Allegion PLC (ALLE) Shares Sold by Century Capital Management LLC
Century Capital Management LLC reduced its stake in shares of Allegion PLC (NYSE:ALLE) by 48.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,873 shares of the scientific and technical instruments company’s stock after selling 11,878 shares during the quarter. Century Capital Management LLC’s holdings in Allegion PLC were worth $1,044,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. World Asset Management Inc increased its position in Allegion PLC by 20.7% during the 1st quarter. World Asset Management Inc now owns 10,291 shares of the scientific and technical instruments company’s stock valued at $779,000 after purchasing an additional 1,768 shares during the period. Credit Suisse AG increased its position in Allegion PLC by 18.1% during the 1st quarter. Credit Suisse AG now owns 120,646 shares of the scientific and technical instruments company’s stock valued at $9,134,000 after purchasing an additional 18,495 shares during the period. BlackRock Inc. increased its position in Allegion PLC by 5,286.4% during the 1st quarter. BlackRock Inc. now owns 5,209,003 shares of the scientific and technical instruments company’s stock valued at $394,319,000 after purchasing an additional 5,112,297 shares during the period. Xact Kapitalforvaltning AB purchased a new position in Allegion PLC during the 2nd quarter valued at $1,193,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in Allegion PLC during the 2nd quarter valued at $2,516,000. 89.86% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Timothy P. Eckersley sold 12,782 shares of Allegion PLC 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.64% of the company’s stock.
Shares of Allegion PLC (NYSE ALLE) opened at 81.07 on Tuesday. The stock has a 50 day moving average of $79.50 and a 200-day moving average of $78.15. Allegion PLC has a 52-week low of $61.47 and a 52-week high of $82.90. The stock has a market capitalization of $7.70 billion, a P/E ratio of 31.36 and a beta of 1.10.
Allegion PLC (NYSE:ALLE) last released its quarterly earnings data 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 firm had revenue of $627 million during the quarter, compared to the consensus estimate of $613.37 million. Allegion PLC had a return on equity of 198.25% and a net margin of 10.76%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. Analysts predict that Allegion PLC will post $3.78 EPS for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date is Friday, September 15th. This represents a $0.64 annualized dividend and a dividend yield of 0.79%. Allegion PLC’s payout ratio is currently 24.62%.
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ALLE has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Allegion PLC from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Tuesday, June 6th. BidaskClub raised shares of Allegion PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Robert W. Baird set a $85.00 target price on shares of Allegion PLC and gave the stock a “hold” rating in a research report on Thursday, August 24th. Finally, Wolfe Research assumed coverage on shares of Allegion PLC in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $86.00.
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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