Standard Life Investments LTD Purchases 100,022 Shares of Allegion PLC (ALLE)
Standard Life Investments LTD raised its position in Allegion PLC (NYSE:ALLE) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,935,394 shares of the company’s stock after buying an additional 100,022 shares during the period. Allegion PLC accounts for approximately 1.9% of Standard Life Investments LTD’s holdings, making the stock its 10th largest position. Standard Life Investments LTD owned 6.20% of Allegion PLC worth $412,123,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Allegion PLC by 39.4% in the first quarter. JPMorgan Chase & Co. now owns 4,181,078 shares of the company’s stock worth $266,374,000 after buying an additional 1,180,916 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Allegion PLC by 31.2% in the second quarter. American Century Companies Inc. now owns 1,499,521 shares of the company’s stock worth $104,112,000 after buying an additional 356,330 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Allegion PLC by 7.5% in the first quarter. Goldman Sachs Group Inc. now owns 790,830 shares of the company’s stock worth $50,384,000 after buying an additional 54,866 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Allegion PLC by 3.5% in the first quarter. Geode Capital Management LLC now owns 767,644 shares of the company’s stock worth $48,826,000 after buying an additional 25,690 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Allegion PLC by 228.8% in the first quarter. Renaissance Technologies LLC now owns 731,000 shares of the company’s stock worth $46,572,000 after buying an additional 508,670 shares in the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.
Allegion PLC (NYSE:ALLE) traded down 1.07% during mid-day trading on Monday, reaching $68.17. 647,347 shares of the company’s stock were exchanged. Allegion PLC has a 12 month low of $52.95 and a 12 month high of $73.49. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 33.47 and a beta of 1.04. The stock has a 50-day moving average of $69.93 and a 200-day moving average of $68.03.
Allegion PLC (NYSE:ALLE) last announced its earnings results on Thursday, July 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.09. Allegion PLC had a net margin of 9.06% and a return on equity of 476.64%. The firm had revenue of $584.90 million for the quarter, compared to analyst estimates of $574.13 million. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 12.6% compared to the same quarter last year. Analysts anticipate that Allegion PLC will post $3.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.70%. Allegion PLC’s dividend payout ratio is 23.53%.
A number of research analysts have recently issued reports on the stock. Goldman Sachs Group Inc. assumed coverage on shares of Allegion PLC in a research note on Friday, June 10th. They issued a “buy” rating and a $78.00 target price for the company. Zacks Investment Research cut shares of Allegion PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Imperial Capital reiterated an “outperform” rating and issued a $71.00 target price on shares of Allegion PLC in a research note on Wednesday, June 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Allegion PLC in a research note on Monday, June 27th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Allegion PLC in a research note on Saturday, July 9th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Allegion PLC presently has a consensus rating of “Buy” and an average target price of $74.29.
In related news, insider Feng William Yu sold 21,535 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $72.80, for a total transaction of $1,567,748.00. Following the sale, the insider now owns 53,539 shares in the company, valued at approximately $3,897,639.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas P. Ranck sold 9,300 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $72.90, for a total transaction of $677,970.00. Following the sale, the insider now owns 11,544 shares in the company, valued at approximately $841,557.60. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
About Allegion PLC
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. It operates through three segments: Americas; Europe, the Middle East, India and Africa (EMEIA), and Asia Pacific. The Company’s products include door closers and controls, electronic security products, exit devices, time, attendance and workforce productivity systems, door and door frames (steel), electronic and biometric access control systems, locks, locksets and key systems, and other accessories.
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