Fortune Brands Innovations, Inc. (NYSE:FBIN) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) by 77.8% in the fourth quarter, Holdings Channel reports. The firm 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 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Brooklyn Investment Group purchased a new position in Fortune Brands Innovations in the third quarter valued at $25,000. Raleigh Capital Management Inc. raised its stake in shares of Fortune Brands Innovations by 31.7% during the third quarter. Raleigh Capital Management Inc. now owns 897 shares of the company’s stock worth $80,000 after purchasing an additional 216 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in Fortune Brands Innovations in the third quarter valued at about $81,000. Blue Trust Inc. boosted its position in shares of Fortune Brands Innovations by 18.0% during the 4th quarter. Blue Trust Inc. now owns 1,436 shares of the company’s stock worth $98,000 after purchasing an additional 219 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Fortune Brands Innovations by 11.2% in the fourth quarter. UMB Bank n.a. now owns 1,688 shares of the company’s stock valued at $115,000 after buying an additional 170 shares in the last quarter. 87.60% of the stock is currently owned by institutional investors and hedge funds.

Fortune Brands Innovations Price Performance

NYSE FBIN opened at $68.98 on Wednesday. The business’s fifty day moving average is $72.87 and its two-hundred day moving average is $78.16. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.69 and a current ratio of 1.32. The stock has a market capitalization 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. Fortune Brands Innovations, Inc. has a 1 year low of $62.54 and a 1 year high of $90.54.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.15 by $0.01. Fortune Brands Innovations had a net margin of 9.61% and a return on equity of 22.22%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the company posted $1.19 earnings per share. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, research analysts forecast that Fortune Brands Innovations, Inc. will post 4.19 earnings per share for the current fiscal year.

Fortune Brands Innovations Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be paid 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 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 is 28.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FBIN shares. Jefferies Financial Group upped their target price on Fortune Brands Innovations from $100.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group lowered their target price on Fortune Brands Innovations from $97.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. UBS Group dropped their price objective on Fortune Brands Innovations from $98.00 to $97.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. BMO Capital Markets lifted their target price 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. Finally, Robert W. Baird dropped their target price on Fortune Brands Innovations from $94.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Fortune Brands Innovations presently has a consensus rating of “Hold” and a consensus target price 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.