Allegion PLC (ALLE) Position Lifted by New York State Common Retirement Fund

New York State Common Retirement Fund increased its holdings in shares of Allegion PLC (NYSE:ALLE) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 281,965 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,100 shares during the period. New York State Common Retirement Fund owned approximately 0.30% of Allegion worth $24,382,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ALLE. UBS Asset Management Americas Inc. grew its holdings in Allegion by 1,505.9% in the second quarter. UBS Asset Management Americas Inc. now owns 1,397,478 shares of the scientific and technical instruments company’s stock valued at $113,363,000 after purchasing an additional 1,310,457 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Allegion by 92.2% in the second quarter. Alliancebernstein L.P. now owns 1,645,398 shares of the scientific and technical instruments company’s stock valued at $133,475,000 after purchasing an additional 789,183 shares during the last quarter. BlackRock Inc. grew its holdings in Allegion by 14.3% in the second quarter. BlackRock Inc. now owns 5,955,519 shares of the scientific and technical instruments company’s stock valued at $483,111,000 after purchasing an additional 746,516 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in Allegion by 44.8% in the second quarter. Artisan Partners Limited Partnership now owns 1,873,307 shares of the scientific and technical instruments company’s stock valued at $151,963,000 after purchasing an additional 579,517 shares during the last quarter. Finally, PDT Partners LLC grew its holdings in Allegion by 903.1% in the second quarter. PDT Partners LLC now owns 258,788 shares of the scientific and technical instruments company’s stock valued at $20,993,000 after purchasing an additional 232,988 shares during the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on the company. Robert W. Baird set a $85.00 target price on Allegion and gave the company a “hold” rating in a report on Thursday, August 24th. BidaskClub upgraded Allegion from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Wolfe Research upgraded Allegion from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Zacks Investment Research downgraded Allegion from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $100.00 price objective (up from $90.00) on shares of Allegion in a research report on Wednesday, October 18th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $89.75.

Shares of Allegion PLC (NYSE ALLE) opened at $82.17 on Tuesday. The company has a debt-to-equity ratio of 3.79, a current ratio of 2.14 and a quick ratio of 1.54. Allegion PLC has a 12-month low of $63.71 and a 12-month high of $89.81. The stock has a market capitalization of $7,837.22, a price-to-earnings ratio of 22.47, a PEG ratio of 1.55 and a beta of 1.08.

Allegion (NYSE:ALLE) last issued 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 Thomson Reuters’ consensus estimate of $1.02. Allegion had a return on equity of 154.50% and a net margin of 14.37%. The business had revenue of $609.40 million for the quarter, compared to the consensus estimate of $622.18 million. During the same period in the prior year, the business earned $0.93 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. sell-side analysts anticipate that Allegion PLC will post 3.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.64 annualized dividend and a yield of 0.78%. Allegion’s dividend payout ratio (DPR) is presently 18.18%.

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Allegion 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.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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