Prudential Financial Inc. raised its stake in Allegion PLC (NYSE:ALLE) by 12.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,059 shares of the company’s stock after buying an additional 15,300 shares during the period. Prudential Financial Inc. owned approximately 0.14% of Allegion PLC worth $9,308,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Allegion PLC by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 362,222 shares of the company’s stock worth $25,146,000 after buying an additional 10,470 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Allegion PLC by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 13,407 shares of the company’s stock worth $931,000 after buying an additional 1,624 shares in the last quarter. Rafferty Asset Management LLC purchased a new stake in shares of Allegion PLC during the second quarter worth approximately $608,000. Nationwide Fund Advisors increased its stake in shares of Allegion PLC by 10.9% in the second quarter. Nationwide Fund Advisors now owns 166,213 shares of the company’s stock worth $11,540,000 after buying an additional 16,363 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware increased its stake in shares of Allegion PLC by 10.4% in the second quarter. Mckinley Capital Management LLC Delaware now owns 295,635 shares of the company’s stock worth $20,526,000 after buying an additional 27,788 shares in the last quarter. 90.34% of the stock is currently owned by hedge funds and other institutional investors.
Allegion PLC (NYSE:ALLE) traded up 0.50% during mid-day trading on Thursday, hitting $67.89. 74,642 shares of the stock traded hands. The stock has a 50-day moving average of $69.52 and a 200 day moving average of $68.14. Allegion PLC has a 1-year low of $52.95 and a 1-year high of $73.49. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 33.33 and a beta of 1.04.
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, topping the 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 net margin of 9.06% and a return on equity of 476.64%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 earnings per share. On average, equities analysts expect that Allegion PLC will post $3.39 EPS 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. This represents a $0.48 annualized dividend and a yield of 0.71%. The ex-dividend date was Tuesday, September 13th. Allegion PLC’s payout ratio is currently 23.53%.
A number of research firms recently commented on ALLE. Berenberg Bank began coverage on shares of Allegion PLC in a research report on Thursday. They issued a “buy” rating and a $80.00 target price on the stock. Zacks Investment Research cut shares of Allegion PLC from a “buy” rating to a “hold” rating in a research note on Tuesday. Imperial Capital cut shares of Allegion PLC from an “outperform” rating to an “in-line” rating and increased their price target for the stock from $71.00 to $79.00 in a research note on Tuesday, August 2nd. Credit Suisse Group AG reiterated a “buy” rating on shares of Allegion PLC in a research note on Saturday, July 9th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Allegion PLC in a research note on Monday, June 27th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $75.00.
In other Allegion PLC news, insider Feng William Yu sold 21,535 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $72.80, for a total value of $1,567,748.00. Following the completion of the sale, the insider now directly owns 53,539 shares of the company’s stock, valued at approximately $3,897,639.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas P. Ranck sold 9,300 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were 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 of the company’s stock, valued at $841,557.60. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.
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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