Barclays PLC Has $9.79 Million Stock Position in Fortune Brands Innovations, Inc. (NYSE:FBIN)

Barclays PLC raised its holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 143,277 shares of the company's stock after purchasing an additional 10,746 shares during the quarter. Barclays PLC owned 0.12% of Fortune Brands Innovations worth $9,789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Flagship Wealth Advisors LLC acquired a new stake in Fortune Brands Innovations in the fourth quarter valued at about $31,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Fortune Brands Innovations in the 4th quarter valued at approximately $55,000. IFP Advisors Inc increased its position in Fortune Brands Innovations by 47.6% during the 4th 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 position in Fortune Brands Innovations in the 4th quarter valued at approximately $82,000. Finally, Blue Trust Inc. boosted its position in Fortune Brands Innovations by 18.0% in the fourth 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank of Canada dropped their price target on 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. UBS Group dropped their target price on Fortune Brands Innovations from $93.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on Fortune Brands Innovations in a report on Tuesday, April 1st. They set a "hold" rating and a $70.00 price target on the stock. Barclays dropped their price objective on shares of Fortune Brands Innovations from $79.00 to $68.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group reduced their target price on shares of Fortune Brands Innovations from $97.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Fortune Brands Innovations currently has an average rating of "Hold" and a consensus price target of $84.33.

Fortune Brands Innovations Trading Up 2.9 %

FBIN opened at $51.40 on Wednesday. Fortune Brands Innovations, Inc. has a twelve month low of $47.21 and a twelve month high of $90.54. The company has a fifty day moving average of $59.83 and a 200-day moving average of $70.72. The stock has a market cap of $6.23 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.42. The company has a quick ratio of 0.65, a current ratio of 1.25 and a debt-to-equity ratio of 0.90.

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 for the quarter, missing analysts' consensus estimates 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, sell-side analysts predict that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current year.

Insider Buying and Selling

In related news, EVP Ron Wilson sold 1,500 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $68.94, for a total transaction of $103,410.00. Following the transaction, the executive vice president now owns 10,066 shares in the company, valued at $693,950.04. The trade was a 12.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kristin Papesh purchased 483 shares of Fortune Brands Innovations stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $61.99 per share, with a total value of $29,941.17. Following the completion of the acquisition, the executive vice president now directly owns 7,617 shares of the company's stock, valued at approximately $472,177.83. This trade represents a 6.77 % increase in their position. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

Fortune Brands Innovations Company 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.

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