Robeco Institutional Asset Management B.V. Sells 37,656 Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN)

Robeco Institutional Asset Management B.V. reduced its stake in Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 77.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,768 shares of the company's stock after selling 37,656 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Fortune Brands Innovations were worth $736,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of Fortune Brands Innovations by 812.5% during the fourth quarter. SG Americas Securities LLC now owns 33,543 shares of the company's stock valued at $2,292,000 after purchasing an additional 29,867 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Fortune Brands Innovations by 50.2% in the third quarter. Handelsbanken Fonder AB now owns 34,100 shares of the company's stock worth $3,053,000 after buying an additional 11,400 shares in the last quarter. Nordea Investment Management AB raised its stake in Fortune Brands Innovations by 1.9% in the fourth quarter. Nordea Investment Management AB now owns 1,916,782 shares of the company's stock valued at $132,335,000 after purchasing an additional 35,289 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Fortune Brands Innovations during the third quarter worth about $208,000. Finally, Vontobel Holding Ltd. boosted its stake in shares of Fortune Brands Innovations by 12.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 3,496 shares of the company's stock valued at $313,000 after purchasing an additional 377 shares in the last quarter. 87.60% of the stock is owned by institutional investors and hedge funds.

Fortune Brands Innovations Trading Up 0.0 %

Shares of FBIN opened at $68.98 on Wednesday. Fortune Brands Innovations, Inc. has a twelve month low of $62.54 and a twelve month high of $90.54. The company has a current ratio of 1.32, a quick ratio of 0.69 and a debt-to-equity ratio of 0.95. The company has a market cap of $8.57 billion, a P/E ratio of 19.43, a P/E/G ratio of 2.09 and a beta of 1.50. The company's fifty day simple moving average is $72.87 and its 200-day simple moving average is $78.16.

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

Fortune Brands Innovations Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be issued a $0.25 dividend. The ex-dividend date is Friday, February 21st. This is an increase from Fortune Brands Innovations's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.45%. Fortune Brands Innovations's dividend payout ratio (DPR) is currently 28.17%.

Analysts Set New Price Targets

FBIN has been the subject of a number of recent analyst reports. Truist Financial upped their price target on shares of Fortune Brands Innovations from $82.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, November 7th. The Goldman Sachs Group cut their price target 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. Evercore ISI lowered their price target on Fortune Brands Innovations from $80.00 to $78.00 and set an "in-line" rating on the stock in a report on Thursday, November 7th. UBS Group reduced their price target on Fortune Brands Innovations from $98.00 to $97.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Finally, Barclays dropped their price objective on Fortune Brands Innovations from $100.00 to $91.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $89.36.

Fortune Brands Innovations 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.

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