Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Allegion PLC (NYSE:ALLE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 119,340 shares of the company’s stock, valued at approximately $8,240,000.
Several other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in 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. American Century Companies Inc. boosted its stake in Allegion PLC by 31.2% in the second quarter. American Century Companies Inc. now owns 1,499,521 shares of the company’s stock worth $104,112,000 after buying an additional 356,330 shares in the last quarter. Intermede Investment Partners Ltd boosted its stake in Allegion PLC by 38.0% in the second quarter. Intermede Investment Partners Ltd now owns 437,464 shares of the company’s stock worth $30,373,000 after buying an additional 120,365 shares in the last quarter. Standard Life Investments LTD boosted its stake in Allegion PLC by 1.7% in the second quarter. Standard Life Investments LTD now owns 5,935,394 shares of the company’s stock worth $412,123,000 after buying an additional 100,022 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Allegion PLC during the second quarter worth $6,943,000. 90.35% of the stock is owned by institutional investors and hedge funds.
Allegion PLC (NYSE:ALLE) traded down 1.03% on Wednesday, hitting $67.20. The stock had a trading volume of 613,873 shares. The company has a market capitalization of $6.44 billion, a PE ratio of 32.99 and a beta of 1.04. The company has a 50 day moving average of $68.36 and a 200 day moving average of $68.36. Allegion PLC has a 12-month low of $52.95 and a 12-month high of $73.49.
Allegion PLC (NYSE:ALLE) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.09. The business 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%. Allegion PLC’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. On average, equities analysts expect that Allegion PLC will post $3.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a $0.12 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.48 dividend on an annualized basis and a yield of 0.71%. Allegion PLC’s payout ratio is 23.53%.
Several equities research analysts have recently commented on ALLE shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Allegion PLC in a research note on Monday, June 27th. Zacks Investment Research raised Allegion PLC from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Tuesday, June 28th. Credit Suisse Group AG reissued a “buy” rating on shares of Allegion PLC in a research note on Saturday, July 9th. Imperial Capital cut Allegion PLC from an “outperform” rating to an “in-line” rating and lifted their target price for the company from $71.00 to $79.00 in a research note on Tuesday, August 2nd. Finally, Berenberg Bank started coverage on Allegion PLC in a research note on Thursday, October 6th. They issued a “buy” rating and a $80.00 target price for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Allegion PLC presently has an average rating of “Buy” and a consensus price target of $75.00.
In other Allegion PLC news, insider Douglas P. Ranck sold 9,300 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $72.90, for a total transaction of $677,970.00. Following the completion of the sale, the insider now directly owns 11,544 shares in the company, valued at approximately $841,557.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Feng William Yu sold 21,535 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $72.80, for a total value of $1,567,748.00. Following the sale, the insider now owns 53,539 shares of the company’s stock, valued at $3,897,639.20. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.
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. 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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