Franklin Resources Adjusts Stake in Allegion as Investor Interest Grows

2 min read | December 23, 2024 08:11 AM PST | By Team Kalkine Media

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Franklin Resources Adjusts Stake in Allegion as Investor Interest Grows — Image source: Shutterstock

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Franklin Resources Sells Allegion Shares

Other Investors Adjust Positions in Allegion

Hedge Funds Hold Significant Stake in Allegion

Franklin Resources Inc. has reduced its stake in Allegion plc (NYSE:ALLE), trimming its holdings by nearly 20%. The fund now owns just under 50,000 shares in the scientific and technical instruments company, following the sale of over 12,000 shares. At the end of the latest reporting period, Franklin's remaining shares were valued at approximately $7.4 million.

In addition to Franklin's sale, several other investors have made adjustments to their Allegion positions. McClarren Financial Advisors Inc. significantly increased its stake by more than 60%, now owning 190 shares of the company. Brooklyn Investment Group has also entered the picture, acquiring a new position valued at around $28,000. Meanwhile, Crewe Advisors LLC grew its stake by over 160%, while Concord Wealth Partners and Cromwell Holdings LLC also took steps to boost their holdings in the third quarter.

Overall, the majority of Allegion's shares are held by institutional investors, who collectively own more than 90% of the company's stock. This heavy institutional presence reflects the ongoing interest in Allegion within the investment community.

With institutional ownership and recent movements in investor positions, Allegion continues to attract attention from a range of financial entities.

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