Norinchukin Bank The Has $536,000 Position in Allegion PLC (ALLE)
Norinchukin Bank The increased its holdings in Allegion PLC (NYSE:ALLE) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,612 shares of the scientific and technical instruments company’s stock after purchasing an additional 407 shares during the quarter. Norinchukin Bank The’s holdings in Allegion PLC were worth $536,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of ALLE. Suntrust Banks Inc. purchased a new position in Allegion PLC in the 1st quarter worth $208,000. LS Investment Advisors LLC raised its position in Allegion PLC by 12.7% in the 1st quarter. LS Investment Advisors LLC now owns 2,885 shares of the scientific and technical instruments company’s stock worth $218,000 after purchasing an additional 326 shares during the period. Karp Capital Management Corp purchased a new position in Allegion PLC in the 1st quarter worth $2,163,000. Sei Investments Co. raised its position in Allegion PLC by 26.7% in the 1st quarter. Sei Investments Co. now owns 93,662 shares of the scientific and technical instruments company’s stock worth $7,090,000 after purchasing an additional 19,758 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Allegion PLC by 28.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,082 shares of the scientific and technical instruments company’s stock worth $536,000 after purchasing an additional 1,585 shares during the period. Institutional investors own 89.86% of the company’s stock.
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A number of equities analysts recently commented on the stock. BidaskClub upgraded shares of Allegion PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. 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. Zacks Investment Research cut shares of Allegion PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $86.00.
Allegion PLC (NYSE ALLE) opened at 83.57 on Thursday. The firm has a 50 day moving average of $79.89 and a 200-day moving average of $78.54. The stock has a market cap of $7.94 billion, a PE ratio of 32.33 and a beta of 1.10. Allegion PLC has a 52-week low of $61.47 and a 52-week high of $84.04.
Allegion PLC (NYSE:ALLE) last announced its earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.11. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The business had revenue of $627.00 million for the quarter, compared to the consensus estimate of $613.37 million. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts anticipate that Allegion PLC will post $3.78 earnings per share 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 paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Friday, September 15th. Allegion PLC’s dividend payout ratio is presently 24.62%.
In related news, insider Timothy P. Eckersley sold 12,782 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is accessible through this link. Company 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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