Wealth Enhancement Advisory Services LLC raised its position in Allegion PLC (NYSE:ALLE) by 10.9% during the second quarter, Holdings Channel reports. The institutional investor owned 20,872 shares of the company’s stock after buying an additional 2,056 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Allegion PLC were worth $1,449,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Standard Life Investments LTD raised its position in shares of Allegion PLC by 1.7% in the second quarter. Standard Life Investments LTD now owns 5,935,394 shares of the company’s stock valued at $412,123,000 after buying an additional 100,022 shares during the period. Renaissance Technologies LLC raised 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 valued at $46,572,000 after buying an additional 508,670 shares during the period. Geode Capital Management LLC raised its position in shares of Allegion PLC by 3.5% in the first quarter. Geode Capital Management LLC now owns 767,644 shares of the company’s stock valued at $48,826,000 after buying an additional 25,690 shares during the period. Intermede Investment Partners Ltd raised its position in shares of Allegion PLC by 38.0% in the second quarter. Intermede Investment Partners Ltd now owns 437,464 shares of the company’s stock valued at $30,373,000 after buying an additional 120,365 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Allegion PLC by 1.6% in the first quarter. Prudential Financial Inc. now owns 118,759 shares of the company’s stock valued at $7,567,000 after buying an additional 1,900 shares during the period. 90.35% of the stock is currently owned by institutional investors.
Shares of Allegion PLC (NYSE:ALLE) traded up 0.93% during midday trading on Monday, hitting $68.32. The company’s stock had a trading volume of 419,004 shares. The company has a 50-day moving average price of $68.57 and a 200 day moving average price of $68.25. The company has a market cap of $6.55 billion, a P/E ratio of 33.54 and a beta of 1.04. Allegion PLC has a 1-year low of $52.95 and a 1-year high of $73.49.
Allegion PLC (NYSE:ALLE) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.09. Allegion PLC had a return on equity of 476.64% and a net margin of 9.06%. The company had revenue of $584.90 million for the quarter, compared to analyst estimates of $574.13 million. During the same quarter last year, the company posted $0.71 EPS. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities research analysts predict that Allegion PLC will post $3.39 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.71%. Allegion PLC’s payout ratio is 23.53%.
Several brokerages have recently issued reports on ALLE. Imperial Capital lowered Allegion PLC from an “outperform” rating to an “in-line” rating and upped their price target for the company from $71.00 to $79.00 in a research note on Tuesday, August 2nd. Zacks Investment Research lowered Allegion PLC from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Allegion PLC in a research note on Saturday, July 9th. Berenberg Bank initiated coverage on Allegion PLC in a report on Thursday, October 6th. They issued a “buy” rating and a $80.00 price objective for the company. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Allegion PLC in a report on Monday, June 27th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $75.00.
In other news, insider Feng William Yu sold 21,535 shares of Allegion PLC stock in a transaction on 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 transaction, the insider now owns 53,539 shares in the company, valued at approximately $3,897,639.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Douglas P. Ranck sold 9,300 shares of Allegion PLC stock in a transaction on Friday, July 29th. The shares were sold at an average price of $72.90, for a total value of $677,970.00. Following the completion of the transaction, the insider now owns 11,544 shares in the company, valued at approximately $841,557.60. The disclosure for this sale can be found here. 0.40% of the stock is owned by 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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