BNP Paribas Arbitrage SA Cuts Position in Allegion PLC (ALLE)
BNP Paribas Arbitrage SA decreased its position in shares of Allegion PLC (NYSE:ALLE) by 29.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,287 shares of the scientific and technical instruments company’s stock after selling 19,936 shares during the period. BNP Paribas Arbitrage SA’s holdings in Allegion PLC were worth $3,836,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Suntrust Banks Inc. purchased a new stake in Allegion PLC during the first quarter worth about $208,000. AKO Capital LLP increased its stake in Allegion PLC by 16.0% in the first quarter. AKO Capital LLP now owns 856,657 shares of the scientific and technical instruments company’s stock worth $64,858,000 after buying an additional 118,229 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Allegion PLC by 0.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 103,446 shares of the scientific and technical instruments company’s stock worth $7,847,000 after buying an additional 820 shares during the period. American Century Companies Inc. increased its stake in Allegion PLC by 22.9% in the first quarter. American Century Companies Inc. now owns 1,886,732 shares of the scientific and technical instruments company’s stock worth $142,826,000 after buying an additional 350,948 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in Allegion PLC by 2.1% in the first quarter. Great West Life Assurance Co. Can now owns 47,698 shares of the scientific and technical instruments company’s stock worth $3,607,000 after buying an additional 990 shares during the period. 93.60% of the stock is owned by hedge funds and other institutional investors.
Shares of Allegion PLC (ALLE) opened at 77.62 on Friday. The firm’s 50-day moving average price is $80.05 and its 200-day moving average price is $77.53. The stock has a market cap of $7.37 billion, a P/E ratio of 30.03 and a beta of 1.10. Allegion PLC has a 52-week low of $61.47 and a 52-week high of $82.90.
Allegion PLC (NYSE:ALLE) last posted its quarterly earnings data on Thursday, July 27th. The scientific and technical instruments company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.00 by $0.11. The business had revenue of $627 million for the quarter, compared to analysts’ expectations of $613.37 million. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. On average, equities research analysts forecast that Allegion PLC will post $3.78 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the company. BidaskClub raised Allegion PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Wolfe Research assumed coverage on Allegion PLC in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Zacks Investment Research downgraded Allegion PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Imperial Capital boosted their price target on Allegion PLC from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Finally, Robert W. Baird set a $85.00 price target on Allegion PLC and gave the company a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $86.00.
In other Allegion PLC news, insider Timothy P. Eckersley sold 12,782 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $81.14, for a total transaction of $1,037,131.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Todd V. Graves sold 1,858 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $79.19, for a total transaction of $147,135.02. Following the sale, the insider now directly owns 12,084 shares in the company, valued at $956,931.96. The disclosure for this sale can be found here. Insiders own 0.64% 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. 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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