Fortune Brands Innovations, Inc. (NYSE:FBIN) Given Consensus Rating of "Hold" by Analysts

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Get Free Report) have earned a consensus rating of "Hold" from the eleven research firms that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $86.64.

A number of brokerages have recently commented on FBIN. UBS Group lowered their price target on Fortune Brands Innovations from $93.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Barclays lowered their target price on shares of 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 reduced their price target 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. Finally, Royal Bank of Canada lowered their price objective on shares of 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.

Insiders Place Their Bets

In other Fortune Brands Innovations news, EVP Ron Wilson sold 1,500 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $68.94, for a total transaction of $103,410.00. Following the completion of the sale, the executive vice president now directly owns 10,066 shares of the company's stock, valued at approximately $693,950.04. This represents a 12.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kristin Papesh bought 483 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was purchased 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 owns 7,617 shares of the company's stock, valued at approximately $472,177.83. This trade represents a 6.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

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Institutional Investors Weigh In On Fortune Brands Innovations

Several hedge funds have recently made changes to their positions in FBIN. Charles Schwab Investment Management Inc. raised its stake in Fortune Brands Innovations by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 853,111 shares of the company's stock valued at $76,379,000 after purchasing an additional 4,248 shares during the period. Cerity Partners LLC raised its position in Fortune Brands Innovations by 76.1% during the third quarter. Cerity Partners LLC now owns 30,680 shares of the company's stock valued at $2,747,000 after buying an additional 13,263 shares during the period. Daiwa Securities Group Inc. lifted its stake in Fortune Brands Innovations by 9.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 9,600 shares of the company's stock worth $859,000 after acquiring an additional 800 shares in the last quarter. FMR LLC boosted its position in Fortune Brands Innovations by 104.5% during the 3rd quarter. FMR LLC now owns 5,920,248 shares of the company's stock worth $530,040,000 after acquiring an additional 3,024,950 shares during the period. Finally, D.A. Davidson & CO. boosted its position in Fortune Brands Innovations by 0.6% during the 3rd quarter. D.A. Davidson & CO. now owns 82,874 shares of the company's stock worth $7,420,000 after acquiring an additional 475 shares during the period. Hedge funds and other institutional investors own 87.60% of the company's stock.

Fortune Brands Innovations Stock Performance

Fortune Brands Innovations stock traded up $0.05 during midday trading on Friday, reaching $60.87. 974,547 shares of the stock traded hands, compared to its average volume of 1,301,212. Fortune Brands Innovations has a fifty-two week low of $59.61 and a fifty-two week high of $90.54. The company has a current ratio of 1.25, a quick ratio of 0.65 and a debt-to-equity ratio of 0.90. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 2.00 and a beta of 1.53. The firm has a fifty day moving average price of $66.43 and a two-hundred day moving average price of $74.83.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.98 earnings per share (EPS) 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, equities research analysts forecast that Fortune Brands Innovations will post 4.24 earnings per share for the current year.

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.