Ron Wilson Sells 1,500 Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) Stock

Fortune Brands Innovations, Inc. (NYSE:FBIN - Get Free Report) EVP Ron Wilson sold 1,500 shares of the company's stock in a transaction on Monday, February 10th. The stock was 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 $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 Securities & Exchange Commission, which can be accessed through this hyperlink.

Fortune Brands Innovations Stock Up 0.9 %

NYSE:FBIN traded up $0.63 during trading hours on Friday, hitting $68.98. The company's stock had a trading volume of 2,029,378 shares, compared to its average volume of 1,361,096. The stock has a market capitalization of $8.57 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 2.01 and a beta of 1.50. The stock has a fifty day moving average of $71.33 and a 200-day moving average of $77.83. The company has a current ratio of 1.32, a quick ratio of 0.69 and a debt-to-equity ratio of 0.95. 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 posted its earnings results on Thursday, February 6th. The company reported $0.98 EPS 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 22.25%. On average, equities analysts forecast that Fortune Brands Innovations, Inc. will post 4.53 earnings per share for the current year.

Fortune Brands Innovations Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.25 per share. This is a positive change from Fortune Brands Innovations's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 1.45%. Fortune Brands Innovations's dividend payout ratio (DPR) is presently 25.60%.

Hedge Funds Weigh In On Fortune Brands Innovations

Several hedge funds have recently made changes to their positions in the company. Trust Point Inc. acquired a new stake in shares of Fortune Brands Innovations during the fourth quarter worth about $319,000. SG Americas Securities LLC boosted its stake 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 worth $2,292,000 after buying an additional 29,867 shares during the period. Nordea Investment Management AB boosted its stake in shares of Fortune Brands Innovations by 1.9% during the fourth quarter. Nordea Investment Management AB now owns 1,916,782 shares of the company's stock worth $132,335,000 after buying an additional 35,289 shares during the period. KBC Group NV boosted its stake in shares of Fortune Brands Innovations by 30.9% during the fourth quarter. KBC Group NV now owns 163,466 shares of the company's stock worth $11,169,000 after buying an additional 38,546 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Fortune Brands Innovations during the third quarter worth about $208,000. Hedge funds and other institutional investors own 87.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on FBIN shares. The Goldman Sachs Group decreased 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. UBS Group cut their price objective on Fortune Brands Innovations from $93.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. BMO Capital Markets upped their price objective on Fortune Brands Innovations from $84.00 to $95.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada cut their price objective 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. Finally, Barclays cut their price objective 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Fortune Brands Innovations presently has a consensus rating of "Hold" and an average target price of $86.64.

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.