Fortune Brands Innovations, Inc. (NYSE:FBIN) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its position in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 21.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,289 shares of the company's stock after selling 12,439 shares during the quarter. Natixis Advisors LLC's holdings in Fortune Brands Innovations were worth $3,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Oppenheimer & Co. Inc. bought a new position in shares of Fortune Brands Innovations during the third quarter worth about $208,000. Empowered Funds LLC lifted its position in shares of Fortune Brands Innovations by 5.8% in the 3rd quarter. Empowered Funds LLC now owns 8,224 shares of the company's stock worth $736,000 after purchasing an additional 452 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Fortune Brands Innovations in the 3rd quarter valued at $1,212,000. Commerce Bank raised its position in shares of Fortune Brands Innovations by 8.6% in the 3rd quarter. Commerce Bank now owns 27,646 shares of the company's stock worth $2,475,000 after acquiring an additional 2,192 shares in the last quarter. Finally, Moors & Cabot Inc. acquired a new position in Fortune Brands Innovations in the third quarter valued at approximately $273,000. Institutional investors and hedge funds own 87.60% of the company's stock.

Fortune Brands Innovations Stock Performance

Fortune Brands Innovations stock traded down $0.60 during mid-day trading on Wednesday, reaching $62.19. 1,339,261 shares of the company were exchanged, compared to its average volume of 1,638,516. The firm has a market cap of $7.62 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 2.00 and a beta of 1.53. Fortune Brands Innovations, Inc. has a twelve month low of $59.64 and a twelve month high of $90.54. The firm's 50-day simple moving average is $67.46 and its two-hundred day simple moving average is $75.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.65 and a current ratio of 1.25.

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Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.98 earnings per share 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%. Equities analysts predict that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FBIN shares. Royal Bank of Canada cut their target price on Fortune Brands Innovations from $75.00 to $70.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. The Goldman Sachs Group reduced their target price 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 lowered their price target 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. Finally, Barclays dropped their price target on Fortune Brands Innovations from $91.00 to $79.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $86.64.

Insider Transactions at Fortune Brands Innovations

In related 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 value of $103,410.00. Following the transaction, the executive vice president now owns 10,066 shares in the company, valued at approximately $693,950.04. This trade represents a 12.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kristin Papesh bought 483 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $61.99 per share, for a total transaction of $29,941.17. Following the purchase, the executive vice president now owns 7,617 shares in the company, 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. Insiders own 1.20% of the company's stock.

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.