Engineers Gate Manager LP Acquires 10,348 Shares of Allegion PLC (ALLE)
Engineers Gate Manager LP raised its holdings in Allegion PLC (NYSE:ALLE) by 77.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 23,773 shares of the scientific and technical instruments company’s stock after acquiring an additional 10,348 shares during the quarter. Engineers Gate Manager LP’s holdings in Allegion PLC were worth $1,928,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Tredje AP fonden bought a new stake in shares of Allegion PLC in the 2nd quarter valued at $105,000. Tower Research Capital LLC TRC boosted its stake in shares of Allegion PLC by 210.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,414 shares of the scientific and technical instruments company’s stock valued at $107,000 after purchasing an additional 959 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Allegion PLC by 2.7% in the 1st 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 purchasing an additional 59 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Allegion PLC in the 1st quarter valued at $174,000. Finally, Notis McConarty Edward bought a new stake in shares of Allegion PLC in the 1st quarter valued at $202,000. 89.86% of the stock is currently owned by institutional investors.
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Allegion PLC (ALLE) opened at 80.81 on Monday. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 31.26 and a beta of 1.10. Allegion PLC has a 52 week low of $61.47 and a 52 week high of $82.90. The company’s 50-day moving average is $79.53 and its 200 day moving average is $78.06.
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 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 for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. On average, analysts forecast that Allegion PLC will post $3.78 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Friday, September 15th. Allegion PLC’s dividend payout ratio (DPR) is currently 24.62%.
A number of equities research analysts have recently commented on ALLE shares. Imperial Capital upped their price objective on shares of Allegion PLC from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Zacks Investment Research lowered shares of Allegion PLC from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. BidaskClub lowered shares of Allegion PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Wolfe Research started coverage on shares of Allegion PLC in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Allegion PLC currently has a consensus rating of “Buy” and an average target price of $86.00.
In related news, insider Timothy P. Eckersley sold 12,782 shares of Allegion PLC stock in a transaction on Friday, August 4th. The shares were sold at an average price of $81.14, for a total value of $1,037,131.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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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