Mason Street Advisors LLC acquired a new position in shares of Allegion PLC (NYSE:ALLE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,895 shares of the company’s stock, valued at approximately $895,000.
Several other institutional investors have also made changes to their positions in ALLE. JPMorgan Chase & Co. boosted its position in shares of Allegion PLC by 68.1% in the second quarter. JPMorgan Chase & Co. now owns 7,027,675 shares of the company’s stock worth $487,931,000 after buying an additional 2,846,597 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of Allegion PLC by 209.5% in the second quarter. Janus Capital Management LLC now owns 2,623,296 shares of the company’s stock worth $182,136,000 after buying an additional 1,775,722 shares in the last quarter. Norges Bank acquired a new position in shares of Allegion PLC during the fourth quarter worth about $56,103,000. Jennison Associates LLC acquired a new position in shares of Allegion PLC during the second quarter worth about $54,097,000. Finally, Renaissance Technologies LLC boosted its position in shares of Allegion PLC by 228.8% in the first quarter. Renaissance Technologies LLC now owns 731,000 shares of the company’s stock worth $46,572,000 after buying an additional 508,670 shares in the last quarter. Institutional investors own 90.34% of the company’s stock.
Shares of Allegion PLC (NYSE:ALLE) opened at 69.41 on Thursday. Allegion PLC has a one year low of $52.95 and a one year high of $73.49. The firm’s 50-day moving average is $70.10 and its 200-day moving average is $68.00. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 34.07 and a beta of 1.03.
Allegion PLC (NYSE:ALLE) last issued its earnings results on Thursday, July 28th. The company reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.09. The firm earned $584.90 million during the quarter, compared to the consensus estimate of $574.13 million. Allegion PLC had a return on equity of 476.64% and a net margin of 9.06%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Analysts expect that Allegion PLC will post $3.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.69%. The ex-dividend date is Tuesday, September 13th. Allegion PLC’s payout ratio is 23.53%.
ALLE has been the subject of a number of recent research reports. Imperial Capital restated an “outperform” rating and issued a $71.00 price objective on shares of Allegion PLC in a research note on Wednesday, June 8th. Sanford C. Bernstein restated an “outperform” rating on shares of Allegion PLC in a research note on Monday, June 27th. Zacks Investment Research upgraded shares of Allegion PLC from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Monday, July 18th. Goldman Sachs Group Inc. initiated coverage on shares of Allegion PLC in a report on Friday, June 10th. They issued a “buy” rating and a $78.00 target price on the stock. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Allegion PLC in a report on Saturday, July 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Allegion PLC currently has a consensus rating of “Buy” and a consensus price target of $74.29.
In other Allegion PLC news, insider Feng William Yu sold 21,535 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $72.80, for a total transaction of $1,567,748.00. Following the completion of the transaction, the insider now owns 53,539 shares of the company’s stock, valued at $3,897,639.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Douglas P. Ranck sold 9,300 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $72.90, for a total value of $677,970.00. Following the transaction, the insider now directly owns 11,544 shares of the company’s stock, valued at approximately $841,557.60. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
About Allegion PLC
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. It operates through three segments: Americas; Europe, the Middle East, India and Africa (EMEIA), and Asia Pacific. The Company’s products include door closers and controls, electronic security products, exit devices, time, attendance and workforce productivity systems, door and door frames (steel), electronic and biometric access control systems, locks, locksets and key systems, and other accessories.
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