• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13G filed by Fortune Brands Innovations Inc.

    11/14/24 4:23:59 PM ET
    $FBIN
    Forest Products
    Basic Materials
    Get the next $FBIN alert in real time by email
    SC 13G 1 s013024a.htm SCHEDULE 13G



    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549




    SCHEDULE 13G
    Under the Securities Exchange Act of 1934
    (Amendment No. )*





    Fortune Brands Innovations, Inc.

    (Name of Issuer)


    Common Stock

    (Title of Class of Securities)


    34964C106

    (CUSIP Number)



    September 30, 2024

    (Date of Event Which Requires Filing of This Statement)





    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

    ☒
    Rule 13d-1(b)
    ☐
    Rule 13d-1(c)
    ☐
    Rule 13d-1(d)

    *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




    CUSIP No. 34964C106
    SCHEDULE 13G
    Page 2 of 6 Pages

    1
    NAMES OF REPORTING PERSONS
     
    Select Equity Group, L.P.
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ☐
    (b) ☐
    3
    SEC USE ONLY
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    5
    SOLE VOTING POWER
     
    0
    6
    SHARED VOTING POWER
     
    8,559,466
    7
    SOLE DISPOSITIVE POWER
     
    0
    8
    SHARED DISPOSITIVE POWER
     
    8,559,466
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
     
    8,559,466
    10
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     
    ☐
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    6.9%*
    12
    TYPE OF REPORTING PERSON
     
    IA
    * Beneficial ownership based on 124,225,631 shares of common stock outstanding as of October 18, 2024, as reported on the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on November 7, 2024.




    CUSIP No. 34964C106
    SCHEDULE 13G
    Page 3 of 6 Pages

    1
    NAMES OF REPORTING PERSONS
     
    George S. Loening
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ☐
    (b) ☐
    3
    SEC USE ONLY
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
    USA
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
    WITH
    5
    SOLE VOTING POWER
     
    0
    6
    SHARED VOTING POWER
     
    8,559,466
    7
    SOLE DISPOSITIVE POWER
     
    0
    8
    SHARED DISPOSITIVE POWER
     
    8,559,466
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
     
    8,559,466
    10
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     
    ☐
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    6.9%*
    12
    TYPE OF REPORTING PERSON
     
    IN/HC
    * Beneficial ownership based on 124,225,631 shares of common stock outstanding as of October 18, 2024, as reported on the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 7, 2024.




    Item 1(a)
    Name of Issuer:
       

    Fortune Brands Innovations, Inc.
       
    Item 1(b)
    Address of Issuer’s Principal Executive Offices:
       
     
    520 Lake Cook Road
     
    Deerfield, Illinois 60015
       
       
    Items 2(a)
    Name of Person Filing:
       
     
    This Schedule 13G is being filed jointly by Select Equity Group, L.P., a Delaware limited partnership (“Select LP”) and George S. Loening (“Loening”), who is the majority owner of Select LP and managing member of its general partner. Select LP and Loening are sometimes jointly referred to herein as the “Select Reporting Persons.”
       
    Item 2(b)
    Address of Principal Business Office:
     
    The business address of each of the Select Reporting Persons is:
     
    380 Lafayette Street, 6th Floor
     
    New York, New York 10003
       
    Item 2(c)
    Citizenship:
       
     
    George S. Loening is a United States citizen.
       
    Item 2(d)
    Title of Class of Securities:
       
     
    Common Stock
       
    Item 2(e)
    CUSIP Number:
       
     
    34964C106
       
       
    Item 3
    If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is:


    (a)
    ☐ Broker or dealer registered under Section 15 of the Act;
    (b)
    ☐ Bank as defined in Section 3(a)(6) of the Act;
    (c)
    ☐ Insurance company as defined in Section 3(a)(19) of the Act;
    (d)
    ☐ Investment company registered under Section 8 of the Investment Company Act of 1940;
    (e)
    ☒ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
    (f)
    ☐ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
    (g)
    ☒ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
    (h)
    ☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    (i)
    ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
    (j)
    ☐ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
    (k)
    ☐ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).


    4



    Item 4
    Ownership:
       
     
    The information required by Items 4(a)-(c), as of the date hereof, is set forth in Rows 5-11 of the cover page hereto for each Select Reporting Person and is incorporated herein by reference for each such Select Reporting Person.
       
       
    Item 5
    Ownership of Five Percent or Less of a Class:
       
     
    If this statement is being filed to report the fact that as of the date hereof a reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐ .
       
       
    Item 6
    Ownership of More than Five Percent on Behalf of Another Person:
       
     
    N/A
       
       
    Item 7
    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:
       
     
    See Exhibit 99.1
       
       
    Item 8
    Identification and Classification of Members of the Group:
       
     
    N/A
       
       
    Item 9
    Notice of Dissolution of Group:
       
     
    N/A
       
       
    Item 10
    Certification:
       
      By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.


    5



    SIGNATURES

    After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.


     
    SELECT EQUITY GROUP, L.P.
       
