Public Employees Retirement Association of Colorado reduced its position in shares of Allegion PLC (NYSE:ALLE) by 0.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 18,312 shares of the scientific and technical instruments company’s stock after selling 44 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Allegion PLC were worth $1,485,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in Allegion PLC by 210.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,414 shares of the scientific and technical instruments company’s stock worth $107,000 after buying an additional 959 shares during the period. First Manhattan Co. raised its stake in shares of Allegion PLC by 51.3% in the first quarter. First Manhattan Co. now owns 2,212 shares of the scientific and technical instruments company’s stock valued at $152,000 after buying an additional 750 shares during the last quarter. Creative Planning raised its stake in shares of Allegion PLC by 10.9% in the first quarter. Creative Planning now owns 2,080 shares of the scientific and technical instruments company’s stock valued at $157,000 after buying an additional 205 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Allegion PLC by 2.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,256 shares of the scientific and technical instruments company’s stock valued at $171,000 after buying an additional 59 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Allegion PLC during the first quarter valued at approximately $174,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Allegion PLC (NYSE:ALLE) opened at 79.28 on Friday. The firm has a market cap of $7.53 billion, a P/E ratio of 30.67 and a beta of 1.10. Allegion PLC has a 1-year low of $61.47 and a 1-year high of $82.90. The stock’s 50 day moving average price is $80.84 and its 200 day moving average price is $76.68.

Allegion PLC (NYSE:ALLE) last released its quarterly earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.11. The business had revenue of $627 million during the quarter, compared to analyst estimates of $613.37 million. Allegion PLC had a return on equity of 198.25% and a net margin of 10.76%. Allegion PLC’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $0.99 EPS. Equities research analysts predict that Allegion PLC will post $3.78 EPS for the current year.

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Several equities research analysts have commented on ALLE shares. Imperial Capital boosted their target price on shares of Allegion PLC from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Zacks Investment Research lowered shares of Allegion PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. BidaskClub upgraded shares of Allegion PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Wolfe Research started coverage on shares of Allegion PLC in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, Robert W. Baird lowered shares of Allegion PLC from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $80.00 to $85.00 in a research report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Allegion PLC has an average rating of “Buy” and a consensus target price of $86.00.

In related news, insider Timothy P. Eckersley sold 12,782 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $81.14, for a total value of $1,037,131.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Todd V. Graves sold 1,858 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $79.19, for a total value of $147,135.02. Following the completion of the sale, the insider now directly owns 12,084 shares of the company’s stock, valued at $956,931.96. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for Allegion PLC (NYSE:ALLE)

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