Achmea Investment Management B.V. Sells 40,026 Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN)

Achmea Investment Management B.V. lessened its holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 40.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,854 shares of the company's stock after selling 40,026 shares during the period. Achmea Investment Management B.V.'s holdings in Fortune Brands Innovations were worth $3,954,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Fortune Brands Innovations by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 864,833 shares of the company's stock valued at $59,094,000 after acquiring an additional 11,722 shares during the last quarter. Trust Point Inc. acquired a new stake in shares of Fortune Brands Innovations during the fourth quarter valued at about $319,000. SG Americas Securities LLC boosted its stake in shares of Fortune Brands Innovations by 812.5% during the fourth quarter. SG Americas Securities LLC now owns 33,543 shares of the company's stock valued at $2,292,000 after purchasing an additional 29,867 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Fortune Brands Innovations during the fourth quarter valued at about $40,027,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Fortune Brands Innovations by 75.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 29,635 shares of the company's stock valued at $2,003,000 after purchasing an additional 12,732 shares in the last quarter. Institutional investors own 87.60% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays cut their price target on Fortune Brands Innovations from $91.00 to $79.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group cut their price target on Fortune Brands Innovations from $97.00 to $85.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. UBS Group cut their price target on Fortune Brands Innovations from $93.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Finally, Royal Bank of Canada cut their price target on Fortune Brands Innovations from $75.00 to $70.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Fortune Brands Innovations currently has an average rating of "Hold" and an average target price of $86.64.

Insider Buying and Selling at Fortune Brands Innovations

In other news, EVP Kristin Papesh acquired 483 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $61.99 per share, for a total transaction of $29,941.17. Following the completion of the acquisition, the executive vice president now directly owns 7,617 shares in the company, valued at $472,177.83. The trade was a 6.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Ron Wilson sold 1,500 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $68.94, for a total value of $103,410.00. Following the sale, the executive vice president now owns 10,066 shares of the company's stock, valued at approximately $693,950.04. This represents a 12.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Fortune Brands Innovations Trading Up 0.4 %

Shares of Fortune Brands Innovations stock traded up $0.24 during midday trading on Wednesday, reaching $63.57. The company had a trading volume of 1,004,715 shares, compared to its average volume of 1,243,555. Fortune Brands Innovations, Inc. has a fifty-two week low of $59.64 and a fifty-two week high of $90.54. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.25 and a quick ratio of 0.65. The stock has a fifty day moving average price of $68.17 and a 200 day moving average price of $75.84. The firm has a market cap of $7.79 billion, a PE ratio of 16.95, a P/E/G ratio of 2.00 and a beta of 1.53.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.07). Fortune Brands Innovations had a net margin of 10.24% and a return on equity of 22.05%. On average, equities analysts anticipate that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current year.

Fortune Brands Innovations Profile

Fortune Brands Innovations, Inc provides home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. The company operates through three segments: Water, Outdoors, and Security. The Water segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, and Schaub brands.