LPL Financial LLC Buys 3,875 Shares of Fortune Brands Innovations, Inc. (NYSE:FBIN)

LPL Financial LLC raised its holdings in shares of Fortune Brands Innovations, Inc. ( NYSE:FBIN – Free Report ) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.

The fund owned 49,978 shares of the company’s stock after purchasing an additional 3,875 shares during the quarter. LPL Financial LLC’s holdings in Fortune Brands Innovations were worth $3,415,000 as of its most recent filing with the Securities & Exchange Commission. Several other large investors also recently added to or reduced their stakes in the stock.



Charles Schwab Investment Management Inc. increased its stake in Fortune Brands Innovations by 1.4% in the fourth quarter.

Charles Schwab Investment Management Inc. now owns 864,833 shares of the company’s stock worth $59,094,000 after purchasing an additional 11,722 shares during the period. Trust Point Inc.

acquired a new position in shares of Fortune Brands Innovations during the fourth quarter valued at about $319,000. Raymond James Financial Inc. acquired a new stake in shares of Fortune Brands Innovations during the fourth quarter worth $40,027,000.

SG Americas Securities LLC increased its holdings in shares of Fortune Brands Innovations by 812.5% in the fourth quarter. SG Americas Securities LLC now owns 33,543 shares of the company’s stock valued at $2,292,000 after purchasing an additional 29,867 shares during the period.

Finally, M&T Bank Corp lifted its stake in Fortune Brands Innovations by 41.9% during the 4th quarter. M&T Bank Corp now owns 23,591 shares of the company’s stock valued at $1,612,000 after acquiring an additional 6,971 shares during the period.

87.60% of the stock is owned by institutional investors. Wall Street Analyst Weigh In A number of brokerages have issued reports on FBIN.

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.

Royal Bank of Canada cut their price objective on shares of Fortune Brands Innovations from $75.00 to $70.00 and set a “sector perform” rating for the company in a report on Friday, February 7th.

Barclays cut their price target on shares of Fortune Brands Innovations from $79.00 to $68.00 and set an “overweight” rating for the company in a report on Tuesday.

The Goldman Sachs Group decreased their price objective on shares of Fortune Brands Innovations from $97.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th.

Finally, UBS Group reduced their target price on shares of Fortune Brands Innovations from $93.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, February 7th.

Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Fortune Brands Innovations has a consensus rating of “Hold” and a consensus price target of $84.33.

Insiders Place Their Bets In other Fortune Brands Innovations news, EVP Ron Wilson sold 1,500 shares of the firm’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 sale, the executive vice president now directly owns 10,066 shares of the company’s stock, valued at approximately $693,950.04.

This trade represents a 12.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink .

Also, EVP Kristin Papesh purchased 483 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $61.99 per share, for a total transaction of $29,941.

17. Following the purchase, the executive vice president now owns 7,617 shares of the company’s stock, valued at $472,177.83.

This trade represents a 6.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here .

1.20% of the stock is currently owned by company insiders. Fortune Brands Innovations Stock Up 0.

4 % Fortune Brands Innovations stock opened at $51.70 on Friday. Fortune Brands Innovations, Inc.

has a fifty-two week low of $47.21 and a fifty-two week high of $90.54.

The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.65 and a current ratio of 1.

25. The company has a market capitalization of $6.27 billion, a P/E ratio of 13.

79, a PEG ratio of 2.00 and a beta of 1.42.

The stock has a 50-day simple moving average of $62.31 and a 200-day simple moving average of $72.52.

Fortune Brands Innovations ( NYSE:FBIN – Get Free Report ) last issued its earnings results on Thursday, February 6th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.

05 by ($0.07). Fortune Brands Innovations had a net margin of 10.

24% and a return on equity of 22.05%. Equities research analysts expect that Fortune Brands Innovations, Inc.

will post 4.24 earnings per share for the current year. Fortune Brands Innovations 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. Featured Stories Five stocks we like better than Fortune Brands Innovations How to Most Effectively Use the MarketBeat Earnings Screener JPMorgan is a Buy, if You Can Handle The Volatility 3 Best Fintech Stocks for a Portfolio Boost United States Steel’s Crash: An Unmissable Buying Opportunity Golden Cross Stocks: Pattern, Examples and Charts Rocket Lab Stock: Weathering the Storm, Time for a Comeback? 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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