Arrow Investment Advisors LLC decreased its position in Allegion PLC (NYSE:ALLE) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 10,827 shares of the company’s stock after selling 261 shares during the period. Arrow Investment Advisors LLC’s holdings in Allegion PLC were worth $752,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Standard Life Investments LTD raised its stake in shares of Allegion PLC by 1.7% in the second quarter. Standard Life Investments LTD now owns 5,935,394 shares of the company’s stock worth $412,123,000 after buying an additional 100,022 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Allegion PLC by 39.4% in the first quarter. JPMorgan Chase & Co. now owns 4,181,078 shares of the company’s stock worth $266,374,000 after buying an additional 1,180,916 shares during the period. American Century Companies Inc. raised its stake in shares of Allegion PLC by 31.2% in the second quarter. American Century Companies Inc. now owns 1,499,521 shares of the company’s stock worth $104,112,000 after buying an additional 356,330 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Allegion PLC by 7.5% in the first quarter. Goldman Sachs Group Inc. now owns 790,830 shares of the company’s stock worth $50,384,000 after buying an additional 54,866 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Allegion PLC by 3.5% in the first quarter. Geode Capital Management LLC now owns 767,644 shares of the company’s stock worth $48,826,000 after buying an additional 25,690 shares during the period. 90.34% of the stock is owned by institutional investors and hedge funds.
Allegion PLC (NYSE:ALLE) traded down 1.07% during midday trading on Monday, hitting $68.17. 637,067 shares of the stock traded hands. The company has a 50-day moving average of $69.93 and a 200-day moving average of $68.03. The stock has a market cap of $6.54 billion, a PE ratio of 33.47 and a beta of 1.04. Allegion PLC has a 1-year low of $52.95 and a 1-year high of $73.49.
Allegion PLC (NYSE:ALLE) last posted its earnings results on Thursday, July 28th. The company reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.09. The company earned $584.90 million during the quarter, compared to the consensus estimate of $574.13 million. Allegion PLC had a net margin of 9.06% and a return on equity of 476.64%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. On average, equities analysts expect that Allegion PLC will post $3.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, September 13th. Allegion PLC’s dividend payout ratio is 23.53%.
A number of brokerages recently issued reports on ALLE. Imperial Capital lowered shares of Allegion PLC from an “outperform” rating to an “in-line” rating and raised their target price for the stock from $71.00 to $79.00 in a research report on Tuesday, August 2nd. Zacks Investment Research lowered shares of Allegion PLC from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Credit Suisse Group AG reiterated a “buy” rating on shares of Allegion PLC in a report on Saturday, July 9th. Goldman Sachs Group Inc. initiated coverage on shares of Allegion PLC in a research note on Friday, June 10th. They set a “buy” rating and a $78.00 price target on the stock. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Allegion PLC in a research note on Monday, June 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $74.29.
In related news, insider Feng William Yu sold 21,535 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $72.80, for a total transaction of $1,567,748.00. Following the completion of the sale, the insider now directly owns 53,539 shares of the company’s stock, valued at approximately $3,897,639.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Douglas P. Ranck sold 9,300 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $72.90, for a total transaction of $677,970.00. Following the sale, the insider now directly owns 11,544 shares of the company’s stock, valued at $841,557.60. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.
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. It operates through three segments: Americas; Europe, the Middle East, India and Africa (EMEIA), and Asia Pacific. The Company’s products include door closers and controls, electronic security products, exit devices, time, attendance and workforce productivity systems, door and door frames (steel), electronic and biometric access control systems, locks, locksets and key systems, and other accessories.
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