Trian Discloses Allegion Stake, Spin Off From Ingersoll-Rand

Nelson Peltz's activist investment firm Trian Fund has disclosed a new stake in Allegion (ALLE) via a 13G filed with the SEC.  Per the filing, Trian now owns 5.9% of the company with over 5.7 million shares.

Allegion is a spinoff of securities businesses from Ingersoll-Rand (IR) and shares started trading at the beginning of December.  Shareholders of IR stock received 1 ALLE share per every 3 IR shares owned.

As of November, Trian owned also over 18.7 million shares of IR.

For more on this investor, head to Nelson Peltz's presentation at Invest For Kids Chicago.