Alliancebernstein LP Lifted Allegion Pub LTD Co (ALLE) Position by $65.24 Million

October 13, 2018 - By Louis Casey

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. Geode Cap Limited Liability Company accumulated 1.14 million shares or 0.03% of the stock. Diligent Investors Ltd Liability has invested 0.24% of its portfolio in Allegion plc (NYSE:ALLE). Brown Advisory Ltd Llc reported 0.06% of its portfolio in Allegion plc (NYSE:ALLE). Tradewinds Capital Ltd holds 629 shares or 0.02% of its portfolio. Caisse De Depot Et Placement Du Quebec stated it has 8,900 shares or 0% of all its holdings. Parkside Retail Bank & stated it has 14 shares. Toronto Dominion Comml Bank invested in 0.01% or 61,066 shares. Williams Jones & Associates Limited Liability Corp owns 900,136 shares or 1.53% of their US portfolio. Baystate Wealth holds 0% of its portfolio in Allegion plc (NYSE:ALLE) for 3 shares. Aperio Group Limited Company invested in 34,900 shares or 0.01% of the stock. 430,780 are held by Morgan Stanley. Csat Inv Advisory Lp owns 0.01% invested in Allegion plc (NYSE:ALLE) for 276 shares. Norinchukin Savings Bank The has 0.01% invested in Allegion plc (NYSE:ALLE) for 10,747 shares. Vanguard Gru Inc Inc owns 9.80M shares for 0.03% of their portfolio. Invesco Limited accumulated 0.02% or 800,017 shares.

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 6.41M 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 $7.96B 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 $143.68B US Long portfolio, decreased its stake in Cerner Corp (NASDAQ:CERN) by 5.05M shares to 557,021 shares, valued at $33.30M in 2018Q2, according to the filing. It also reduced its holding in Cdw Corp (NASDAQ:CDW) by 1.35 million shares in the quarter, leaving it with 2.10M shares, and cut its stake in Alexion Pharmaceuticals Inc (NASDAQ:ALXN).

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 firm has “Outperform” rating given on Tuesday, July 17 by Wells Fargo. The rating was downgraded by Berenberg to “Hold” on Wednesday, May 2.

Allegion plc (NYSE:ALLE) Ratings Chart

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