Fortune Brands InnovationsFBIN
Market Cap: $9.61B
About: Fortune Brands Innovations is a leading home and security products company that has three reportable segments. The company's $2.6 billion water segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures; the $1.3 billion outdoors segment primarily sells entry doors under the Therma-Tru brand name and Fiberon-branded patio decking; and the $723 million security segment sells locks and other security devices under the Master Lock, SentrySafe, Yale, and August brand names.
Employees: 11,700
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0.92% more ownership
Funds ownership: 89.16% [Q1] → 90.08% (+0.92%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
1% less funds holding
Funds holding: 608 [Q1] → 602 (-6) [Q2]
7% less first-time investments, than exits
New positions opened: 79 | Existing positions closed: 85
8% less repeat investments, than reductions
Existing positions increased: 185 | Existing positions reduced: 202
23% less capital invested
Capital invested by funds: $9.51B [Q1] → $7.31B (-$2.19B) [Q2]
44% less call options, than puts
Call options by funds: $3.97M | Put options by funds: $7.14M
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
JP Morgan Michael Rehaut 64% 1-year accuracy 9 / 14 met price target | 9%upside $84 | Neutral Maintained | 30 Jul 2024 |
Barclays Matthew Bouley 75% 1-year accuracy 53 / 71 met price target | 11%upside $86 | Overweight Maintained | 26 Jul 2024 |
Goldman Sachs Susan Maklari 66% 1-year accuracy 23 / 35 met price target | 11%upside $86 | Buy Maintained | 26 Jul 2024 |
RBC Capital Mike Dahl 56% 1-year accuracy 28 / 50 met price target | 5%upside $81 | Sector Perform Maintained | 26 Jul 2024 |
Truist Securities Keith Hughes 61% 1-year accuracy 36 / 59 met price target | 6%upside $82 | Buy Maintained | 26 Jul 2024 |