Fortune Brands Enters Strategic Partnership with Value Hybrid to Develop Connected Lockout Tagout Solutions; Acquires Minority Stake
Fortune Brands Innovations, Inc. (FBIN)
Company Research
Source: Business Wire
DEERFIELD, Ill.--(BUSINESS WIRE)--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), 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 significant opportunity for Fortune Brands. It is an attractive, emerging field that we are well positioned to lead in, given our highly recognized Master Lock brand, lockout tagout expertise, channel strength and commitment to invest
Show less
Read more
Impact Snapshot
Event Time:
FBIN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FBIN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FBIN alerts
High impacting Fortune Brands Innovations, Inc. news events
Weekly update
A roundup of the hottest topics
FBIN
News
- Fortune Brands Declares Quarterly DividendBusiness Wire
- Fortune Brands Innovations, Inc. (NYSE: FBIN) had its price target raised by analysts at JPMorgan Chase & Co. from $82.00 to $84.00. They now have a "neutral" rating on the stock.MarketBeat
- Fortune Brands Innovations, Inc. (NYSE: FBIN) had its price target raised by analysts at Barclays PLC from $84.00 to $86.00. They now have an "overweight" rating on the stock.MarketBeat
- Fortune Brands Innovations, Inc. (NYSE: FBIN) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $75.00 to $86.00. They now have a "buy" rating on the stock.MarketBeat
- Fortune Brands Innovations, Inc. (NYSE: FBIN) had its price target raised by analysts at Royal Bank of Canada from $79.00 to $81.00. They now have a "sector perform" rating on the stock.MarketBeat
FBIN
Earnings
- 7/25/24 - Beat
FBIN
Sec Filings
- 8/29/24 - Form 4
- 8/27/24 - Form 144
- 8/1/24 - Form 4
- FBIN's page on the SEC website