Fortune Brands Innovations, Inc. (NYSE:FBIN) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 83.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,424 shares of the company's stock after selling 247,672 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Fortune Brands Innovations were worth $4,335,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norden Group LLC purchased a new position in Fortune Brands Innovations during the first quarter valued at approximately $236,000. Private Advisor Group LLC grew its stake in Fortune Brands Innovations by 25.4% in the 1st quarter. Private Advisor Group LLC now owns 8,100 shares of the company's stock valued at $686,000 after buying an additional 1,643 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Fortune Brands Innovations by 1.4% in the first quarter. Janney Montgomery Scott LLC now owns 16,989 shares of the company's stock valued at $1,439,000 after acquiring an additional 229 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Fortune Brands Innovations by 3.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 8,200 shares of the company's stock worth $694,000 after purchasing an additional 300 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Fortune Brands Innovations during the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 87.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Fortune Brands Innovations from $82.00 to $84.00 and gave the stock a "neutral" rating in a report on Tuesday, July 30th. The Goldman Sachs Group raised their target price on Fortune Brands Innovations from $86.00 to $98.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Barclays raised their price objective on Fortune Brands Innovations from $86.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Truist Financial raised their target price on shares of Fortune Brands Innovations from $82.00 to $92.00 and gave the company a "buy" rating in a report on Thursday. Finally, Royal Bank of Canada upped their price objective on Fortune Brands Innovations from $79.00 to $81.00 and gave the stock a "sector perform" rating in a research report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Fortune Brands Innovations currently has an average rating of "Hold" and an average target price of $91.36.

Fortune Brands Innovations Stock Performance

FBIN stock traded down $0.07 during trading on Friday, hitting $79.05. 1,499,190 shares of the company's stock traded hands, compared to its average volume of 1,005,199. Fortune Brands Innovations, Inc. has a 52 week low of $59.72 and a 52 week high of $90.54. The company has a quick ratio of 0.71, a current ratio of 1.34 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $9.81 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.66 and a beta of 1.51. The stock has a fifty day moving average price of $84.99 and a two-hundred day moving average price of $76.32.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.15 by $0.01. Fortune Brands Innovations had a net margin of 9.61% and a return on equity of 22.44%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The business's quarterly revenue was down 8.4% on a year-over-year basis. As a group, equities analysts anticipate that Fortune Brands Innovations, Inc. will post 4.29 EPS for the current fiscal year.

Fortune Brands Innovations Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.96 annualized dividend and a dividend yield of 1.21%. Fortune Brands Innovations's dividend payout ratio (DPR) is presently 27.04%.

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.