State of Wisconsin Investment Board raised its stake in Allegion PLC (NYSE:ALLE) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,260 shares of the scientific and technical instruments company’s stock after buying an additional 6,612 shares during the quarter. State of Wisconsin Investment Board owned about 0.09% of Allegion worth $7,632,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Stevens Capital Management LP acquired a new position in shares of Allegion in the third quarter valued at $2,917,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of Allegion in the third quarter valued at about $17,061,000. State Board of Administration of Florida Retirement System grew its stake in shares of Allegion by 0.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 142,094 shares of the scientific and technical instruments company’s stock valued at $12,287,000 after acquiring an additional 710 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of Allegion by 117.7% in the third quarter. Wedbush Securities Inc. now owns 6,837 shares of the scientific and technical instruments company’s stock valued at $591,000 after acquiring an additional 3,697 shares in the last quarter. Finally, Dupont Capital Management Corp grew its stake in shares of Allegion by 9.0% in the third quarter. Dupont Capital Management Corp now owns 198,581 shares of the scientific and technical instruments company’s stock valued at $17,171,000 after acquiring an additional 16,406 shares in the last quarter. 89.48% of the stock is currently owned by institutional investors and hedge funds.
Allegion PLC (ALLE) traded down $1.15 during midday trading on Monday, hitting $83.43. The stock had a trading volume of 766,560 shares, compared to its average volume of 688,273. The company has a market cap of $8,038.71, a PE ratio of 23.05, a price-to-earnings-growth ratio of 1.59 and a beta of 1.08. Allegion PLC has a 12 month low of $63.71 and a 12 month high of $89.81. The company has a quick ratio of 1.54, a current ratio of 2.14 and a debt-to-equity ratio of 3.79.
Allegion (NYSE:ALLE) last announced 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 Zacks’ consensus estimate of $1.02. The business had revenue of $609.40 million for the quarter, compared to analysts’ expectations of $622.18 million. Allegion had a return on equity of 154.50% and a net margin of 14.37%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS. equities research analysts forecast that Allegion PLC will post 3.79 earnings per share for the current fiscal year.
ALLE has been the topic of a number of analyst reports. BidaskClub upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Robert W. Baird reissued a “hold” rating on shares of Allegion in a report on Tuesday, September 26th. Zacks Investment Research cut shares of Allegion from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Wells Fargo & Company reiterated an “outperform” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Allegion in a report on Wednesday, October 18th. Finally, Wolfe Research raised shares of Allegion from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $89.75.
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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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