Alliancebernstein LP Has Lifted Its Stake in Allegion Pub LTD Co (ALLE) as Shares Rose

October 13, 2018 - By Marie Mckinney

Allegion plc (NYSE:ALLE) LogoInvestors sentiment decreased to 0.83 in Q2 2018. Its down 0.09, from 0.92 in 2018Q1. It dropped, as 51 investors sold ALLE shares while 112 reduced holdings. 39 funds opened positions while 96 raised stakes. 82.42 million shares or 6.66% more from 77.28 million shares in 2018Q1 were reported. Parkside National Bank & Trust & holds 14 shares. Parsons Cap Mgmt Ri, a Rhode Island-based fund reported 3,183 shares. Norinchukin Savings Bank The holds 0.01% of its portfolio in Allegion plc (NYSE:ALLE) for 10,747 shares. Ww Asset Mngmt invested 0.02% in Allegion plc (NYSE:ALLE). Schwerin Boyle Capital Mgmt reported 1.03% in Allegion plc (NYSE:ALLE). Vanguard Group Inc Inc, a Pennsylvania-based fund reported 9.80M shares. Janney Montgomery Scott Ltd Liability Corp owns 7,629 shares. Pinebridge Investments Lp, New York-based fund reported 110,707 shares. Bb&T owns 27,830 shares. Massmutual Com Fsb Adv holds 27 shares or 0% of its portfolio. Essex Inv Mgmt Communication Limited Liability Corp holds 0.04% or 3,719 shares in its portfolio. Advisors Asset Mngmt, a Colorado-based fund reported 7,952 shares. Natixis Advisors LP has 0.04% invested in Allegion plc (NYSE:ALLE). Chevy Chase Trust has invested 0.03% in Allegion plc (NYSE:ALLE). Mgmt reported 0.01% stake.

Alliancebernstein Lp increased its stake in Allegion Pub Ltd Co (ALLE) by 15.24% based on its latest 2018Q2 regulatory filing with the SEC. Alliancebernstein Lp bought 847,273 shares as the company’s stock rose 10.93% with the market. The hedge fund held 6.41 million shares of the diversified commercial services company at the end of 2018Q2, valued at $495.70 million, up from 5.56M at the end of the previous reported quarter. Alliancebernstein Lp who had been investing in Allegion Pub Ltd Co for a number of months, seems to be bullish on the $7.96 billion market cap company. The stock increased 1.22% or $1.01 during the last trading session, reaching $83.77. About 696,439 shares traded or 16.39% up from the average. Allegion plc (NYSE:ALLE) has risen 10.79% since October 13, 2017 and is uptrending. It has underperformed by 4.83% the S&P500.

Alliancebernstein Lp, which manages about $143.68 billion US Long portfolio, decreased its stake in Kbr Inc (NYSE:KBR) by 228,190 shares to 228,608 shares, valued at $4.10 million in 2018Q2, according to the filing. It also reduced its holding in Grand Canyon Ed Inc (NASDAQ:LOPE) by 246,636 shares in the quarter, leaving it with 1.52 million shares, and cut its stake in Insulet Corp (NASDAQ:PODD).

Another recent and important Allegion plc (NYSE:ALLE) news was published by Globenewswire.com which published an article titled: “Report: Exploring Fundamental Drivers Behind Cinemark, Spire, New Media Investment Group, Acadia Realty Trust …” on October 05, 2018.

Allegion plc (NYSE:ALLE) Ratings Coverage

Among 4 analysts covering Allegion (NYSE:ALLE), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Allegion had 4 analyst reports since May 2, 2018 according to SRatingsIntel. The company was downgraded on Wednesday, May 2 by Berenberg. Wells Fargo maintained Allegion plc (NYSE:ALLE) on Tuesday, July 17 with “Outperform” rating.

Allegion plc (NYSE:ALLE) Ratings Chart

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