on 5/27/2025.
• Purchased $1,001 – $15,000 in shares of Markel Group (NYSE:MKL) on 5/13/2025.
• Purchased $1,001 – $15,000 in shares of Tractor Supply (NASDAQ:TSCO) on 5/13/2025.
• Sold $1,001 – $15,000 in shares of Dayforce (NYSE:DAY) on 5/7/2025.
• Purchased $1,001 – $15,000 in shares of Markel Group (NYSE:MKL) on 5/7/2025.
• Purchased $1,001 – $15,000 in shares of Tractor Supply (NASDAQ:TSCO) on 5/5/2025.
• Sold $1,001 – $15,000 in shares of Toro (NYSE:TTC) on 4/29/2025.

Fortune Brands Innovations Price Performance

Fortune Brands Innovations stock opened at $50.65 on Wednesday. Fortune Brands Innovations, Inc. has a 12-month low of $47.21 and a 12-month high of $90.54. The stock has a market cap of $6.09 billion, a P/E ratio of 13.51, a PEG ratio of 2.00 and a beta of 1.49. The company has a 50-day moving average price of $52.97 and a 200 day moving average price of $64.10. The company has a current ratio of 1.25, a quick ratio of 0.65 and a debt-to-equity ratio of 0.90.

Fortune Brands Innovations (NYSE:FBIN) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. Fortune Brands Innovations had a net margin of 10.24% and a return on equity of 22.05%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $0.83 earnings per share. Fortune Brands Innovations’s revenue was down 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current year.

Fortune Brands Innovations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Tuesday, May 27th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, May 27th. Fortune Brands Innovations’s payout ratio is currently 29.33%.

Institutional Trading of Fortune Brands Innovations

Institutional investors and hedge funds have recently bought and sold shares of the business. Man Group plc purchased a new stake in Fortune Brands Innovations in the 4th quarter valued at $344,000. Charles Schwab Investment Management Inc. raised its position in Fortune Brands Innovations by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 864,833 shares of the company’s stock worth $59,094,000 after buying an additional 11,722 shares during the last quarter. Trust Point Inc. purchased a new position in Fortune Brands Innovations during the 4th quarter worth $319,000. Raymond James Financial Inc. purchased a new position in Fortune Brands Innovations during the 4th quarter worth $40,027,000. Finally, M&T Bank Corp grew its stake in shares of Fortune Brands Innovations by 41.9% during the 4th quarter. M&T Bank Corp now owns 23,591 shares of the company’s stock worth $1,612,000 after purchasing an additional 6,971 shares during the period. Hedge funds and other institutional investors own 87.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Fortune Brands Innovations from $56.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen raised shares of Fortune Brands Innovations from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Barclays reduced their price target on shares of Fortune Brands Innovations from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. Truist Financial set a $65.00 price target on shares of Fortune Brands Innovations in a research note on Wednesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fortune Brands Innovations in a research note on Tuesday, April 1st. They issued a “hold” rating and a $70.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $77.17.

About Representative McClain Delaney

April McClain-Delaney (Democratic Party) is a member of the U.S. House, representing Maryland’s 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

McClain-Delaney (Democratic Party) is running for re-election to the U.S. House to represent Maryland’s 6th Congressional District. She declared candidacy for the 2026 election.

April McClain-Delaney grew up in Buhl, Idaho, where her father was a potato farmer. She obtained her bachelor’s degree in communications from Northwestern University in 1986 and her law degree from Georgetown Law Center in 1989. McClain-Delaney worked in communications law, first with the satellite firm Orion Network Systems and later as the Washington director for Common Sense Media, a nonprofit focused on technology and children. In 2022, McClain-Delaney joined the U.S. Department of Commerce under President Joe Biden (D) as deputy assistant secretary for communications and information. McClain-Delaney served on the board of the Georgetown University Law Center, the International Center for Research on Women, and the Northwestern University School of Communications.

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.