B. Metzler seel. Sohn & Co. AG Purchases 6,628 Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN)

B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 49.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,167 shares of the company's stock after acquiring an additional 6,628 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Fortune Brands Innovations were worth $1,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Flagship Wealth Advisors LLC purchased a new stake in Fortune Brands Innovations in the 4th quarter worth approximately $31,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Fortune Brands Innovations in the fourth quarter worth $55,000. IFP Advisors Inc increased its stake in shares of Fortune Brands Innovations by 47.6% in the fourth quarter. IFP Advisors Inc now owns 853 shares of the company's stock worth $62,000 after purchasing an additional 275 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Fortune Brands Innovations during the 4th quarter valued at $82,000. Finally, Blue Trust Inc. lifted its stake in shares of Fortune Brands Innovations by 18.0% during the 4th quarter. Blue Trust Inc. now owns 1,436 shares of the company's stock valued at $98,000 after buying an additional 219 shares in the last quarter. Institutional investors own 87.60% of the company's stock.

Insider Activity

In related news, EVP Kristin Papesh bought 483 shares of the stock in a transaction on Tuesday, March 4th. The stock was bought 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 approximately $472,177.83. This represents a 6.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ron Wilson sold 1,500 shares of Fortune Brands Innovations stock in a transaction 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 completion of the transaction, the executive vice president now owns 10,066 shares in the company, valued at $693,950.04. This represents a 12.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

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Fortune Brands Innovations Trading Down 0.2 %

FBIN stock traded down $0.10 during mid-day trading on Tuesday, reaching $50.83. The company had a trading volume of 1,327,963 shares, compared to its average volume of 1,684,645. The company has a market capitalization of $6.16 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 2.00 and a beta of 1.42. The firm has a 50 day moving average of $64.71 and a 200 day moving average of $73.82. Fortune Brands Innovations, Inc. has a 12 month low of $50.04 and a 12 month 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.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last announced its quarterly earnings data 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 return on equity of 22.05% and a net margin of 10.24%. On average, equities analysts predict that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FBIN has been the topic of a number of recent analyst reports. Barclays decreased their price target on Fortune Brands Innovations from $91.00 to $79.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group cut their target price on shares of Fortune Brands Innovations from $97.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fortune Brands Innovations in a research note on Tuesday, April 1st. They set a "hold" rating and a $70.00 price target on the stock. UBS Group cut their target price on Fortune Brands Innovations from $93.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Finally, Royal Bank of Canada dropped their price objective on shares of Fortune Brands Innovations from $75.00 to $70.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $85.25.

About Fortune Brands Innovations

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.