Envestnet Asset Management Inc. Purchases 53,403 Shares of Fortune Brands Innovations, Inc. $FBIN

Envestnet Asset Management Inc. lifted its holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 106.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,371 shares of the company’s stock after purchasing an additional 53,403 shares during the period. Envestnet Asset Management Inc. owned 0.09% of Fortune Brands Innovations worth $5,519,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in FBIN. Royal Bank of Canada increased its position in Fortune Brands Innovations by 0.8% in the 1st quarter. Royal Bank of Canada now owns 41,713 shares of the company’s stock worth $2,539,000 after buying an additional 324 shares during the period. Empowered Funds LLC raised its stake in Fortune Brands Innovations by 20.5% during the 1st quarter. Empowered Funds LLC now owns 10,335 shares of the company’s stock valued at $629,000 after purchasing an additional 1,761 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Fortune Brands Innovations by 83.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 852 shares of the company’s stock valued at $52,000 after purchasing an additional 388 shares during the period. Stephens Inc. AR grew its position in Fortune Brands Innovations by 6.5% in the 2nd quarter. Stephens Inc. AR now owns 4,530 shares of the company’s stock worth $233,000 after purchasing an additional 275 shares during the last quarter. Finally, Forum Financial Management LP increased its holdings in shares of Fortune Brands Innovations by 41.4% during the 2nd quarter. Forum Financial Management LP now owns 4,672 shares of the company’s stock worth $241,000 after purchasing an additional 1,369 shares during the period. Institutional investors own 87.60% of the company’s stock.

Fortune Brands Innovations Stock Up 0.5%

NYSE FBIN opened at $54.35 on Monday. The stock’s 50 day simple moving average is $55.52 and its 200 day simple moving average is $54.06. Fortune Brands Innovations, Inc. has a one year low of $44.04 and a one year high of $67.43. The firm has a market cap of $6.53 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 3.33 and a beta of 1.41. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.84 and a quick ratio of 0.89.

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 return on equity of 18.54% and a net margin of 6.70%.The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm posted $0.98 EPS. Fortune Brands Innovations’s revenue for the quarter 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. As a group, sell-side analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current fiscal year.

Fortune Brands Innovations Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Friday, February 20th will be issued a $0.26 dividend. This is a positive change from Fortune Brands Innovations’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, February 20th. Fortune Brands Innovations’s dividend payout ratio (DPR) is 42.11%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FBIN. Zacks Research lowered Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a research note on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Fortune Brands Innovations in a research note on Monday, December 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $61.00 price target on shares of Fortune Brands Innovations in a research note on Friday, February 13th. BMO Capital Markets lowered their price target on shares of Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating on the stock in a report on Tuesday, February 17th. Finally, Robert W. Baird set a $55.00 target price on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.00.

Fortune Brands Innovations Company 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.