Advisors Capital Management Discloses New Position in Allegion plc
According to a recent Form 13F filing submitted to the SEC, Advisors Capital Management disclosed a noteworthy new position in Allegion plc (NYSE: ALLE) stock. Here’s what you need to know about Allegion plc, as well as Advisors Capital Management’s position in shares of ALLE stock:
Advisors Capital Management
Ridgewood, New Jersey-based Advisors Capital Management, LLC offers custom-tailored investment portfolios and management solutions to keep investors on top of their money. Advisors Capital Management has over $5 billion in discretionary assets under management. You can learn more about Advisors Capital Management on their website here.
Advisors Capital Management’s New Position in ALLE Stock
According to the most recent 13F filing from Advisors Capital Management, the institutional investment manager added a meaningful position in Allegion plc (NYSE: ALLE), with 12,755 shares, which represents approximately 0.0145% of the 87,844,796 total ALLE shares outstanding. Based on ALLE’s last closing price of $112.64 per share, Advisors Capital Management’s stake in ALLE is worth approximately $1,436,723.20, assuming no change in the position size. If you’re not very familiar with Allegion plc, learn more below.
Allegion plc (NYSE: ALLE)
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories. The company sells its products and solutions to end-users in commercial, institutional, and residential facilities, including education, healthcare, government, hospitality, commercial office, and single and multi-family residential markets under the CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin brands. It sells its products and solutions through distribution and retail channels, such as specialty distribution, e-commerce, and wholesalers, as well as through various retail channels comprising do-it-yourself home improvement centers, on-line and e-commerce platforms, and small specialty showroom outlets. Allegion plc was incorporated in 2013 and is headquartered in Dublin, Ireland.
Summary
Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Advisors Capital Management. Also be sure to check out more recent 13F filing analysis news here.
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