Brokerages Set Fortune Brands Innovations, Inc. (NYSE:FBIN) PT at $86.64

Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN) have been assigned an average rating of “Hold” from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $85.25.

A number of equities analysts recently commented on the company. The Goldman Sachs Group dropped their price objective on Fortune Brands Innovations from $97.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays cut their price target on shares of Fortune Brands Innovations from $91.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. UBS Group decreased their price objective on shares of Fortune Brands Innovations from $93.00 to $90.00 and set a “buy” rating for the company in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft assumed coverage on Fortune Brands Innovations in a report on Tuesday. They set a “hold” rating and a $70.00 target price on the stock. Finally, Royal Bank of Canada lowered their price objective on Fortune Brands Innovations from $75.00 to $70.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th.

Fortune Brands Innovations Trading Up 0.1 %

Shares of NYSE:FBIN opened at $60.91 on Friday. Fortune Brands Innovations has a 12-month low of $59.58 and a 12-month high of $90.54. The company has a quick ratio of 0.65, a current ratio of 1.25 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $7.47 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 2.00 and a beta of 1.53. The firm has a fifty day moving average of $66.16 and a two-hundred day moving average of $74.67.

Fortune Brands Innovations (NYSE:FBIN) last issued its earnings results 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 net margin of 10.24% and a return on equity of 22.05%. On average, equities analysts expect that Fortune Brands Innovations will post 4.24 EPS for the current fiscal year.

Insider Transactions at Fortune Brands Innovations

In related news, EVP Ron Wilson sold 1,500 shares of the business’s 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 transaction, the executive vice president now directly owns 10,066 shares in the company, valued at $693,950.04. The trade was a 12.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kristin Papesh acquired 483 shares of Fortune Brands Innovations stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $61.99 per share, with a total value of $29,941.17. Following the transaction, the executive vice president now directly owns 7,617 shares in the company, valued at approximately $472,177.83. This trade represents a 6.77 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Fortune Brands Innovations

A number of institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new stake in Fortune Brands Innovations in the 3rd quarter valued at $25,000. Flagship Wealth Advisors LLC acquired a new position in Fortune Brands Innovations in the fourth quarter valued at about $31,000. Wingate Wealth Advisors Inc. bought a new stake in Fortune Brands Innovations during the fourth quarter worth about $55,000. IFP Advisors Inc increased its holdings in shares of Fortune Brands Innovations by 47.6% during the fourth quarter. IFP Advisors Inc now owns 853 shares of the company’s stock worth $62,000 after buying an additional 275 shares in the last quarter. Finally, Siemens Fonds Invest GmbH bought a new position in shares of Fortune Brands Innovations in the fourth quarter valued at approximately $76,000. Institutional investors and hedge funds own 87.60% of the company’s stock.

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.