Kempen Capital Management N.V. Purchases New Position in Allegion PLC (ALLE)
Kempen Capital Management N.V. purchased a new stake in Allegion PLC (NYSE:ALLE) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,200 shares of the scientific and technical instruments company’s stock, valued at approximately $3,018,000.
A number of other hedge funds also recently bought and sold shares of ALLE. Great West Life Assurance Co. Can grew 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 valued at $3,607,000 after purchasing an additional 990 shares in the last quarter. Suntrust Banks Inc. bought a new position in Allegion PLC in the first quarter valued at approximately $208,000. LS Investment Advisors LLC grew its stake in Allegion PLC by 12.7% in the first quarter. LS Investment Advisors LLC now owns 2,885 shares of the scientific and technical instruments company’s stock valued at $218,000 after purchasing an additional 326 shares in the last quarter. Swiss National Bank grew its stake in Allegion PLC by 0.6% in the first quarter. Swiss National Bank now owns 158,594 shares of the scientific and technical instruments company’s stock valued at $12,006,000 after purchasing an additional 1,000 shares in the last quarter. Finally, World Asset Management Inc grew its stake in Allegion PLC by 20.7% in the first 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 in the last quarter. Hedge funds and other institutional investors own 89.86% of the company’s stock.
Allegion PLC (NYSE ALLE) traded up 0.11% during mid-day trading on Monday, reaching $82.86. The company had a trading volume of 51,166 shares. Allegion PLC has a one year low of $61.47 and a one year high of $83.12. The company’s 50-day moving average is $79.81 and its 200-day moving average is $78.34. The stock has a market capitalization of $7.87 billion, a PE ratio of 32.05 and a beta of 1.10.
Allegion PLC (NYSE:ALLE) last released its earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.11. The company had revenue of $627.00 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 quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. Equities research analysts anticipate that Allegion PLC will post $3.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 18th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, September 15th. Allegion PLC’s dividend payout ratio is presently 24.62%.
ALLE has been the subject of a number of recent analyst reports. BidaskClub raised Allegion PLC from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Robert W. Baird set a $85.00 price objective on Allegion PLC and gave the company a “hold” rating in a research report on Thursday, August 24th. Wolfe Research initiated coverage on Allegion PLC in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, Zacks Investment Research raised Allegion PLC from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Friday, June 30th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Allegion PLC presently has an average rating of “Buy” and a consensus price target of $86.00.
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In other news, insider Timothy P. Eckersley sold 12,782 shares of the company’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.64% of the company’s stock.
Allegion PLC 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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