Wells Fargo & Company Reduces $5M in Allegion plc ($ALLE)
Key Points
- Wells Fargo & Company changed its Allegion plc ($ALLE) stake by 5.2% last quarter, cutting to 676,785 shares worth $90.49 million.
- Wall Street's consensus rating on $ALLE is Buy and an average price target of $164.08.
- $ALLE last traded around $133.71.
Wells Fargo & Company trimmed its position in Allegion plc ($ALLE) by 5.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 676,785 shares of Allegion plc after selling 37,176 shares during the quarter. Wells Fargo & Company's holdings in Allegion plc were worth $90.49 million as of its most recent filing.
Allegion plc ($ALLE) Stock
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About Allegion plc
Allegion plc engages in the provision of security products and solutions worldwide. It is operating through two segments: Allegion Americas and Allegion International. The company offers door controls, door control system, and exit devices; doors, glass and door systems, and accessories; electronic security products and access control systems, including time, attendance, and workforce productivity; and locks, locksets, portable locks, and key systems. It also provides services and software, such as inspection, maintenance, and repair services for its automatic entrance solutions; software as a service, including access control, platform integration, and workforce management solutions; and ongoing aftermarket services, and design and installation offerings. In addition, the company sells its products and solutions to end-users in commercial, institutional, and residential facilities, including education, healthcare, government, hospitality, retail, 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, online and e-commerce platforms, and small specialty showroom outlets. Allegion plc was incorporated in 2013 and is based in Dublin, Ireland.
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