38,988 Shares in Fortune Brands Innovations, Inc. (NYSE:FBIN) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,988 shares of the company's stock, valued at approximately $3,491,000.

Several other large investors also recently made changes to their positions in the business. King Luther Capital Management Corp acquired a new stake in shares of Fortune Brands Innovations in the third quarter worth $253,000. Moors & Cabot Inc. acquired a new stake in shares of Fortune Brands Innovations in the third quarter worth $273,000. Darwin Wealth Management LLC acquired a new stake in shares of Fortune Brands Innovations in the third quarter worth $81,000. Commerce Bank increased its position in shares of Fortune Brands Innovations by 8.6% in the third 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, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Fortune Brands Innovations during the 3rd quarter valued at $1,212,000. Institutional investors and hedge funds own 87.60% of the company's stock.

Wall Street Analyst Weigh In

FBIN has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of Fortune Brands Innovations from $84.00 to $95.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd. Truist Financial lifted their price target on shares of Fortune Brands Innovations from $82.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. UBS Group dropped their price target on shares of Fortune Brands Innovations from $98.00 to $97.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of Fortune Brands Innovations from $82.00 to $84.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 30th. Finally, Evercore ISI dropped their price target on shares of Fortune Brands Innovations from $80.00 to $78.00 and set an "in-line" rating on the stock in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Fortune Brands Innovations has a consensus rating of "Hold" and a consensus price target of $91.36.

Fortune Brands Innovations Stock Performance

FBIN stock traded up $0.86 on Thursday, reaching $75.76. The company's stock had a trading volume of 1,238,650 shares, compared to its average volume of 1,198,035. The firm has a fifty day moving average of $84.53 and a two-hundred day moving average of $76.45. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.32 and a quick ratio of 0.69. The company has a market capitalization of $9.41 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 2.36 and a beta of 1.51. Fortune Brands Innovations, Inc. has a 52 week low of $62.54 and a 52 week high of $90.54.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.01. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.24 billion. Fortune Brands Innovations had a return on equity of 22.22% and a net margin of 9.61%. The company's quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.19 earnings per share. As a group, analysts predict that Fortune Brands Innovations, Inc. will post 4.19 EPS for the current fiscal year.

Fortune Brands Innovations Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 22nd will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, November 22nd. Fortune Brands Innovations's dividend payout ratio (DPR) is presently 27.04%.

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.