Fortune Brands Innovations (NYSE:FBIN) Price Target Lowered to $56.00 at BMO Capital Markets

Fortune Brands Innovations (NYSE:FBIN) had its target price trimmed by BMO Capital Markets from $62.00 to $56.00 in a research report report published on Tuesday morning, MarketBeat.com reports. The firm currently has a market perform rating on the stock.

A number of other brokerages have also weighed in on FBIN. Royal Bank Of Canada reiterated an “outperform” rating and issued a $61.00 price target on shares of Fortune Brands Innovations in a report on Friday. Barclays cut Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $68.00 to $55.00 in a report on Friday, February 13th. UBS Group restated a “buy” rating and set a $70.00 price target on shares of Fortune Brands Innovations in a research note on Friday. Zelman & Associates lowered Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a research note on Friday. Finally, Evercore reissued an “outperform” rating on shares of Fortune Brands Innovations in a research report on Friday, October 31st. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.00.

Fortune Brands Innovations Stock Up 2.9%

Shares of NYSE:FBIN opened at $52.82 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 4.99 and a beta of 1.41. The stock’s 50-day moving average price is $55.39 and its two-hundred day moving average price is $54.11. Fortune Brands Innovations has a 12-month low of $44.04 and a 12-month high of $69.32.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.14). Fortune Brands Innovations had a net margin of 6.70% and a return on equity of 18.54%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company earned $0.98 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. On average, research analysts forecast that Fortune Brands Innovations will post 4.24 EPS for the current year.

Fortune Brands Innovations Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Friday, February 20th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, February 20th. This is an increase from Fortune Brands Innovations’s previous quarterly dividend of $0.25. Fortune Brands Innovations’s dividend payout ratio (DPR) is 40.49%.

Institutional Trading of Fortune Brands Innovations

Hedge funds have recently made changes to their positions in the company. Hilltop National Bank purchased a new position in Fortune Brands Innovations in the 3rd quarter valued at about $26,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Fortune Brands Innovations in the second quarter worth about $26,000. Danske Bank A S purchased a new position in Fortune Brands Innovations in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its stake in Fortune Brands Innovations by 158.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after purchasing an additional 323 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in Fortune Brands Innovations by 1,275.0% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 550 shares of the company’s stock worth $28,000 after purchasing an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 87.60% of the company’s stock.

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.