Franklin Resources Reduces Deere & Company Holdings

Asset management firm cuts stake in industrial equipment maker by 7.9% in Q3

Mar. 13, 2026 at 8:20am

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Franklin Resources Inc. has decreased its holdings in Deere & Company (NYSE:DE) by 7.9% during the third quarter, according to a recent disclosure with the Securities and Exchange Commission (SEC). The fund now owns 468,183 shares of the industrial products company's stock, down from 508,379 shares held previously.

Why it matters

Deere & Company is a major manufacturer of agricultural, construction, and forestry equipment, and its stock performance is closely watched as an indicator of economic and industry trends. Franklin Resources' decision to reduce its stake in Deere suggests the asset management firm may have a more cautious outlook on the company or the broader industrial sector.

The details

According to the SEC filing, Franklin Resources sold 40,196 shares of Deere & Company during the third quarter. The firm now owns approximately 0.17% of the company's outstanding shares, valued at $214,081,000 as of the end of the quarter.

  • The share sale occurred during the third quarter of 2026.

The players

Franklin Resources Inc.

A global investment management organization that provides a range of investment products and services to institutional and individual investors worldwide.

Deere & Company

A global manufacturer of agricultural, construction, and forestry machinery, as well as turf care equipment and power systems, headquartered in Moline, Illinois.

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The takeaway

Franklin Resources' decision to reduce its stake in Deere & Company suggests the asset manager may have a more cautious outlook on the industrial equipment maker or the broader sector. This move could signal potential concerns about the company's future performance or the economic conditions that may impact its business.