CX Institutional Boosts Stock Holdings in Fortune Brands Innovations, Inc. $FBIN

CX Institutional boosted its position in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 22,269.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,269 shares of the company’s stock after purchasing an additional 107,785 shares during the period. CX Institutional owned about 0.09% of Fortune Brands Innovations worth $5,780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FBIN. Qube Research & Technologies Ltd acquired a new stake in shares of Fortune Brands Innovations in the 2nd quarter valued at approximately $87,611,000. Norges Bank purchased a new position in Fortune Brands Innovations in the second quarter worth $78,395,000. Balyasny Asset Management L.P. acquired a new stake in Fortune Brands Innovations in the second quarter valued at $77,441,000. First Pacific Advisors LP boosted its position in shares of Fortune Brands Innovations by 152.2% during the 2nd quarter. First Pacific Advisors LP now owns 1,998,397 shares of the company’s stock worth $102,877,000 after purchasing an additional 1,205,880 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Fortune Brands Innovations during the 2nd quarter worth $41,931,000. Institutional investors and hedge funds own 87.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on FBIN shares. Barclays reduced their price objective on shares of Fortune Brands Innovations from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Evercore ISI reaffirmed an “outperform” rating on shares of Fortune Brands Innovations in a report on Friday, October 31st. Vertical Research started coverage on Fortune Brands Innovations in a research note on Tuesday, October 21st. They set a “hold” rating and a $52.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fortune Brands Innovations in a research note on Monday, December 29th. Finally, UBS Group reduced their price objective on Fortune Brands Innovations from $83.00 to $79.00 and set a “buy” rating for the company in a report on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $64.20.

Fortune Brands Innovations Trading Down 2.5%

Shares of Fortune Brands Innovations stock opened at $51.98 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.95 and a quick ratio of 0.94. Fortune Brands Innovations, Inc. has a 1 year low of $44.04 and a 1 year high of $75.82. The company has a market capitalization of $6.24 billion, a P/E ratio of 19.40, a P/E/G ratio of 3.63 and a beta of 1.40. The business has a 50 day moving average price of $50.09 and a 200 day moving average price of $53.19.

Fortune Brands Innovations (NYSE:FBIN) last announced its earnings results on Thursday, October 30th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.01). Fortune Brands Innovations had a net margin of 7.30% and a return on equity of 19.28%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the company posted $1.16 EPS. Fortune Brands Innovations’s quarterly revenue was down .5% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2025 guidance at 3.700-3.800 EPS. Sell-side analysts anticipate that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Friday, February 20th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, February 20th. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. This is a boost from Fortune Brands Innovations’s previous quarterly dividend of $0.25. Fortune Brands Innovations’s dividend payout ratio (DPR) is 37.31%.

About Fortune Brands Innovations

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.