Oppenheimer Asset Management Inc. boosted its stake in shares of Allegion PLC (NYSE:ALLE) by 3,020.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,764 shares of the scientific and technical instruments company’s stock after purchasing an additional 12,355 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Allegion were worth $1,103,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Asset Management Americas Inc. lifted its stake in shares of Allegion by 1,505.9% in the second quarter. UBS Asset Management Americas Inc. now owns 1,397,478 shares of the scientific and technical instruments company’s stock worth $113,363,000 after buying an additional 1,310,457 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Allegion by 92.2% in the second quarter. Alliancebernstein L.P. now owns 1,645,398 shares of the scientific and technical instruments company’s stock worth $133,475,000 after buying an additional 789,183 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Allegion by 14.3% in the second quarter. BlackRock Inc. now owns 5,955,519 shares of the scientific and technical instruments company’s stock worth $483,111,000 after buying an additional 746,516 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Allegion by 44.8% in the second 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 buying an additional 579,517 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Allegion by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 5,738,702 shares of the scientific and technical instruments company’s stock worth $492,149,000 after buying an additional 390,699 shares during the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Allegion PLC (NYSE:ALLE) opened at $81.68 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.14 and a debt-to-equity ratio of 3.79. Allegion PLC has a fifty-two week low of $63.71 and a fifty-two week high of $89.81. The firm has a market cap of $7,854.32, a PE ratio of 22.52, a PEG ratio of 1.55 and a beta of 1.08.
Allegion (NYSE:ALLE) last posted its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.02. Allegion had a net margin of 14.37% and a return on equity of 154.50%. The business had revenue of $609.40 million for the quarter, compared to analyst estimates of $622.18 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. research analysts expect that Allegion PLC will post 3.79 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, December 15th. Allegion’s dividend payout ratio is currently 18.18%.
Several research firms recently commented on ALLE. Robert W. Baird reiterated a “hold” rating on shares of Allegion in a research note on Tuesday, September 26th. BidaskClub cut shares of Allegion from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Wells Fargo & Company reissued an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of Allegion in a report on Wednesday, October 18th. Zacks Investment Research lowered shares of Allegion from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Wolfe Research raised shares of Allegion from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Allegion has an average rating of “Buy” and an average target price of $89.75.
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Allegion 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. 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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