Franklin Resources Sells Nearly 10 Million Shares of CNH Industrial

Institutional investor reduces stake in agricultural and construction equipment maker

Mar. 12, 2026 at 10:34am

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Franklin Resources Inc., a major institutional investor, has lowered its position in CNH Industrial N.V. (NYSE:CNH) by selling 9,758,023 shares in the third quarter. The firm now owns approximately 39.9 million shares, or 3.19% of the company's stock, down from a previous stake of 19.7%.

Why it matters

This sale by a prominent institutional investor could signal a shift in sentiment around CNH Industrial, which makes agricultural and construction equipment. The stock has seen some volatility in recent quarters as the company navigates industry challenges, and this reduction in a major shareholder's position may raise questions about the company's near-term outlook.

The details

According to a recent 13F filing with the SEC, Franklin Resources sold the 9.8 million CNH Industrial shares in the third quarter. The firm cited portfolio rebalancing as the reason for the sale. CNH Industrial's stock price has fluctuated between $9 and $14.27 over the past 52 weeks, and the company has faced some headwinds including supply chain disruptions and softening demand in certain markets.

  • Franklin Resources sold the 9.8 million CNH Industrial shares in the third quarter of 2026.

The players

Franklin Resources Inc.

A global investment management organization that provides a range of investment management and related services to institutional and individual investors around the world.

CNH Industrial N.V.

A global capital goods company that designs, produces, and sells agricultural and construction equipment, commercial vehicles, and powertrain solutions.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

This sale by a major institutional investor like Franklin Resources could signal broader concerns about CNH Industrial's near-term prospects, even as the company continues to navigate industry challenges. Investors will be watching closely to see if other large shareholders follow suit or if Franklin's move is an isolated event.