Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Position in Allegion PLC (ALLE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in shares of Allegion PLC (NYSE:ALLE) by 21.6% in the third quarter, Holdings Channel reports. The fund owned 7,796 shares of the scientific and technical instruments company’s stock after selling 2,144 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Allegion were worth $706,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Piedmont Investment Advisors Inc. boosted its stake in shares of Allegion by 13.8% in the third quarter. Piedmont Investment Advisors Inc. now owns 6,646 shares of the scientific and technical instruments company’s stock worth $602,000 after acquiring an additional 808 shares during the period. Norinchukin Bank The boosted its stake in shares of Allegion by 13.7% in the third quarter. Norinchukin Bank The now owns 12,219 shares of the scientific and technical instruments company’s stock worth $1,107,000 after acquiring an additional 1,472 shares during the period. MML Investors Services LLC boosted its stake in shares of Allegion by 65.5% in the third quarter. MML Investors Services LLC now owns 4,623 shares of the scientific and technical instruments company’s stock worth $419,000 after acquiring an additional 1,829 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Allegion by 12.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 13,490 shares of the scientific and technical instruments company’s stock worth $1,222,000 after acquiring an additional 1,440 shares during the period. Finally, Toronto Dominion Bank boosted its stake in shares of Allegion by 1.1% in the third quarter. Toronto Dominion Bank now owns 61,742 shares of the scientific and technical instruments company’s stock worth $5,591,000 after acquiring an additional 676 shares during the period. Institutional investors own 96.47% of the company’s stock.

In related news, insider Douglas P. Ranck sold 3,200 shares of the stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $89.78, for a total transaction of $287,296.00. Following the completion of the transaction, the insider now directly owns 10,348 shares of the company’s stock, valued at $929,043.44. The sale was disclosed in a filing with the SEC, which is available through this link. 0.75% of the stock is currently owned by corporate insiders.

ALLE has been the subject of a number of recent analyst reports. Credit Suisse Group initiated coverage on Allegion in a research note on Friday, October 12th. They issued an “outperform” rating and a $96.00 price objective for the company. ValuEngine raised Allegion from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. Zacks Investment Research reaffirmed a “hold” rating on shares of Allegion in a research note on Monday, November 12th. Wells Fargo & Co upped their price objective on Allegion from $96.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. Finally, Morgan Stanley initiated coverage on Allegion in a research note on Monday, August 20th. They issued an “equal weight” rating and a $88.00 price objective for the company. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Allegion has a consensus rating of “Buy” and a consensus price target of $95.50.

NYSE ALLE opened at $90.28 on Thursday. The stock has a market capitalization of $8.71 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.79 and a quick ratio of 1.22. Allegion PLC has a twelve month low of $73.85 and a twelve month high of $94.30.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, October 25th. The scientific and technical instruments company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.02. Allegion had a return on equity of 85.03% and a net margin of 11.75%. The company had revenue of $711.50 million during the quarter, compared to analyst estimates of $699.07 million. Equities research analysts predict that Allegion PLC will post 4.49 earnings per share for the current fiscal year.

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Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers locks, locksets, portable locks, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door frames; and other accessories.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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