Amica Pension Fund Board of Trustees held its stake in Allegion PLC (NYSE:ALLE) during the first quarter, Holdings Channel reports. The institutional investor owned 3,257 shares of the scientific and technical instruments company’s stock at the end of the first quarter. Amica Pension Fund Board of Trustees’ holdings in Allegion PLC were worth $247,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Strs Ohio raised its stake in Allegion PLC by 17.5% in the third quarter. Strs Ohio now owns 117,500 shares of the scientific and technical instruments company’s stock valued at $8,096,000 after buying an additional 17,500 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Allegion PLC by 9.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,386 shares of the scientific and technical instruments company’s stock valued at $991,000 after buying an additional 1,299 shares in the last quarter. Three Peaks Capital Management LLC raised its stake in Allegion PLC by 4.8% in the third quarter. Three Peaks Capital Management LLC now owns 157,049 shares of the scientific and technical instruments company’s stock valued at $10,822,000 after buying an additional 7,254 shares in the last quarter. Investment Partners Ltd. OH ADV purchased a new stake in Allegion PLC during the third quarter valued at $1,389,000. Finally, BlackRock Fund Advisors raised its stake in Allegion PLC by 2.7% in the third quarter. BlackRock Fund Advisors now owns 1,513,320 shares of the scientific and technical instruments company’s stock valued at $104,283,000 after buying an additional 39,914 shares in the last quarter. Institutional investors own 90.50% of the company’s stock.
Allegion PLC (NYSE:ALLE) traded up 0.19% during midday trading on Friday, hitting $77.50. The company had a trading volume of 809,520 shares. The stock has a 50 day moving average price of $76.26 and a 200 day moving average price of $69.94. The company has a market capitalization of $7.39 billion, a P/E ratio of 31.39 and a beta of 1.07. Allegion PLC has a 52 week low of $61.47 and a 52 week high of $82.00.
Allegion PLC (NYSE:ALLE) last announced its earnings results on Thursday, April 27th. The scientific and technical instruments company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.04. The business had revenue of $548.80 million for the quarter, compared to analysts’ expectations of $536.97 million. Allegion PLC had a return on equity of 263.12% and a net margin of 10.24%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. Equities analysts forecast that Allegion PLC will post $3.72 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.64 annualized dividend and a yield of 0.83%. Allegion PLC’s dividend payout ratio (DPR) is presently 20.25%.
ALLE has been the topic of several research reports. Zacks Investment Research lowered Allegion PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. Imperial Capital lifted their price target on Allegion PLC from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Credit Suisse Group AG restated a “buy” rating and set a $79.00 price target on shares of Allegion PLC in a research report on Friday, February 10th. Finally, Robert W. Baird lowered Allegion PLC from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $80.00 to $85.00 in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Allegion PLC has a consensus rating of “Buy” and an average target price of $83.50.
In other Allegion PLC news, insider Chris E. Muhlenkamp sold 4,263 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $71.26, for a total transaction of $303,781.38. Following the sale, the insider now owns 16,801 shares of the company’s stock, valued at approximately $1,197,239.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy P. Eckersley sold 24,557 shares of the stock in a transaction on Friday, February 10th. The shares were sold at an average price of $71.90, for a total value of $1,765,648.30. Following the sale, the insider now directly owns 61,416 shares in the company, valued at approximately $4,415,810.40. The disclosure for this sale can be found here. Insiders have sold a total of 48,132 shares of company stock worth $3,554,710 in the last ninety days. Insiders own 0.40% of the company’s stock.
Allegion PLC Company 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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