Fortune Brands Innovations (NYSE:FBIN) Given New $68.00 Price Target at Barclays

Fortune Brands Innovations ( NYSE:FBIN – Free Report ) had its target price trimmed by Barclays from $79.00 to $68.00 in a research report sent to investors on Tuesday, Benzinga reports.

The brokerage currently has an overweight rating on the stock. Several other analysts have also recently commented on FBIN. The Goldman Sachs Group lowered 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 note on Tuesday, January 14th. UBS Group dropped their target price on 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. Royal Bank of Canada reduced their target price 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, Deutsche Bank Aktiengesellschaft started coverage on Fortune Brands Innovations in a report on Tuesday, April 1st.

They issued a “hold” rating and a $70.00 price target for the company. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock.

According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $84.33.

Read Our Latest Stock Report on FBIN Fortune Brands Innovations Stock Performance Fortune Brands Innovations ( NYSE:FBIN – Get Free Report ) last released its earnings results on Thursday, February 6th. The company reported $0.98 earnings per share (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%. As a group, analysts predict that Fortune Brands Innovations will post 4.

24 earnings per share for the current fiscal year. Insider Activity at Fortune Brands Innovations In other news, EVP Ron Wilson sold 1,500 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $68.

94, for a total value of $103,410.00. Following the completion of the sale, the executive vice president now owns 10,066 shares of the company’s stock, valued at $693,950.

04. This represents a 12.97 % decrease in their ownership of the stock.

The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, EVP Kristin Papesh bought 483 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $61.

99 per share, for a total transaction of $29,941.17. Following the completion of the acquisition, the executive vice president now 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 . 1.20% of the stock is currently owned by insiders.

Institutional Trading of Fortune Brands Innovations Several large investors have recently bought and sold shares of the company. Flagship Wealth Advisors LLC purchased a new position in shares of Fortune Brands Innovations in the fourth quarter valued at $31,000. Wingate Wealth Advisors Inc.

acquired a new position in Fortune Brands Innovations in the 4th quarter worth $55,000. IFP Advisors Inc boosted its position in Fortune Brands Innovations by 47.6% in the 4th quarter.

IFP Advisors Inc now owns 853 shares of the company’s stock valued at $62,000 after buying an additional 275 shares during the last quarter. Siemens Fonds Invest GmbH acquired a new stake in shares of Fortune Brands Innovations during the fourth quarter valued at about $76,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Fortune Brands Innovations during the fourth quarter worth about $82,000.

Institutional investors and hedge funds own 87.60% of the company’s stock. Fortune Brands Innovations Company Profile ( Get 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. Further Reading Receive News & Ratings for Fortune Brands Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortune Brands Innovations and related companies with MarketBeat.

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