Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in shares of Allegion PLC (NYSE:ALLE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 31,013 shares of the scientific and technical instruments company’s stock, valued at approximately $2,516,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of Allegion PLC by 210.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,414 shares of the scientific and technical instruments company’s stock worth $107,000 after purchasing an additional 959 shares during the last quarter. First Manhattan Co. raised its position in shares of Allegion PLC by 51.3% during the 1st quarter. First Manhattan Co. now owns 2,212 shares of the scientific and technical instruments company’s stock worth $152,000 after purchasing an additional 750 shares during the last quarter. Creative Planning raised its position in shares of Allegion PLC by 10.9% during the 1st quarter. Creative Planning now owns 2,080 shares of the scientific and technical instruments company’s stock worth $157,000 after purchasing an additional 205 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Allegion PLC by 2.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,256 shares of the scientific and technical instruments company’s stock worth $171,000 after purchasing an additional 59 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Allegion PLC during the 1st quarter worth approximately $174,000. 89.86% of the stock is currently owned by institutional investors.
In other news, insider Timothy P. Eckersley sold 12,782 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $81.14, for a total transaction of $1,037,131.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.64% of the company’s stock.
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Shares of Allegion PLC (NYSE:ALLE) traded up 0.38% during midday trading on Friday, hitting $82.77. 978,928 shares of the company’s stock traded hands. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 32.02 and a beta of 1.10. Allegion PLC has a 1-year low of $61.47 and a 1-year high of $82.97. The company has a 50 day moving average price of $79.81 and a 200 day moving average price of $78.34.
Allegion PLC (NYSE:ALLE) last issued its quarterly earnings data on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.11. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The business had revenue of $627.00 million during the quarter, compared to analyst estimates of $613.37 million. During the same quarter last year, the business earned $0.99 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Equities analysts anticipate that Allegion PLC will post $3.78 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, September 15th. Allegion PLC’s dividend payout ratio (DPR) is 24.62%.
A number of brokerages recently weighed in on ALLE. Zacks Investment Research cut shares of Allegion PLC from a “buy” rating to a “hold” rating in a research report on Monday, June 12th. Wolfe Research assumed coverage on shares of Allegion PLC in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. BidaskClub raised shares of Allegion PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Robert W. Baird set a $85.00 price objective on shares of Allegion PLC and gave the company a “hold” rating in a research report on Thursday, August 24th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $86.00.
Allegion PLC Company Profile
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.
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