Dimensional Fund Advisors LP Grows Position in Allegion PLC (ALLE)

Dimensional Fund Advisors LP increased its stake in Allegion PLC (NYSE:ALLE) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 406,117 shares of the scientific and technical instruments company’s stock after buying an additional 12,811 shares during the period. Dimensional Fund Advisors LP owned 0.43% of Allegion PLC worth $32,942,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky raised its stake in Allegion PLC by 1,601.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 196,233 shares of the scientific and technical instruments company’s stock worth $15,919,000 after buying an additional 184,700 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Allegion PLC by 13.4% in the second quarter. Parametric Portfolio Associates LLC now owns 183,383 shares of the scientific and technical instruments company’s stock worth $14,876,000 after buying an additional 21,699 shares in the last quarter. Cibc World Markets Corp raised its stake in Allegion PLC by 35.2% in the second quarter. Cibc World Markets Corp now owns 13,454 shares of the scientific and technical instruments company’s stock worth $1,091,000 after buying an additional 3,503 shares in the last quarter. Suntrust Banks Inc. raised its stake in Allegion PLC by 5.5% in the second quarter. Suntrust Banks Inc. now owns 2,923 shares of the scientific and technical instruments company’s stock worth $236,000 after buying an additional 153 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Allegion PLC by 4.8% in the second quarter. California Public Employees Retirement System now owns 208,000 shares of the scientific and technical instruments company’s stock worth $16,873,000 after buying an additional 9,500 shares in the last quarter. 90.06% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This report was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://www.com-unik.info/2017/10/31/dimensional-fund-advisors-lp-grows-position-in-allegion-plc-alle.html.

In other Allegion PLC news, insider Timothy P. Eckersley sold 12,782 shares of the business’s stock in a transaction dated 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 Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is owned by insiders.

A number of research firms recently issued reports on ALLE. Wolfe Research raised shares of Allegion PLC from a “market perform” rating to an “outperform” rating in a research note on Monday. BidaskClub downgraded shares of Allegion PLC from a “buy” rating to a “hold” rating in a research note on Saturday. Robert W. Baird reissued a “hold” rating on shares of Allegion PLC in a research note on Tuesday, September 26th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $100.00 price target (up from $90.00) on shares of Allegion PLC in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Allegion PLC currently has an average rating of “Buy” and a consensus price target of $89.75.

Allegion PLC (NYSE ALLE) opened at 81.97 on Tuesday. Allegion PLC has a 1-year low of $62.65 and a 1-year high of $89.81. The company has a market capitalization of $7.79 billion, a P/E ratio of 31.71 and a beta of 1.13. The company has a 50-day moving average of $85.39 and a 200-day moving average of $80.95.

Allegion PLC (NYSE:ALLE) last released its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. The company had revenue of $609.40 million during the quarter, compared to analysts’ expectations of $622.18 million. Allegion PLC had a net margin of 14.37% and a return on equity of 154.50%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 EPS. Equities analysts expect that Allegion PLC will post $3.79 EPS for the current fiscal year.

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.

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

What are top analysts saying about Allegion PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Allegion PLC and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit