Date | Price Target | Rating | Analyst |
---|---|---|---|
1/31/2024 | $76.00 → $82.00 | Outperform → Market Perform | BMO Capital Markets |
1/19/2024 | Perform | Oppenheimer | |
6/23/2023 | $73.00 → $70.00 | Overweight → Neutral | JP Morgan |
4/28/2023 | $67.00 → $84.00 | Hold → Buy | Jefferies |
3/9/2023 | $48.00 | Neutral → Underperform | Credit Suisse |
2/2/2023 | $65.00 | Buy → Hold | Loop Capital |
1/30/2023 | $61.00 → $60.00 | Neutral → Underperform | BofA Securities |
144 - Fortune Brands Innovations, Inc. (0001519751) (Subject)
144 - Fortune Brands Innovations, Inc. (0001519751) (Subject)
10-Q - Fortune Brands Innovations, Inc. (0001519751) (Filer)
8-K - Fortune Brands Innovations, Inc. (0001519751) (Filer)
11-K - Fortune Brands Innovations, Inc. (0001519751) (Filer)
11-K - Fortune Brands Innovations, Inc. (0001519751) (Filer)
8-K - Fortune Brands Innovations, Inc. (0001519751) (Filer)
SD - Fortune Brands Innovations, Inc. (0001519751) (Filer)
8-K - Fortune Brands Innovations, Inc. (0001519751) (Filer)
S-3ASR - Fortune Brands Innovations, Inc. (0001519751) (Filer)
4 - Fortune Brands Innovations, Inc. (0001519751) (Issuer)
4 - Fortune Brands Innovations, Inc. (0001519751) (Issuer)
4 - Fortune Brands Innovations, Inc. (0001519751) (Issuer)
4 - Fortune Brands Innovations, Inc. (0001519751) (Issuer)
4 - Fortune Brands Innovations, Inc. (0001519751) (Issuer)
4 - Fortune Brands Innovations, Inc. (0001519751) (Issuer)
4 - Fortune Brands Innovations, Inc. (0001519751) (Issuer)
4 - Fortune Brands Innovations, Inc. (0001519751) (Issuer)
4 - Fortune Brands Innovations, Inc. (0001519751) (Issuer)
4 - Fortune Brands Innovations, Inc. (0001519751) (Issuer)
Highlights: Q2 2024 sales were $1.2 billion, an increase of 7 percent versus Q2 2023. Organic sales were $1.1 billion, a decrease of 3 percent versus Q2 2023 Q2 2024 earnings per share (EPS) were $1.06, an increase of 33 percent versus a year ago; EPS before charges / gains were $1.16, an increase of 8 percent versus Q2 2023 Company announced a number of key milestones in its digital products strategy Company updates full-year 2024 guidance, reflecting a revised macro-economic outlook and strength in key businesses while maintaining prior mid-point of EPS before charges / gains range Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company focused
Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced that its Board of Directors declared a quarterly cash dividend of $0.24 per common share. The dividend is payable on September 11, 2024, to stockholders of record as of the close of business on August 23, 2024. About Fortune Brands Innovations Fortune Brands Innovations, Inc. (NYSE:FBIN), headquartered in Deerfield, Ill., is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. The Company's growing portfolio of bra
Master Lock distributed bike locks at "Bikes for Stripes Summer Resource Fair" to help those in need MILWAUKEE, July 3, 2024 /PRNewswire/ -- Master Lock, the industry leader in padlocks and security products, donated bike locks to the Milwaukee Homeless Veterans Initiative (MHVI) as part of its "Bikes for Stripes" program. The initiative is a joint venture of MHVI, Elmbrook Rotary Foundation and Milwaukee County Veterans Service Office to promote the health and mobility of Milwaukee County veterans by offering free, donated bicycles, helmets and locks to homeless veterans, who often have no other form of transportation.
Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, will release second quarter 2024 financial results after the market close on Thursday, July 25, 2024. At 5:00 p.m. ET, Chief Executive Officer Nicholas Fink, Chief Financial Officer David Barry, and Vice President of Investor Relations and Corporate Affairs Leigh Avsec, will host a conference call to discuss first quarter 2024 results. A live internet audio webcast of the conference call will be available on the Fortune Brands website at https://ir.fbin.com/upcoming-events. It is recommended that listeners log on at least 10
Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced the release of its 2023 ESG Report, which documents the Company's environmental, social and governance practices, initiatives and opportunities. "Fortune Brands Innovations is geared to strategically pursue our biggest opportunities, including in areas where we see outsized growth potential, such as sustainability, safety, connected products and material conversion," said Fortune Brands Chief Executive Officer Nicholas Fink. "Whether it's helping people to save water with our game-changing ecosystem of smart p
Collaboration Will Make Smart Leak Detection More Accessible to Homeowners and Help Maximize Water Use Efficiency in California Moen, the leader in water experiences in the home, today announced it has signed an agreement with the California Water Efficiency Partnership ("CalWEP") to advance water use efficiency in California through an instant rebate program for its Flo Smart Water Monitor and Shutoff. This innovative device offers a digitally driven and proactive approach to leak detection, with the ability to help reduce household water wasted through preventable leaks by up to 90 percent.* This press release features multimedia. View the full release here: https://www.businesswire.co
Frontdoor, Inc. (NASDAQ:FTDR), the nation's leading provider of home warranties, today announced it has signed an exclusive agreement with Moen to install its Flo Smart Water Monitor and Shutoff, a water shut-off valve, for customers in California who purchase Flo as part of certain marketing programs with home insurance providers. Shut-off valves are now required by selected insurance providers in California and around the United States. "Moen is a top name in the industry and we are super excited to work with such a great brand," said Frontdoor, Inc. Chief Revenue Officer Kathy Collins. "With our extensive network of independent plumbing contractors in California, this agreement gives F
Smart Leak Detection From Moen Can Help Homeowners Avoid Expensive and Preventable Flooding Moen, the leader in water experiences in the home, today announced an initiative with Amica Insurance aimed to encourage policyholders to adopt Flo Smart Water Monitor and Shutoff devices through special savings and installation programs. Use of smart technology can significantly reduce the incidence of catastrophic water damage due to residential leaks. Flo Smart Water Monitor and Shutoff devices offer a digitally driven and proactive approach to leak detection. They have the ability to help reduce water damage claim frequency events by as much as 96%,1 as well as household water wasted through pr
Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced it has acquired a minority stake and entered into a strategic partnership with Value Hybrid Global, S.L. ("Value Hybrid"), a leading software and SaaS startup focused on the delivery of connected lockout tagout (cLOTO) solutions. This partnership will expedite Master Lock's ability to bring to market new and innovative products in the emerging field of cLOTO, and expand its presence in commercial safety solutions. Fortune Brands Chief Executive Officer Nicholas Fink said, "Connected lockout tagout is a signifi
Smart Leak Detection From Moen Can Help the Insurance Industry and Its Customers to Minimize the Impact of Water Leaks Moen, the leader in water experiences in the home, today announced an initiative with a major insurance provider designed to drive adoption of Flo Smart Water Monitor and Shutoff devices through special savings and installation programs for its customers. This program can significantly reduce the number of insurance claims customers file related to catastrophic water damage because of residential leaks. Flo Smart Water Monitor and Shutoff devices offer a digitally driven and proactive approach to leak detection, with the ability to help reduce water damage claim frequency
BMO Capital Markets downgraded Fortune Brands Innovations from Outperform to Market Perform and set a new price target of $82.00 from $76.00 previously
Oppenheimer initiated coverage of Fortune Brands Innovations with a rating of Perform
JP Morgan downgraded Fortune Brands Innovations from Overweight to Neutral and set a new price target of $70.00 from $73.00 previously
Jefferies upgraded Fortune Brands Innovations from Hold to Buy and set a new price target of $84.00 from $67.00 previously
Credit Suisse downgraded Fortune Brands Innovations from Neutral to Underperform and set a new price target of $48.00
Loop Capital downgraded Fortune Brands Innovations from Buy to Hold and set a new price target of $65.00
BofA Securities downgraded Fortune Brands Innovations from Neutral to Underperform and set a new price target of $60.00 from $61.00 previously
Company appoints Chief Human Resources Officer and shifts current CHRO to become its dedicated Chief Transformation Officer to best support Fortune Brands' strategic growth initiatives and continue building a strong, attractive culture and workplace Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading home, security and commercial building products company, today announced that the Board of Directors has appointed Kristin Papesh to serve as Executive Vice President and Chief Human Resources Officer, effective November 27, 2023. Additionally, Sheri Grissom, the Company's current Chief Human Resources and Transformation Officer, will solely focus on leading the Company's Transf
Highlights: Q2 2024 sales were $1.2 billion, an increase of 7 percent versus Q2 2023. Organic sales were $1.1 billion, a decrease of 3 percent versus Q2 2023 Q2 2024 earnings per share (EPS) were $1.06, an increase of 33 percent versus a year ago; EPS before charges / gains were $1.16, an increase of 8 percent versus Q2 2023 Company announced a number of key milestones in its digital products strategy Company updates full-year 2024 guidance, reflecting a revised macro-economic outlook and strength in key businesses while maintaining prior mid-point of EPS before charges / gains range Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company focused
Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced that its Board of Directors declared a quarterly cash dividend of $0.24 per common share. The dividend is payable on September 11, 2024, to stockholders of record as of the close of business on August 23, 2024. About Fortune Brands Innovations Fortune Brands Innovations, Inc. (NYSE:FBIN), headquartered in Deerfield, Ill., is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. The Company's growing portfolio of bra
Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, will release second quarter 2024 financial results after the market close on Thursday, July 25, 2024. At 5:00 p.m. ET, Chief Executive Officer Nicholas Fink, Chief Financial Officer David Barry, and Vice President of Investor Relations and Corporate Affairs Leigh Avsec, will host a conference call to discuss first quarter 2024 results. A live internet audio webcast of the conference call will be available on the Fortune Brands website at https://ir.fbin.com/upcoming-events. It is recommended that listeners log on at least 10
Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced it has acquired a minority stake and entered into a strategic partnership with Value Hybrid Global, S.L. ("Value Hybrid"), a leading software and SaaS startup focused on the delivery of connected lockout tagout (cLOTO) solutions. This partnership will expedite Master Lock's ability to bring to market new and innovative products in the emerging field of cLOTO, and expand its presence in commercial safety solutions. Fortune Brands Chief Executive Officer Nicholas Fink said, "Connected lockout tagout is a signifi
Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced that its Board of Directors declared a quarterly cash dividend of $0.24 per common share on May 6, 2024. The dividend is payable on June 12, 2024, to stockholders of record as of the close of business on May 24, 2024. About Fortune Brands Innovations Fortune Brands Innovations, Inc. (NYSE:FBIN), headquartered in Deerfield, Ill., is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. The Company's growing portfolio
Highlights: Q1 2024 sales were $1.1 billion, an increase of 7 percent over Q1 2023. Organic sales were $1.0 billion, a decrease of 3 percent versus Q1 2023 Q1 2024 earnings per share (EPS) were $0.76, an increase of 13 percent versus a year ago; EPS before charges / gains were $0.83, an increase of 20 percent versus Q1 2023 Company reaffirms initial 2024 guidance, with a focus on above-market sales performance, margin expansion and cash generation Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced first quarter 2024 results. "Our first quarter sale
Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, will release first quarter 2024 financial results after the market close on Tuesday, April 30, 2024. At 5:00 p.m. ET, Chief Executive Officer Nicholas Fink, Chief Financial Officer David Barry, and Vice President of Investor Relations and Corporate Affairs Leigh Avsec, will host a conference call to discuss first quarter 2024 results. A live internet audio webcast of the conference call will be available on the Fortune Brands website at https://ir.fbin.com/upcoming-events. It is recommended that listeners log on at least 10 m
Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives, today announced it has acquired SpringWell Water Filtration Systems ("SpringWell"). SpringWell provides residential whole-home water filtration and water softening solutions via direct-to-consumer channels. Its portfolio of point-of-entry and point-of-use products, including Do-It-Yourself installations, are sold under the SpringWell brand. The addition of SpringWell paves the way for Fortune Brands to invest and capture opportunities in the approximately $4 billion water filtration and water quality U.S. residential market.
Highlights: Q4 2023 sales were $1.2 billion, an increase of 3 percent over Q4 2022. Organic sales excluding the impact of the non-reoccurring 53rd week and FX were $1.1 billion, a decrease of 3 percent versus Q4 2022 Q4 2023 earnings per share (EPS) were $0.64, a decrease of 35 percent versus a year ago; EPS before charges / gains were $0.95, a decrease of 11 percent versus Q4 2022, reflecting the impact of one-time separation items and the 53rd week Full-year 2023 sales were $4.6 billion, a decrease of 2 percent over 2022. Organic sales excluding the impact of the non-reoccurring 53rd week and FX were $4.4 billion, a decrease of 6 percent versus full year 2022 Full-year 2023 E
Board Declares Quarterly Dividend, Continuing 125th Year of Uninterrupted Dividend Payments General Mills, Inc. (NYSE:GIS) today announced the election of Benno O. Dorer and John G. Morikis to its board of directors effective Jan. 29, 2024. The election of Dorer and Morikis reflects the company's thoughtful approach to board succession and refreshment. As the former Chairman and Chief Executive Officer of The Clorox Company (NYSE:CLX), Dorer brings to the board strong executive leadership experience from a global consumer packaged goods company. Dorer served as Chief Executive Officer of Clorox from 2014 to September 2020, Chairman from 2016 to September 2020 and Executive Chairman from
Barclays analyst Matthew Bouley maintains Fortune Brands (NYSE:FBIN) with a Overweight and lowers the price target from $90 to $84.
Loop Capital analyst Garik Shmois maintains Fortune Brands (NYSE:FBIN) with a Hold and lowers the price target from $82 to $79.
6 analysts have expressed a variety of opinions on Fortune Brands (NYSE:FBIN) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 4 0 0 Last 30D 2 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 4 0 0 Analysts have set 12-month price targets for Fortune Brands, revealing an average target of $80.67, a high estimate of $86.00, and a low estimate of $75.00. A negative shift in sentiment is evident as analysts h
Goldman Sachs analyst Susan Maklari maintains Fortune Brands (NYSE:FBIN) with a Buy and lowers the price target from $88 to $75.
Truist Securities analyst Keith Hughes maintains Fortune Brands (NYSE:FBIN) with a Buy and lowers the price target from $92 to $75.
Fortune Brands's (NYSE:FBIN) short percent of float has risen 15.35% since its last report. The company recently reported that it has 3.02 million shares sold short, which is 2.78% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.56 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes