Franklin Templeton Reports 5% Albemarle Stake, With 2.7 Million Shares Tied To Convertible Debt
The asset manager's passive position covers 6,051,982 shares, and 2,674,100 of them would come from converting debt securities.
Franklin Templeton now reports owning 6,051,982 shares of Albemarle, or 5% of the class, in a passive ownership disclosure filed Wednesday. Of those, 2,674,100 are shares it could receive by converting debt securities, not stock it holds today.
Where the 5% sits
The filing, a Schedule 13G, lists a September 30 event date and computes the stake under the SEC's Rule 13d-3 method, which counts shares issuable on conversion. Franklin Templeton, based in San Mateo, California, is the reporting person; Charles B. Johnson and Rupert H. Johnson, Jr. are also named, each with zero shares.
Franklin Advisers holds 4,007,784 of the shares and Templeton Global Advisors Limited holds 1,541,951, making the two affiliates the bulk of the position. Templeton Asset Management Ltd. is listed with 258,798 shares.
Franklin Templeton reports sole voting power over 5,778,234 shares and shared voting power over 14,543. It certifies the shares are held in the ordinary course of business and not to change or influence control of Albemarle. Clients of its investment subsidiaries keep the right to receive dividends and sale proceeds.
A lithium and bromine producer
Albemarle, based in Charlotte, makes lithium compounds, bromine-based specialty chemicals and refinery catalysts. As of December 31, 2025, it served about 1,900 customers in about 70 countries.
The stock traded at $96.81 in Wednesday trading, down about 2% from the prior close of $98.96, for a market value of $11.7 billion. Morningstar's weekly screen last week moved it to 5 stars from 4, with a fair value estimate of $200 and a Very High uncertainty rating. The board separately declared a quarterly dividend on Monday.
Earnings on November 4
Albemarle reports third-quarter results on November 4. Management has flagged pressure from lower lithium prices and softer volumes, according to a commentary by Sasha Jovanovic.
Albemarle's third-quarter report on November 4 will show how lower lithium prices have hit sales and earnings.
Sources
- SCHEDULE 13G — Franklin Templeton, Inc. re: ALBEMARLE CORPORATION (ALB) — SEC EDGAR
- Investors Heavily Search Albemarle Corporation (ALB): Here is What You Need to Know — Yahoo Finance
- Albemarle Announces Quarterly Common Stock Dividend – Company Announcement - FT.com — Financial Times
- Analyst Observations | Nasdaq Dorsey Wright — dorseywright.nasdaq.com
- 3 New 5-Star Stocks This Week | Morningstar — morningstar.com
- Should Q3 Earnings Report Require Action From Albemarle (ALB) Investors? — Yahoo Finance
