Fortune Brands Innovations

FBIN · NYSE

$40.79+$0.61 (+1.52%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $40.18

FBIN analyst rating

HoldConsensus of 15 analysts over the last 12 months. 47% rate it a buy.

Strong buy0
Buy7
Hold7
Underperform1
Sell0

12-month price target · 18 analysts

Average $58.21 (+42.7% upside)

Low: $48.48
Now: $40.79
High: $73.50

Upgrades and downgrades

The latest rating actions, newest first

FBIN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Citigroup	Oct 9, 2026	Initiates	Buy	$48.00	54%
RBC Capital	Oct 7, 2026	Maintains	Outperform	$57.00 → $49.00	59%
Melius Research	Oct 6, 2026	Initiates	Hold	$44.00	60%
Barclays	Oct 6, 2026	Maintains	Equal-Weight	$54.00 → $47.00	52%
Evercore ISI Group	Sep 25, 2026	Maintains	In-Line	$56.00 → $45.00	49%
Wells Fargo	Sep 11, 2026	Maintains	Overweight	$52.00 → $48.00	47%
DA Davidson	Aug 25, 2026	Initiates	Buy	$64.00	52%
Wells Fargo	Aug 24, 2026	Initiates	Overweight	$52.00	47%
UBS	Aug 5, 2026	Maintains	Buy	$63.00 → $65.00	46%
RBC Capital	Aug 5, 2026	Maintains	Outperform	$50.00 → $57.00	59%

The case for and against

Updated Oct 18, 2026

Bull case

Fortune Brands is supported by premium, market-share-winning brands in water, outdoors, and security that together span both R&R and new construction, with water innovation alone generating around 55% of sales and the portfolio skewing toward higher-quality, higher-margin products. Despite softer demand and inflation, management expects pricing and cost to remain manageable, and the raised $70 million annualized cost-savings plan, with $15 million included in 2026 and the full benefit by 1Q27, should help offset near-term pressure while improving margins. Its 1Q'26 Adj. EPS of $0.53 beat estimates, and valuation remains attractive versus peers, creating upside if product share gains, digital growth, and portfolio optimization continue to drive better execution.

Bear case

Fortune Brands is facing a deteriorating fundamental setup as FY'26 EPS guidance was cut to $3.00-$3.30 and sales are now expected to decline low single digits, with FY'26E revenue revised to $4.37 billion and operating margin compressed to 13.8%. The weakness is broad-based: Water sales were hurt by depressed China demand, Outdoors fell 3.4% on Fiberon and weaker builder-channel conditions, and Security revenue dropped 6%, while tariffs and input inflation rose to about $180 million, pressuring margins further. Management’s $70 million cost-savings plan helps, but with 2Q sales guided down mid-single digits and elevated leverage limiting capital deployment, the outlook remains challenged.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.