Skandinaviska Enskilda Banken AB publ Has $2.06 Million Holdings in Fortune Brands Innovations, Inc. (NYSE:FBIN)

Skandinaviska Enskilda Banken AB publ boosted its position in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN - Free Report) by 22.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,218 shares of the company's stock after buying an additional 5,500 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Fortune Brands Innovations were worth $2,064,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FBIN. Janney Montgomery Scott LLC boosted its stake in Fortune Brands Innovations by 10.7% during the third quarter. Janney Montgomery Scott LLC now owns 10,343 shares of the company's stock valued at $926,000 after buying an additional 1,001 shares in the last quarter. Aptus Capital Advisors LLC bought a new stake in Fortune Brands Innovations in the third quarter worth approximately $257,000. Oppenheimer & Co. Inc. bought a new stake in Fortune Brands Innovations in the third quarter worth approximately $208,000. Tokio Marine Asset Management Co. Ltd. grew its position in Fortune Brands Innovations by 5.5% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,041 shares of the company's stock worth $451,000 after acquiring an additional 261 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in Fortune Brands Innovations by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,609 shares of the company's stock worth $323,000 after acquiring an additional 121 shares in the last quarter. Institutional investors own 87.60% of the company's stock.

Fortune Brands Innovations Price Performance

Shares of FBIN traded down $0.49 during trading hours on Thursday, hitting $63.05. The stock had a trading volume of 2,132,850 shares, compared to its average volume of 1,245,541. The company's fifty day moving average is $68.06 and its two-hundred day moving average is $75.76. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.25 and a quick ratio of 0.65. Fortune Brands Innovations, Inc. has a 52 week low of $59.64 and a 52 week high of $90.54. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 2.00 and a beta of 1.53.

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

Insiders Place Their Bets

In related news, EVP Kristin Papesh acquired 483 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $61.99 per share, with a total value of $29,941.17. Following the acquisition, the executive vice president now directly owns 7,617 shares in the company, valued at $472,177.83. The trade was a 6.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ron Wilson sold 1,500 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $68.94, for a total transaction 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. This represents a 12.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Analyst Ratings Changes

FBIN has been the subject of several recent research reports. The Goldman Sachs Group decreased their target price on shares of Fortune Brands Innovations from $97.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada decreased their target price on shares of Fortune Brands Innovations from $75.00 to $70.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Barclays reduced their price objective 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. Finally, UBS Group cut their target price on shares of Fortune Brands Innovations from $93.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $86.64.

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.