Capital One National Association purchased a new position in shares of Allegion PLC (NYSE:ALLE) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,631 shares of the scientific and technical instruments company’s stock, valued at approximately $213,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in Allegion PLC by 210.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,414 shares of the scientific and technical instruments company’s stock worth $107,000 after buying an additional 959 shares in the last quarter. Creative Planning increased its position in Allegion PLC by 10.9% in the first quarter. Creative Planning now owns 2,080 shares of the scientific and technical instruments company’s stock worth $157,000 after buying an additional 205 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Allegion PLC by 5.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,205 shares of the scientific and technical instruments company’s stock worth $144,000 after buying an additional 111 shares in the last quarter. First Manhattan Co. increased its position in Allegion PLC by 51.3% in the first quarter. First Manhattan Co. now owns 2,212 shares of the scientific and technical instruments company’s stock worth $152,000 after buying an additional 750 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Allegion PLC by 2.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,256 shares of the scientific and technical instruments company’s stock worth $171,000 after buying an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 90.86% of the company’s stock.
Allegion PLC (ALLE) opened at 81.40 on Friday. The firm has a 50-day moving average price of $80.73 and a 200 day moving average price of $75.68. Allegion PLC has a one year low of $61.47 and a one year high of $82.90. The firm has a market capitalization of $7.76 billion, a PE ratio of 32.97 and a beta of 1.11.
Allegion PLC (NYSE:ALLE) last released 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 the Zacks’ consensus estimate of $1.00 by $0.11. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The firm had revenue of $627 million for the quarter, compared to the consensus estimate of $613.37 million. During the same period last year, the firm earned $0.99 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts anticipate that Allegion PLC will post $3.76 EPS for the current fiscal year.
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Several research analysts have recently commented on ALLE shares. Zacks Investment Research upgraded Allegion PLC from a “sell” rating to a “hold” rating in a research note on Friday, March 31st. Robert W. Baird downgraded Allegion PLC from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $80.00 to $85.00 in a research note on Friday, April 28th. Credit Suisse Group reiterated a “buy” rating and set a $89.00 target price on shares of Allegion PLC in a research note on Friday, April 28th. Imperial Capital lifted their target price on Allegion PLC from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th. Finally, BidaskClub cut Allegion PLC from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $86.00.
In other news, insider Todd V. Graves sold 1,858 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $79.19, for a total transaction of $147,135.02. Following the transaction, the insider now directly owns 12,084 shares in the company, valued at $956,931.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.64% of the stock is currently owned by company 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. 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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