AKO Capital LLP Has $64.40 Million Holdings in Allegion PLC (ALLE)

AKO Capital LLP grew its stake in Allegion PLC (NYSE:ALLE) by 6.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 744,777 shares of the scientific and technical instruments company’s stock after buying an additional 47,741 shares during the period. Allegion PLC makes up approximately 5.3% of AKO Capital LLP’s holdings, making the stock its 4th biggest position. AKO Capital LLP owned about 0.78% of Allegion PLC worth $64,401,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Allegion PLC by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 9,295,692 shares of the scientific and technical instruments company’s stock worth $754,067,000 after purchasing an additional 175,432 shares during the last quarter. BlackRock Inc. lifted its position in shares of Allegion PLC by 14.3% during the 2nd quarter. BlackRock Inc. now owns 5,955,519 shares of the scientific and technical instruments company’s stock worth $483,111,000 after purchasing an additional 746,516 shares during the last quarter. State Street Corp lifted its position in shares of Allegion PLC by 2.9% during the 2nd quarter. State Street Corp now owns 5,207,209 shares of the scientific and technical instruments company’s stock worth $422,400,000 after purchasing an additional 146,138 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Allegion PLC by 0.8% during the 2nd quarter. American Century Companies Inc. now owns 1,901,388 shares of the scientific and technical instruments company’s stock worth $154,241,000 after purchasing an additional 14,656 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in shares of Allegion PLC by 44.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,873,307 shares of the scientific and technical instruments company’s stock worth $151,963,000 after purchasing an additional 579,517 shares during the last quarter. 90.22% of the stock is owned by institutional investors.

Allegion PLC (ALLE) traded up $1.05 during trading on Friday, reaching $83.13. The company’s stock had a trading volume of 565,100 shares, compared to its average volume of 883,639. The company has a debt-to-equity ratio of 3.79, a quick ratio of 1.54 and a current ratio of 2.14. The firm has a market cap of $7,900.92, a PE ratio of 22.65, a price-to-earnings-growth ratio of 1.56 and a beta of 1.10. Allegion PLC has a 12-month low of $63.71 and a 12-month high of $89.81.

Allegion PLC (NYSE:ALLE) last posted its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 EPS for the quarter, meeting the consensus estimate of $1.02. The firm had revenue of $609.40 million during the quarter, compared to analysts’ expectations of $622.18 million. Allegion PLC had a return on equity of 154.50% and a net margin of 14.37%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. sell-side analysts expect that Allegion PLC will post 3.79 earnings per share for the current year.

WARNING: “AKO Capital LLP Has $64.40 Million Holdings in Allegion PLC (ALLE)” was posted by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.themarketsdaily.com/2017/11/12/ako-capital-llp-has-64-40-million-holdings-in-allegion-plc-alle.html.

Several equities analysts recently weighed in on the company. Robert W. Baird set a $85.00 price objective on Allegion PLC and gave the stock a “hold” rating in a research report on Thursday, August 24th. BidaskClub raised Allegion PLC from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Wolfe Research raised Allegion PLC from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Zacks Investment Research cut Allegion PLC from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $100.00 price objective (up previously from $90.00) on shares of Allegion PLC in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Allegion PLC has an average rating of “Buy” and a consensus target price of $89.75.

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.

Want to see what other hedge funds are holding ALLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allegion PLC (NYSE:ALLE).

Institutional Ownership by Quarter for Allegion PLC (NYSE:ALLE)

Receive News & Ratings for Allegion PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply