Fortune Brands Innovations Inc. (FBIN)

Fortune Brands Innovations, Inc. (NYSE:FBIN) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lowered its position in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN – Free Report) by 42.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 629 shares of the company’s stock after selling 455 shares during the quarter. National Bank of Canada FI’s holdings in Fortune Brands Innovations were worth $47,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tobam raised its stake in shares of Fortune Brands Innovations by 1,181.5% during the 4th quarter. Tobam now owns 346 shares of the company’s stock valued at $26,000 after buying an additional 319 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Fortune Brands Innovations during the 4th quarter valued at about $27,000. Operose Advisors LLC purchased a new position in shares of Fortune Brands Innovations during the 3rd quarter valued at about $31,000. Addison Advisors LLC raised its stake in shares of Fortune Brands Innovations by 38.7% during the 4th quarter. Addison Advisors LLC now owns 563 shares of the company’s stock valued at $43,000 after buying an additional 157 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in shares of Fortune Brands Innovations during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 87.60% of the company’s stock. Insider Activity In other news, Director Ronald V. Waters sold 2,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $81.10, for a total value of $162,200.00. Following the completion of the sale, the director now directly owns 2,435 shares of the company’s stock, valued at $197,478.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock. Fortune Brands Innovations Stock Performance Shares of FBIN opened at $73.00 on Monday. The stock has a 50 day moving average price of $77.54 and a 200 day moving average price of $75.74. The company has a quick ratio of 1.08, a current ratio of 2.04 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.58. Fortune Brands Innovations, Inc. has a 52-week low of $54.10 and a 52-week high of $84.92. Fortune Brands Innovations (NYSE:FBIN – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.07. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Fortune Brands Innovations had a return on equity of 22.88% and a net margin of 8.87%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 earnings per share. Research analysts predict that Fortune Brands Innovations, Inc. will post 4.31 EPS for the current fiscal year. Fortune Brands Innovations Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 24th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, May 23rd. Fortune Brands Innovations’s payout ratio is currently 29.36%. Analyst Ratings Changes FBIN has been the subject of a number of recent research reports. Evercore ISI reduced their price objective on Fortune Brands Innovations from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, May 1st. Barclays increased their price target on Fortune Brands Innovations from $87.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. BMO Capital Markets restated a “market perform” rating and issued a $82.00 price objective (up from $76.00) on shares of Fortune Brands Innovations in a research report on Wednesday, January 31st. Finally, Robert W. Baird increased their target price on Fortune Brands Innovations from $85.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $79.22. Check Out Our Latest Report on Fortune Brands Innovations Fortune Brands Innovations Company Profile (Free Report) 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. See Also Five stocks we like better than Fortune Brands Innovations What is the Euro STOXX 50 Index? MarketBeat Week in Review – 5/13 – 5/17 3 Grocery Stocks That Are Proving They Are Still Essential Take-Two Interactive Software Offers 2nd Chance for Investors What Are Dividend Challengers? Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook