Oakbrook Investments LLC grew its position in Allegion PLC (NYSE:ALLE) by 26.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,754 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,000 shares during the quarter. Oakbrook Investments LLC’s holdings in Allegion PLC were worth $411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of ALLE. Principal Financial Group Inc. lifted its holdings in shares of Allegion PLC by 2.4% in the first quarter. Principal Financial Group Inc. now owns 154,387 shares of the scientific and technical instruments company’s stock worth $11,687,000 after buying an additional 3,613 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Allegion PLC by 2.8% in the first quarter. Teachers Advisors LLC now owns 258,365 shares of the scientific and technical instruments company’s stock worth $19,558,000 after buying an additional 6,933 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Allegion PLC by 6.1% in the first quarter. Thrivent Financial For Lutherans now owns 3,501 shares of the scientific and technical instruments company’s stock worth $265,000 after buying an additional 200 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in shares of Allegion PLC in the first quarter worth $371,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Allegion PLC by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 393,306 shares of the scientific and technical instruments company’s stock worth $29,773,000 after buying an additional 4,372 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.
ALLE has been the topic of several research analyst reports. BidaskClub downgraded shares of Allegion PLC from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Wells Fargo & Company reissued an “outperform” rating and issued a $100.00 target price (up previously from $90.00) on shares of Allegion PLC in a report on Wednesday, October 18th. Robert W. Baird reissued a “hold” rating on shares of Allegion PLC in a report on Tuesday, September 26th. Finally, Wolfe Research initiated coverage on shares of Allegion PLC in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Allegion PLC presently has an average rating of “Buy” and an average price target of $89.75.
In related news, insider Timothy P. Eckersley sold 12,782 shares of Allegion PLC stock in a transaction on Friday, August 4th. The shares were sold at an average price of $81.14, for a total value of $1,037,131.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.64% of the stock is currently owned by company insiders.
Allegion PLC (NYSE:ALLE) opened at 80.29 on Friday. The stock has a market cap of $7.63 billion, a P/E ratio of 31.06 and a beta of 1.13. Allegion PLC has a 12-month low of $62.92 and a 12-month high of $89.81. The stock has a 50 day moving average of $85.36 and a 200 day moving average of $80.82.
Allegion PLC (NYSE:ALLE) last released its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. Allegion PLC had a net margin of 14.37% and a return on equity of 154.50%. The firm had revenue of $609.40 million for the quarter, compared to analysts’ expectations of $622.18 million. During the same quarter last year, the company earned $0.93 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that Allegion PLC will post $3.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 18th were paid a $0.16 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.64 dividend on an annualized basis and a yield of 0.80%. Allegion PLC’s dividend payout ratio is currently 18.18%.
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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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