Municipal Employees Retirement System of Michigan Continues to Hold Stake in Allegion PLC (NYSE:ALLE)

Municipal Employees Retirement System of Michigan maintained its position in Allegion PLC (NYSE:ALLE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,260 shares of the scientific and technical instruments company’s stock at the end of the second quarter. Municipal Employees Retirement System of Michigan’s holdings in Allegion PLC were worth $1,237,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ALLE. World Asset Management Inc boosted its position in Allegion PLC by 20.7% in the first quarter. World Asset Management Inc now owns 10,291 shares of the scientific and technical instruments company’s stock valued at $779,000 after buying an additional 1,768 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Allegion PLC by 5,286.4% in the first quarter. BlackRock Inc. now owns 5,209,003 shares of the scientific and technical instruments company’s stock worth $394,319,000 after buying an additional 5,112,297 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Allegion PLC by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 83,393 shares of the scientific and technical instruments company’s stock worth $6,313,000 after buying an additional 2,170 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new stake in shares of Allegion PLC during the second quarter worth about $1,193,000. Finally, Jennison Associates LLC boosted its stake in shares of Allegion PLC by 16.2% in the first quarter. Jennison Associates LLC now owns 1,276,621 shares of the scientific and technical instruments company’s stock worth $96,640,000 after buying an additional 177,545 shares in the last quarter. Institutional investors and hedge funds own 93.60% of the company’s stock.

Allegion PLC (NYSE:ALLE) traded down 0.84% during midday trading on Friday, reaching $78.17. 327,935 shares of the company’s stock were exchanged. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 30.24 and a beta of 1.10. The firm has a 50-day moving average price of $80.56 and a 200 day moving average price of $77.14. Allegion PLC has a 52 week low of $61.47 and a 52 week high of $82.90.

Allegion PLC (NYSE:ALLE) last posted 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. The firm had revenue of $627 million during the quarter, compared to the consensus estimate of $613.37 million. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 EPS. Analysts anticipate that Allegion PLC will post $3.78 EPS for the current year.

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A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of Allegion PLC from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Wolfe Research assumed coverage on shares of Allegion PLC in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded shares of Allegion PLC from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Friday, June 30th. Finally, Imperial Capital upped their price objective on shares of Allegion PLC from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Allegion PLC has a consensus rating of “Buy” and a consensus price target of $86.00.

In other news, insider Todd V. Graves sold 1,858 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $79.19, for a total value of $147,135.02. Following the completion of the transaction, the insider now directly owns 12,084 shares in the company, valued at approximately $956,931.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Timothy P. Eckersley sold 12,782 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $81.14, for a total transaction of $1,037,131.48. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

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.

Institutional Ownership by Quarter for Allegion PLC (NYSE:ALLE)

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