     
    By: Select Equity GP, LLC, its General Partner
       
     
    By: /s/ George S. Loening
     
    Name: George S. Loening
     
    Title: Managing Member
       
       
       
     
    /s/ George S. Loening
     
    George S. Loening, an individual
       
       
    Dated: Novermber 14, 2024
     


    6

    Get the next $FBIN alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $FBIN

    DatePrice TargetRatingAnalyst
    4/1/2025$70.00Hold
    Deutsche Bank
    1/31/2024$76.00 → $82.00Outperform → Market Perform
    BMO Capital Markets
    1/19/2024Perform
    Oppenheimer
    6/23/2023$73.00 → $70.00Overweight → Neutral
    JP Morgan
    4/28/2023$67.00 → $84.00Hold → Buy
    Jefferies
    3/9/2023$48.00Neutral → Underperform
    Credit Suisse
    2/2/2023$65.00Buy → Hold
    Loop Capital
    1/30/2023$61.00 → $60.00Neutral → Underperform
    BofA Securities
    More analyst ratings

    $FBIN
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Fortune Brands Innovations Inc.

      SC 13G - Fortune Brands Innovations, Inc. (0001519751) (Subject)

      11/14/24 4:23:59 PM ET
      $FBIN
      Forest Products
      Basic Materials

    $FBIN
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • EVP and CHRO Papesh Kristin bought $29,943 worth of shares (483 units at $61.99), increasing direct ownership by 7% to 7,617 units (SEC Form 4)

      4 - Fortune Brands Innovations, Inc. (0001519751) (Issuer)

      3/5/25 8:52:01 PM ET
      $FBIN
      Forest Products
      Basic Materials

    $FBIN
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Fiberon composite decking earns Green GOOD DESIGN® Award

      Demonstrative of the company's commitment to sustainable manufacturing and design, Fiberon was recently recognized with a Green GOOD DESIGN® Award for its Astir Collection of Concordia polyethylene (PE) composite decking. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250529274187/en/Demonstrative of the company's commitment to sustainable manufacturing and design, Fiberon was recently recognized with a Green GOOD DESIGN® Award for its Astir Collection of Concordia polyethylene (PE) composite decking "It's an honor being recognized with this achievement," said Kate Haws, director of brand communications. "Since our founding in 1

      5/29/25 4:43:00 PM ET
      $FBIN
      Forest Products
      Basic Materials
    • Therma-Tru Doors earns Green GOOD DESIGN® Award for its energy-efficient options for every home

      In recognition of a commitment to providing sustainable design innovation for homes across the U.S., Therma-Tru® Doors has been named a 2025 Green GOOD DESIGN® award-winner. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250529225539/en/In recognition of a commitment to providing sustainable design innovation for homes across the U.S., Therma-Tru® Doors has been named a 2025 Green GOOD DESIGN® award-winner. Presented annually by The European Centre for Architecture Art Design and Urban Studies and The Chicago Athenaeum Museum of Architecture and Design, the Green GOOD DESIGN award program, "identifies and emphasizes the world's

      5/29/25 4:38:00 PM ET
      $FBIN
      Forest Products
      Basic Materials
    • Janus International Announces Jason Williams as President, Janus International Group LLC ("Janus Core")

      Janus International Group, Inc. (NYSE:JBI) ("Janus" or the "Company"), a leading provider of access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced the appointment of Jason Williams as President of Janus International Group, LLC ("Janus Core"). He will report directly to Janus's Chief Executive Officer, Ramey Jackson. Mr. Williams will be responsible for the Janus Core strategy including oversight of sales, marketing, financial performance, and product development for the self-storage and commercial door and hallway business. Jason brings over 15 years of experience in leading and growing businesses in th

      5/19/25 6:55:00 AM ET
      $FBIN
      $JBI
      Forest Products
      Basic Materials
      Building Products
      Industrials

    $FBIN
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • EVP and CFO Baksht Jonathan was granted 22,975 shares (SEC Form 4)

      4 - Fortune Brands Innovations, Inc. (0001519751) (Issuer)

      5/19/25 4:25:07 PM ET
      $FBIN
      Forest Products
      Basic Materials
    • Director Banati Amit was granted 2,925 shares, increasing direct ownership by 37% to 10,903 units (SEC Form 4)

      4 - Fortune Brands Innovations, Inc. (0001519751) (Issuer)

      5/16/25 4:32:08 PM ET
      $FBIN
      Forest Products
      Basic Materials
    • Director Chande Amee was granted 2,925 shares, increasing direct ownership by 63% to 7,562 units (SEC Form 4)

      4 - Fortune Brands Innovations, Inc. (0001519751) (Issuer)

      5/16/25 4:31:08 PM ET
      $FBIN
      Forest Products
      Basic Materials

    $FBIN
    Leadership Updates

    Live Leadership Updates

    See more
    • Janus International Announces Jason Williams as President, Janus International Group LLC ("Janus Core")

