Fortune Brands Innovations (NYSE:FBIN) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Fortune Brands Innovations (NYSE:FBIN) from a hold rating to a strong sell rating in a research report report published on Thursday,Zacks.com reports.

Several other research firms have also recently issued reports on FBIN. The Goldman Sachs Group decreased their price target on shares of Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Fortune Brands Innovations in a research note on Monday, December 29th. Royal Bank Of Canada restated an “outperform” rating and set a $61.00 target price on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Robert W. Baird set a $55.00 target price on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Finally, UBS Group reissued a “buy” rating and set a $70.00 price target on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Fortune Brands Innovations presently has a consensus rating of “Hold” and a consensus price target of $60.00.

Fortune Brands Innovations Stock Performance

Fortune Brands Innovations stock opened at $54.35 on Thursday. Fortune Brands Innovations has a fifty-two week low of $44.04 and a fifty-two week high of $67.43. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 3.33 and a beta of 1.41. The stock has a fifty day moving average of $55.52 and a two-hundred day moving average of $54.07. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.89 and a current ratio of 1.84.

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). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.14 billion. Fortune Brands Innovations had a net margin of 6.70% and a return on equity of 18.54%. The firm’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. On average, analysts anticipate that Fortune Brands Innovations will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.26 per share. This is an increase from Fortune Brands Innovations’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, February 20th. Fortune Brands Innovations’s payout ratio is 40.49%.

Institutional Trading of Fortune Brands Innovations

Several institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its position in shares of Fortune Brands Innovations by 0.8% in the 4th quarter. Osaic Holdings Inc. now owns 24,447 shares of the company’s stock worth $1,223,000 after buying an additional 198 shares during the period. KLP Kapitalforvaltning AS increased its stake in Fortune Brands Innovations by 0.8% during the third quarter. KLP Kapitalforvaltning AS now owns 25,100 shares of the company’s stock worth $1,340,000 after acquiring an additional 200 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Fortune Brands Innovations by 9.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,294 shares of the company’s stock worth $122,000 after purchasing an additional 206 shares during the period. Assetmark Inc. lifted its stake in shares of Fortune Brands Innovations by 1.2% in the 4th quarter. Assetmark Inc. now owns 17,728 shares of the company’s stock valued at $887,000 after purchasing an additional 208 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in shares of Fortune Brands Innovations by 3.0% during the 4th quarter. TD Private Client Wealth LLC now owns 7,308 shares of the company’s stock worth $366,000 after purchasing an additional 213 shares during the period. 87.60% of the stock is owned by hedge funds and other institutional investors.

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.