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Winona Today
By the People, for the People
Franklin Resources Inc. Increases Stake in Fastenal Company
Investment firm raises position in industrial supply company by 1.2% in Q3
Mar. 12, 2026 at 10:34am
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Franklin Resources Inc. has increased its stake in Fastenal Company (NASDAQ:FAST) by 1.2% during the third quarter, according to a recent SEC filing. The investment firm now owns 7,387,472 shares of the company's stock, valued at $362,282,000, making it one of Fastenal's largest institutional investors.
Why it matters
Fastenal is a major industrial and construction supply company, and changes in its institutional ownership can signal broader market trends and investor sentiment around the stock. Franklin Resources' increased stake suggests confidence in Fastenal's long-term growth prospects.
The details
According to the filing, Franklin Resources acquired an additional 90,095 shares of Fastenal during the third quarter, bringing its total position to 7,387,472 shares or about 0.64% of the company's outstanding stock. Fastenal is a wholesale distributor of industrial and construction supplies, best known for its wide range of fasteners and other MRO products.
- The increased stake was reported in Franklin Resources' Q3 2026 SEC filing, dated March 12, 2026.
The players
Franklin Resources Inc.
An American investment management firm that provides a range of investment management and related services to individuals, institutions, and others worldwide.
Fastenal Company
A publicly traded wholesale distributor of industrial and construction supplies, best known for its broad assortment of fasteners such as bolts, nuts, screws and anchors.
The takeaway
Franklin Resources' increased stake in Fastenal suggests the investment firm sees long-term growth potential in the industrial supply company, which could signal broader market confidence in Fastenal's business model and market position.
