Federated Hermes Inc. Decreases Stock Holdings in Fortune Brands Innovations, Inc. $FBIN
Federated Hermes Inc. has reduced its stake in Fortune Brands Innovations, Inc. ($FBIN) by 16.0% in Q2, selling 160,333 shares and retaining 844,342 shares valued at approximately $43.5 million. Fortune Brands Innovations slightly missed recent quarterly earnings and revenue estimates and provided FY2025 guidance below analysts' forecasts. The company announced a quarterly dividend of $0.25, and its stock is currently rated as an average "Hold" by analysts with a price target of $64.20.
https://www.marketbeat.com/instant-alerts/filing-federated-hermes-inc-decreases-stock-holdings-in-fortune-brands-innovations-inc-fbin-2025-12-09/