Berkshire Hathaway sold 16 stocks in Q1, fully exiting 12 after Greg Abel became CEO following Warren Buffett’s retirement, according to its latest 13F filing. The company completely sold Visa ($2.91B), Mastercard ($2.28B), UnitedHealth ($1.66B), Domino’s ($1.40B), and others including Amazon ($525M). It also exited Charter, Diageo, and Allegion, and trimmed Chevron, Constellation, Nucor, and Bank of America.
Northwestern Mutual Wealth Management Co. significantly increased its stake in Allegion PLC ($ALLE) by 793.3% in the fourth quarter, now holding 45,002 shares valued at approximately $7.17 million. Other institutional investors also boosted their positions, bringing total institutional ownership to 92.21%, while insider ownership remains low. Analysts, despite some positive earnings estimate revisions, maintain a "Hold" consensus with an average price target of $161.50, and the stock is currently trading below its key moving averages.
Allegion stock (IE00BFRT3W74) has fallen to a new 52-week low of around $125, down from a high of $183 last year. The article analyzes the security specialist's business model, highlighting its focus on mechanical and electronic security solutions for residential and commercial buildings, its North American market strength, and its exposure to smart building trends. Investors are questioning the company's future growth and how management will balance investments, growth opportunities, and shareholder returns amid the stock's recent decline.
