Voya Investment Management LLC lowered its stake in Allegion PLC (NYSE:ALLE) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,955 shares of the scientific and technical instruments company’s stock after selling 1,211 shares during the quarter. Voya Investment Management LLC owned approximately 0.07% of Allegion PLC worth $5,026,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Tredje AP fonden acquired a new stake in shares of Allegion PLC in the second quarter valued at about $105,000. Tower Research Capital LLC TRC increased its position in shares of Allegion PLC by 210.8% in the first 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 acquiring an additional 959 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Allegion PLC by 75.0% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the scientific and technical instruments company’s stock valued at $114,000 after acquiring an additional 600 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Allegion PLC in the first quarter valued at about $174,000. Finally, Notis McConarty Edward acquired a new stake in shares of Allegion PLC in the first quarter valued at about $202,000. 89.86% of the stock is currently owned by institutional investors and hedge funds.
Allegion PLC (NYSE ALLE) opened at 88.15 on Thursday. Allegion PLC has a 12 month low of $61.47 and a 12 month high of $88.32. The firm has a market cap of $8.37 billion, a P/E ratio of 34.10 and a beta of 1.13. The firm’s 50-day moving average price is $82.77 and its 200-day moving average price is $79.86.
Allegion PLC (NYSE:ALLE) last posted its earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 EPS for the quarter, topping 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 firm had revenue of $627.00 million for the quarter, compared to analysts’ expectations of $613.37 million. During the same quarter last year, the firm earned $0.99 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts expect that Allegion PLC will post $3.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 18th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.64 annualized dividend and a dividend yield of 0.73%. Allegion PLC’s dividend payout ratio is currently 24.62%.
In other Allegion PLC news, insider Timothy P. Eckersley sold 12,782 shares of Allegion PLC stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $81.14, for a total transaction of $1,037,131.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.64% of the stock is owned by company insiders.
ALLE has been the topic of a number of recent research reports. 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 on the stock. Finally, Robert W. Baird set a $85.00 price target on Allegion PLC and gave the stock a “hold” rating in a research report on Thursday, August 24th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $86.33.
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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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