Vigilant Capital Management LLC Sells 1,080 Shares of Allegion PLC (ALLE)
Vigilant Capital Management LLC cut its position in shares of Allegion PLC (NYSE:ALLE) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,425 shares of the company’s stock after selling 1,080 shares during the period. Vigilant Capital Management LLC owned 0.12% of Allegion PLC worth $8,023,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of Allegion PLC by 68.1% in the second quarter. JPMorgan Chase & Co. now owns 7,027,675 shares of the company’s stock worth $487,931,000 after buying an additional 2,846,597 shares during the last quarter. Janus Capital Management LLC increased its position in Allegion PLC by 209.5% in the second quarter. Janus Capital Management LLC now owns 2,623,296 shares of the company’s stock valued at $182,136,000 after buying an additional 1,775,722 shares in the last quarter. Jennison Associates LLC bought a new position in Allegion PLC during the second quarter valued at approximately $54,097,000. American Century Companies Inc. increased its position in Allegion PLC by 31.2% in the second quarter. American Century Companies Inc. now owns 1,499,521 shares of the company’s stock valued at $104,112,000 after buying an additional 356,330 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Allegion PLC by 192.6% in the second quarter. Alliancebernstein L.P. now owns 484,952 shares of the company’s stock valued at $33,670,000 after buying an additional 319,203 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.
Allegion PLC (NYSE:ALLE) traded down 0.59% during midday trading on Wednesday, reaching $67.08. 400,296 shares of the company traded hands. The firm has a 50-day moving average price of $66.61 and a 200-day moving average price of $68.69. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 28.79 and a beta of 1.09. Allegion PLC has a one year low of $52.95 and a one year high of $73.49.
Allegion PLC (NYSE:ALLE) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.95 by $0.02. The company earned $581.10 million during the quarter, compared to analysts’ expectations of $586.67 million. Allegion PLC had a return on equity of 327.24% and a net margin of 10.22%. Allegion PLC’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. Equities analysts predict that Allegion PLC will post $3.40 EPS for the current fiscal year.
Several equities analysts have commented on the stock. Imperial Capital downgraded shares of Allegion PLC from an “outperform” rating to an “in-line” rating and upped their price objective for the company from $71.00 to $79.00 in a report on Tuesday, August 2nd. Zacks Investment Research raised shares of Allegion PLC from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Tuesday, September 27th. TheStreet raised shares of Allegion PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, November 15th. Finally, Berenberg Bank assumed coverage on shares of Allegion PLC in a research report on Thursday, October 6th. They issued a “buy” rating and a $80.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Allegion PLC currently has an average rating of “Buy” and an average price target of $74.00.
In other Allegion PLC news, insider Feng William Yu sold 11,818 shares of Allegion PLC stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $63.52, for a total value of $750,679.36. Following the transaction, the insider now directly owns 33,146 shares of the company’s stock, valued at approximately $2,105,433.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by company insiders.
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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