Fortune Brands Innovations, Inc. $FBIN Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 10.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 923,347 shares of the company’s stock after selling 108,442 shares during the period. American Century Companies Inc. owned 0.77% of Fortune Brands Innovations worth $49,298,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC purchased a new stake in Fortune Brands Innovations in the second quarter valued at $26,000. Hilltop National Bank acquired a new stake in shares of Fortune Brands Innovations during the 3rd quarter worth about $26,000. EverSource Wealth Advisors LLC raised its holdings in Fortune Brands Innovations by 158.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 527 shares of the company’s stock valued at $27,000 after buying an additional 323 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in Fortune Brands Innovations in the second quarter valued at about $34,000. Finally, Covestor Ltd lifted its position in Fortune Brands Innovations by 557.5% in the third quarter. Covestor Ltd now owns 881 shares of the company’s stock valued at $47,000 after buying an additional 747 shares during the last quarter. 87.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fortune Brands Innovations in a research report on Monday, December 29th. Wolfe Research set a $64.00 target price on shares of Fortune Brands Innovations in a report on Friday, February 13th. Zelman & Associates cut Fortune Brands Innovations from an “outperform” rating to a “neutral” rating in a research note on Friday, February 13th. Barclays cut Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $68.00 to $55.00 in a research note on Friday, February 13th. Finally, BMO Capital Markets decreased their target price on Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.00.

Fortune Brands Innovations Trading Down 5.2%

FBIN opened at $48.21 on Friday. The business has a fifty day moving average price of $55.83 and a 200 day moving average price of $53.82. 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, Inc. has a 12 month low of $44.04 and a 12 month high of $65.75. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.16 and a beta of 1.41.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.86 earnings per share (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 during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business earned $0.98 EPS. Fortune Brands Innovations’s revenue for the quarter was down 2.4% on a year-over-year basis. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. Sell-side analysts expect 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. Shareholders of record on Friday, February 20th will be issued a dividend of $0.26 per share. This is a boost from Fortune Brands Innovations’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 20th. This represents a $1.04 annualized dividend and a yield of 2.2%. Fortune Brands Innovations’s dividend payout ratio (DPR) is presently 42.11%.

Fortune Brands Innovations 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.