Boston Family Office LLC reduced its stake in Allegion PLC (NYSE:ALLE) by 23.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,052 shares of the company’s stock after selling 1,578 shares during the period. Boston Family Office LLC’s holdings in Allegion PLC were worth $348,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ALLE. NEXT Financial Group Inc raised its position in Allegion PLC by 4,545.5% in the third quarter. NEXT Financial Group Inc now owns 1,533 shares of the company’s stock worth $106,000 after buying an additional 1,500 shares during the period. Creative Planning raised its position in Allegion PLC by 1.7% in the third quarter. Creative Planning now owns 1,804 shares of the company’s stock worth $124,000 after buying an additional 31 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Allegion PLC by 3.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,791 shares of the company’s stock worth $125,000 after buying an additional 63 shares during the period. Victory Capital Management Inc. raised its position in Allegion PLC by 50.0% in the third quarter. Victory Capital Management Inc. now owns 1,832 shares of the company’s stock worth $126,000 after buying an additional 611 shares during the period. Finally, Cortina Asset Management LLC bought a new position in Allegion PLC during the second quarter worth $201,000. 90.21% of the stock is owned by hedge funds and other institutional investors.
Allegion PLC (NYSE:ALLE) traded up 0.31% during trading on Friday, hitting $67.91. The stock had a trading volume of 220,889 shares. Allegion PLC has a 52-week low of $52.95 and a 52-week high of $73.49. The firm has a market cap of $6.52 billion, a PE ratio of 29.15 and a beta of 1.09. The company’s 50 day moving average is $66.62 and its 200 day moving average is $68.63.
Allegion PLC (NYSE:ALLE) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by $0.02. The firm earned $581.10 million during the quarter, compared to analysts’ expectations of $586.67 million. Allegion PLC had a net margin of 10.22% and a return on equity of 327.24%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. Equities research analysts forecast that Allegion PLC will post $3.40 earnings per share for the current year.
Several analysts have commented on the company. TheStreet upgraded Allegion PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, November 15th. Imperial Capital upgraded Allegion PLC from an “in-line” rating to an “outperform” rating and cut their target price for the company from $79.00 to $72.00 in a research note on Tuesday, November 1st. Berenberg Bank assumed coverage on Allegion PLC in a research note on Thursday, October 6th. They set a “buy” rating and a $80.00 target price on the stock. Finally, Zacks Investment Research downgraded Allegion PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $74.00.
In related news, insider Feng William Yu sold 11,818 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $63.52, for a total value of $750,679.36. Following the completion of the transaction, the insider now owns 33,146 shares of the company’s stock, valued at $2,105,433.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is currently owned by corporate insiders.
Allegion PLC Company 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. 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.