      Janus International Group, Inc. (NYSE:JBI) ("Janus" or the "Company"), a leading provider of access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced the appointment of Jason Williams as President of Janus International Group, LLC ("Janus Core"). He will report directly to Janus's Chief Executive Officer, Ramey Jackson. Mr. Williams will be responsible for the Janus Core strategy including oversight of sales, marketing, financial performance, and product development for the self-storage and commercial door and hallway business. Jason brings over 15 years of experience in leading and growing businesses in th

      5/19/25 6:55:00 AM ET
      $FBIN
      $JBI
      Forest Products
      Basic Materials
      Building Products
      Industrials
    • Fortune Brands Appoints Kristin Papesh as Chief Human Resources Officer; Sheri Grissom to Continue Leading Company's Transformation Management Office

      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

      10/27/23 4:05:00 PM ET
      $FBIN
      Forest Products
      Basic Materials

    $FBIN
    Financials

    Live finance-specific insights

    See more
    • Fortune Brands Delivers Margin and EPS Results In-line with Expectations; Plans to Fully Offset Anticipated 2025 Tariff Impacts and Mitigate Volume Softness

      Highlights: Q1 2025 sales were $1.0 billion, a decrease of 7 percent versus Q1 2024; organic sales excluding the impact of China and FX were down 5 percent Q1 2025 earnings per share (EPS) were $0.42, a decrease of 45 percent versus a year ago; EPS before charges / gains were $0.66, a decrease of 20 percent versus Q1 2024 The Company is implementing tariff mitigation strategies designed to fully offset anticipated 2025 tariff impacts while capitalizing on identified opportunities Management will provide an EPS guidance framework for different volume scenarios on today's earnings call Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company whose purpose

      5/6/25 4:12:00 PM ET
      $FBIN
      Forest Products
      Basic Materials
    • Fortune Brands Names Jonathan Baksht Executive Vice President and Chief Financial Officer; Sets Date for First Quarter 2025 Earnings Announcement and Investor Conference Call

      Fortune Brands Innovations, Inc. (NYSE:FBIN), an industry-leading innovation company whose purpose is to elevate every life by transforming spaces into havens, today announced that Jonathan Baksht was appointed by the Board of Directors to serve as Executive Vice President and Chief Financial Officer beginning May 5, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250403782538/en/Jonathan Baksht Baksht is a proven leader with nearly a decade of public company CFO experience gained at two separate businesses. With an established track record in financial leadership and a deep understanding of market dynamics, he is well posit

      4/3/25 9:00:00 AM ET
      $FBIN
      Forest Products
      Basic Materials
    • Fortune Brands Delivers Solid Margin Progress and Strong Cash Flow Amidst a Dynamic Environment; Announces $1 Billion Share Repurchase Authorization

      Highlights: Q4 2024 sales were $1.1 billion, a decrease of 5 percent versus Q4 2023; organic sales excluding the impact of China and one-time disruptions were down 1 percent Q4 2024 earnings per share (EPS) were $0.84, an increase of 31 percent versus a year ago; EPS before charges / gains were $0.98, an increase of 3 percent versus Q4 2023 Full-year 2024 sales were $4.6 billion, flat versus 2023; organic sales excluding the impact of China and one-time disruptions were down 2 percent Full-year 2024 EPS were $3.75, an increase of 18 percent versus a year ago; EPS before charges / gains were $4.12, an increase of 5 percent versus 2023 Company announces new $1 billion share rep

      2/6/25 4:05:00 PM ET
      $FBIN
      Forest Products
      Basic Materials

    $FBIN
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Deutsche Bank initiated coverage on Fortune Brands Innovations with a new price target

      Deutsche Bank initiated coverage of Fortune Brands Innovations with a rating of Hold and set a new price target of $70.00

      4/1/25 9:05:45 AM ET
      $FBIN
      Forest Products
      Basic Materials
    • Fortune Brands Innovations downgraded by BMO Capital Markets with a new price target

      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

      1/31/24 9:13:41 AM ET
      $FBIN
      Forest Products
      Basic Materials
    • Oppenheimer initiated coverage on Fortune Brands Innovations

      Oppenheimer initiated coverage of Fortune Brands Innovations with a rating of Perform

      1/19/24 7:36:47 AM ET
      $FBIN
      Forest Products
      Basic Materials

    $FBIN
    SEC Filings

    See more
    • SEC Form SD filed by Fortune Brands Innovations Inc.

      SD - Fortune Brands Innovations, Inc. (0001519751) (Filer)

      5/30/25 9:16:56 AM ET
      $FBIN
      Forest Products
      Basic Materials
    • Fortune Brands Innovations Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

      8-K - Fortune Brands Innovations, Inc. (0001519751) (Filer)

      5/19/25 4:27:35 PM ET
      $FBIN
      Forest Products
      Basic Materials
    • Fortune Brands Innovations Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - Fortune Brands Innovations, Inc. (0001519751) (Filer)

      5/14/25 4:30:26 PM ET
      $FBIN
      Forest Products
      Basic Materials