Legal & General Group Plc lifted its stake in shares of Allegion PLC (NYSE:ALLE) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 459,519 shares of the scientific and technical instruments company’s stock after purchasing an additional 10,085 shares during the quarter. Legal & General Group Plc owned about 0.48% of Allegion worth $39,734,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Allegion by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 9,295,692 shares of the scientific and technical instruments company’s stock valued at $754,067,000 after purchasing an additional 175,432 shares during the period. BlackRock Inc. boosted its stake in shares of Allegion by 14.3% during the 2nd quarter. BlackRock Inc. now owns 5,955,519 shares of the scientific and technical instruments company’s stock worth $483,111,000 after acquiring an additional 746,516 shares in the last quarter. State Street Corp boosted its stake in shares of Allegion by 2.9% during the 2nd quarter. State Street Corp now owns 5,207,209 shares of the scientific and technical instruments company’s stock worth $422,400,000 after acquiring an additional 146,138 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Allegion by 0.8% during the 2nd quarter. American Century Companies Inc. now owns 1,901,388 shares of the scientific and technical instruments company’s stock worth $154,241,000 after acquiring an additional 14,656 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Allegion by 44.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,873,307 shares of the scientific and technical instruments company’s stock worth $151,963,000 after acquiring an additional 579,517 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.
Allegion PLC (NYSE ALLE) opened at $83.11 on Friday. Allegion PLC has a 1-year low of $63.71 and a 1-year high of $89.81. The company has a current ratio of 2.14, a quick ratio of 1.54 and a debt-to-equity ratio of 3.79. The firm has a market capitalization of $7,773.54, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.53 and a beta of 1.08.
Allegion (NYSE:ALLE) last posted its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Allegion had a return on equity of 154.50% and a net margin of 14.37%. The company had revenue of $609.40 million for the quarter, compared to analyst estimates of $622.18 million. During the same period last year, the company earned $0.93 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. equities research analysts anticipate that Allegion PLC will post 3.79 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.77%. Allegion’s payout ratio is presently 18.18%.
ALLE has been the subject of several research reports. BidaskClub raised 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 research report on Tuesday, September 26th. Zacks Investment Research cut Allegion from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Wells Fargo & Company reissued an “outperform” rating and set a $100.00 price objective (up previously from $90.00) on shares of Allegion in a research report on Wednesday, October 18th. Finally, Wolfe Research raised Allegion from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently 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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