Generation Investment Management 13F: Exits FBIN Stake

Generation Investment Management has completely exited its position in Fortune Brands Innovations, Inc. (NYSE: FBIN), according to the latest SEC filing. The fund sold all of its 1,612,301 shares, representing a 100% reduction in its stake as of the reporting period.

What Changed in Generation Investment Management's Fortune Brands Innovations Position

Generation Investment Management's decision to sell its entire stake in Fortune Brands Innovations saw a reduction of 1,612,301 shares. This move left the fund with zero shares, marking a complete exit from its previous position.

Other Institutional Activity in Fortune Brands Innovations

Other large investors have also been active in Fortune Brands Innovations. BlackRock, Inc. increased its holdings by 1,333,766 shares, ending with 19,331,082 shares valued at about $753.3 million. Pictet Asset Management Holding SA significantly boosted its position by 3,317,232 shares, bringing its total to 7,798,078 shares worth approximately $303.8 million. Harris Associates L.P. trimmed its stake by 262,005 shares, leaving it with 7,379,014 shares valued at $287.6 million. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both initiated positions, each acquiring over 5 million shares.

Fortune Brands Innovations, Inc. Stock Up 39.3%

Shares of Fortune Brands Innovations, Inc. (NYSE: FBIN) are trading around $43.22. The company has a market capitalization of approximately $5.16 billion and a P/E ratio of 19.21, with a forward P/E of 11.82. The stock's 52-week range is between $32.34 and $64.84. It has a 50-day moving average of $39.02 and a 200-day moving average of $48.73. The company's beta is 1.451, indicating higher volatility in comparison to the market.

Recent Earnings

Fortune Brands Innovations reported revenue of about $4.44 billion, with a slight decline in revenue growth at -2.1%. The company posted a net margin of 6.12% and a return on equity of 11.65%. The next earnings report is expected on July 30, 2026.

Dividend

The company offers an annual dividend rate of $1.04, providing a yield of 2.41%. The dividend payout ratio stands at 44.89%, suggesting a balanced approach to returning earnings to shareholders.

Insider Buying and Selling at Fortune Brands Innovations, Inc.

Insider Edward Garden has been active, with several purchases in 2026. On June 10, he bought 320,067 shares at an average price of $40.60. Earlier, on May 20, he acquired 57,400 shares at $34.89 and 5,900 shares at $33.28. On May 19, Garden purchased 403,000 shares at $33.40 and sold 373,741 shares on the same day.

Analysts Set New Price Targets

On May 15, 2026, JP Morgan maintained a 'hold' rating on the stock, setting a price target of $39. Barclays also maintained a 'hold' rating with a $41 target on May 11, while UBS and RBC Capital both gave 'buy' ratings with targets of $63 and $50, respectively, on May 8. The consensus target price is approximately $46.64, based on 14 analyst opinions.

About Fortune Brands Innovations

Fortune Brands Innovations, Inc., headquartered in Deerfield, Illinois, is a leading provider of home, security, and digital products. The company operates through three main segments: Water, Outdoors, and Security. It markets a range of products including faucets, entry door systems, and security devices under well-known brands like Moen, Therma-Tru, and Master Lock. With about 10,000 employees, the company serves both domestic and international markets.

Bottom Line

Generation Investment Management's exit from Fortune Brands Innovations highlights shifting priorities or strategies within the fund. While this filing reflects past positions as of the reporting period, it provides a snapshot of the fund's investment decisions. Investors often watch such moves for insights, though they should remember these filings are backward-looking and may not indicate current holdings.