Great West Life Assurance Co. Can increased its position in shares of Allegion PLC (NYSE:ALLE) by 38.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,126 shares of the scientific and technical instruments company’s stock after buying an additional 18,428 shares during the period. Great West Life Assurance Co. Can’s holdings in Allegion PLC were worth $5,358,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in Allegion PLC by 2.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,256 shares of the scientific and technical instruments company’s stock valued at $171,000 after buying an additional 59 shares during the period. Mason Street Advisors LLC raised its position in Allegion PLC by 0.6% in the first quarter. Mason Street Advisors LLC now owns 13,194 shares of the scientific and technical instruments company’s stock valued at $999,000 after buying an additional 76 shares during the period. Utah Retirement Systems raised its position in Allegion PLC by 0.6% in the first quarter. Utah Retirement Systems now owns 17,565 shares of the scientific and technical instruments company’s stock valued at $1,330,000 after buying an additional 100 shares during the period. Thrivent Financial For Lutherans raised its position in Allegion PLC by 6.1% in the first quarter. Thrivent Financial For Lutherans now owns 3,501 shares of the scientific and technical instruments company’s stock valued at $265,000 after buying an additional 200 shares during the period. Finally, Creative Planning raised its position in Allegion PLC by 10.9% in the first quarter. Creative Planning now owns 2,080 shares of the scientific and technical instruments company’s stock valued at $157,000 after buying an additional 205 shares during the period. Hedge funds and other institutional investors own 93.60% of the company’s stock.

Allegion PLC (ALLE) opened at 79.47 on Tuesday. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 30.74 and a beta of 1.10. Allegion PLC has a 52-week low of $61.47 and a 52-week high of $82.90. The stock’s 50 day moving average is $80.79 and its 200 day moving average is $76.93.

Allegion PLC (NYSE:ALLE) last announced its quarterly earnings data on Thursday, July 27th. The scientific and technical instruments company reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.11. The firm had revenue of $627 million during the quarter, compared to analyst estimates of $613.37 million. Allegion PLC had a return on equity of 198.25% and a net margin of 10.76%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. Equities research analysts forecast that Allegion PLC will post $3.78 earnings per share for the current year.

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Several equities analysts have recently weighed in on ALLE shares. Robert W. Baird lowered shares of Allegion PLC from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $80.00 to $85.00 in a research report on Friday, April 28th. Credit Suisse Group restated a “buy” rating and set a $89.00 price objective on shares of Allegion PLC in a research report on Friday, April 28th. Imperial Capital raised their price objective on shares of Allegion PLC from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Zacks Investment Research lowered shares of Allegion PLC from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. Finally, BidaskClub lowered shares of Allegion PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $86.00.

In related news, insider Todd V. Graves sold 1,858 shares of Allegion PLC stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $79.19, for a total value of $147,135.02. Following the completion of the sale, the insider now directly owns 12,084 shares in the company, valued at $956,931.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Timothy P. Eckersley sold 12,782 shares of Allegion PLC stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $81.14, for a total value of $1,037,131.48. The disclosure for this sale can be found here. 0.64% of the stock is 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. 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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Institutional Ownership by Quarter for Allegion PLC (NYSE:ALLE)

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