Robeco Schweiz AG Trims Stock Holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN)

Robeco Schweiz AG lessened its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 669,393 shares of the company's stock after selling 64,176 shares during the period. Robeco Schweiz AG owned 0.54% of Fortune Brands Innovations worth $45,740,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. FMR LLC increased its stake in shares of Fortune Brands Innovations by 104.5% during the third quarter. FMR LLC now owns 5,920,248 shares of the company's stock valued at $530,040,000 after purchasing an additional 3,024,950 shares in the last quarter. Nordea Investment Management AB increased its position in Fortune Brands Innovations by 1.9% during the 4th quarter. Nordea Investment Management AB now owns 1,916,782 shares of the company's stock valued at $132,335,000 after buying an additional 35,289 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Fortune Brands Innovations by 11.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,247,069 shares of the company's stock valued at $111,650,000 after buying an additional 130,170 shares during the last quarter. Ninety One UK Ltd grew its stake in shares of Fortune Brands Innovations by 6.6% in the fourth quarter. Ninety One UK Ltd now owns 1,205,884 shares of the company's stock worth $82,398,000 after acquiring an additional 74,369 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Fortune Brands Innovations by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 853,111 shares of the company's stock valued at $76,379,000 after acquiring an additional 4,248 shares in the last quarter. 87.60% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada dropped their price target on shares of Fortune Brands Innovations from $75.00 to $70.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Robert W. Baird dropped their target price on shares of Fortune Brands Innovations from $94.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Barclays decreased 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 research note on Friday, February 7th. The Goldman Sachs Group dropped their price target 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. Finally, UBS Group reduced their price objective 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. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $86.64.

Fortune Brands Innovations Stock Performance

NYSE FBIN traded down $0.27 on Friday, reaching $64.70. 3,334,916 shares of the stock were exchanged, compared to its average volume of 1,648,071. The company has a current ratio of 1.25, a quick ratio of 0.65 and a debt-to-equity ratio of 0.90. Fortune Brands Innovations, Inc. has a one year low of $62.54 and a one year high of $90.54. The firm has a market capitalization of $7.93 billion, a PE ratio of 17.25, a PEG ratio of 2.00 and a beta of 1.50. The company's 50-day simple moving average is $69.69 and its two-hundred day simple moving average is $77.20.

Fortune Brands Innovations (NYSE:FBIN - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.07). Fortune Brands Innovations had a net margin of 10.24% and a return on equity of 22.05%. Analysts expect that Fortune Brands Innovations, Inc. will post 4.24 EPS for the current fiscal year.

Fortune Brands Innovations Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.55%. This is an increase from Fortune Brands Innovations's previous quarterly dividend of $0.24. The ex-dividend date is Friday, February 21st. Fortune Brands Innovations's payout ratio is presently 26.67%.

Insider Buying and Selling

In other Fortune Brands Innovations news, EVP Ron Wilson sold 1,500 shares of Fortune Brands Innovations stock in a transaction 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 sale, the executive vice president now directly owns 10,066 shares in the company, valued at approximately $693,950.04. The trade was a 12.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.

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.