Eagle Global Advisors LLC increased its position in shares of Allegion PLC (NYSE:ALLE) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,011 shares of the scientific and technical instruments company’s stock after buying an additional 45 shares during the period. Eagle Global Advisors LLC owned 0.08% of Allegion PLC worth $5,923,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. 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 valued at $152,000 after buying an additional 750 shares during the period. Hartford Investment Management Co. increased its position in Allegion PLC by 7.0% in the first quarter. Hartford Investment Management Co. now owns 23,603 shares of the scientific and technical instruments company’s stock valued at $1,787,000 after buying an additional 1,552 shares during the period. Quantitative Systematic Strategies LLC increased its position in Allegion PLC by 7.4% in the first quarter. Quantitative Systematic Strategies LLC now owns 7,101 shares of the scientific and technical instruments company’s stock worth $538,000 after buying an additional 488 shares during the period. Bank of Montreal Can increased its position in Allegion PLC by 2.5% in the first quarter. Bank of Montreal Can now owns 23,032 shares of the scientific and technical instruments company’s stock worth $1,743,000 after buying an additional 571 shares during the period. Finally, 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 during the period. 92.88% of the stock is currently owned by institutional investors and hedge funds.
Allegion PLC (NYSE:ALLE) traded up 0.46% during midday trading on Friday, hitting $79.28. The stock had a trading volume of 354,138 shares. The stock has a market cap of $7.53 billion, a P/E ratio of 30.67 and a beta of 1.10. Allegion PLC has a 12-month low of $61.47 and a 12-month high of $82.90. The company’s 50-day moving average price is $80.84 and its 200 day moving average price is $76.68.
Allegion PLC (NYSE:ALLE) last announced its quarterly earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. Allegion PLC had a return on equity of 198.25% and a net margin of 10.76%. The company had revenue of $627 million during the quarter, compared to analysts’ expectations of $613.37 million. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts predict that Allegion PLC will post $3.78 earnings per share for the current fiscal year.
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A number of research firms have recently commented on ALLE. BidaskClub downgraded Allegion PLC from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Wolfe Research began coverage on Allegion PLC in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded Allegion PLC from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Friday, June 30th. Finally, Imperial Capital raised their price objective on Allegion PLC from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $86.00.
In related news, insider Timothy P. Eckersley sold 12,782 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $81.14, for a total transaction of $1,037,131.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Todd V. Graves sold 1,858 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $79.19, for a total value of $147,135.02. Following the transaction, the insider now owns 12,084 shares in the company, valued at $956,931.96. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by 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. 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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