D.A. Davidson & CO. Has $4.62 Million Position in Fortune Brands Innovations, Inc. (NYSE:FBIN)

D.A. Davidson & CO. decreased its position in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 18.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 67,639 shares of the company's stock after selling 15,235 shares during the period. D.A. Davidson & CO. owned approximately 0.05% of Fortune Brands Innovations worth $4,622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FBIN. Brooklyn Investment Group bought a new position in Fortune Brands Innovations in the third quarter valued at approximately $25,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Fortune Brands Innovations during the fourth quarter worth $55,000. Raleigh Capital Management Inc. lifted its position in Fortune Brands Innovations by 31.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 897 shares of the company's stock valued at $80,000 after acquiring an additional 216 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in Fortune Brands Innovations in the 3rd quarter worth $81,000. Finally, Blue Trust Inc. increased its holdings in Fortune Brands Innovations by 18.0% during the 4th quarter. Blue Trust Inc. now owns 1,436 shares of the company's stock worth $98,000 after purchasing an additional 219 shares in the last quarter. Institutional investors and hedge funds own 87.60% of the company's stock.

Analyst Ratings Changes

FBIN has been the topic of a number of research reports. 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 report on Friday, February 7th. Truist Financial boosted their target price on Fortune Brands Innovations from $82.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Evercore ISI reduced their price target on Fortune Brands Innovations from $80.00 to $78.00 and set an "in-line" rating for the company in a research report on Thursday, November 7th. The Goldman Sachs Group lowered their price objective 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. Finally, Barclays reduced their target price on shares of Fortune Brands Innovations from $91.00 to $79.00 and set an "overweight" rating for the company in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $86.64.

Insider Buying and Selling at Fortune Brands Innovations

In other Fortune Brands Innovations news, EVP Ron Wilson sold 1,500 shares of the firm'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 transaction of $103,410.00. Following the completion of the sale, the executive vice president now directly owns 10,066 shares in the company, valued at $693,950.04. This trade represents a 12.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company's stock.

Fortune Brands Innovations Stock Performance

NYSE FBIN traded down $0.36 on Thursday, hitting $66.63. 1,174,338 shares of the stock were exchanged, compared to its average volume of 1,608,731. The business's fifty day moving average is $70.72 and its 200 day moving average is $77.57. Fortune Brands Innovations, Inc. has a 52 week low of $62.54 and a 52 week high of $90.54. The company has a market capitalization of $8.28 billion, a PE ratio of 17.77, a P/E/G ratio of 2.05 and a beta of 1.50. 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 issued its 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%. Research analysts anticipate that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from Fortune Brands Innovations's previous quarterly dividend of $0.24. Fortune Brands Innovations's dividend payout ratio is 25.60%.

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.