Bell Asset Management Ltd Makes New $3.44 Million Investment in Fortune Brands Innovations, Inc. $FBIN

Bell Asset Management Ltd bought a new position in Fortune Brands Innovations, Inc. (NYSE:FBIN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 64,473 shares of the company’s stock, valued at approximately $3,442,000. Bell Asset Management Ltd owned approximately 0.05% of Fortune Brands Innovations as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in FBIN. Hilltop National Bank purchased a new position in Fortune Brands Innovations during the 3rd quarter valued at about $26,000. Elevation Point Wealth Partners LLC purchased a new stake in Fortune Brands Innovations in the second quarter worth about $26,000. EverSource Wealth Advisors LLC increased its stake in shares of Fortune Brands Innovations by 158.3% during the second 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. BOK Financial Private Wealth Inc. purchased a new position in shares of Fortune Brands Innovations during the second quarter valued at approximately $34,000. Finally, Geneos Wealth Management Inc. raised its stake in Fortune Brands Innovations by 83.6% during the first quarter. Geneos Wealth Management Inc. now owns 852 shares of the company’s stock valued at $52,000 after buying an additional 388 shares during the last quarter. 87.60% of the stock is currently owned by institutional investors.

Fortune Brands Innovations Stock Performance

NYSE:FBIN opened at $45.73 on Monday. The company has a current ratio of 1.84, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07. Fortune Brands Innovations, Inc. has a 12-month low of $44.04 and a 12-month high of $65.75. The stock has a 50-day moving average price of $55.72 and a 200 day moving average price of $53.66. The stock has a market capitalization of $5.49 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.94 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 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.14). The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. Equities research analysts forecast that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders 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 is a positive change from Fortune Brands Innovations’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.3%. Fortune Brands Innovations’s dividend payout ratio (DPR) is 42.11%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Zacks Research cut shares of Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Robert W. Baird set a $55.00 target price on Fortune Brands Innovations in a report on Friday, February 13th. Wolfe Research set a $64.00 price target on shares of Fortune Brands Innovations in a research note on Friday, February 13th. UBS Group restated a “buy” rating and issued a $70.00 price target on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Finally, Barclays cut Fortune Brands Innovations from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $68.00 to $55.00 in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Fortune Brands Innovations presently has an average rating of “Hold” and an average target price 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.