Artisan Partners Limited Partnership Sells 169,930 Shares of Allegion PLC (ALLE)
Artisan Partners Limited Partnership reduced its position in shares of Allegion PLC (NYSE:ALLE) by 9.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,703,377 shares of the scientific and technical instruments company’s stock after selling 169,930 shares during the quarter. Artisan Partners Limited Partnership owned 1.79% of Allegion worth $147,291,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in ALLE. Tredje AP fonden bought a new position in shares of Allegion during the 2nd quarter valued at approximately $105,000. QS Investors LLC grew its stake in shares of Allegion by 1.2% during the 2nd quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock valued at $106,000 after acquiring an additional 16 shares during the period. Whittier Trust Co. grew its stake in shares of Allegion by 94.2% during the 3rd quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock valued at $107,000 after acquiring an additional 600 shares during the period. YorkBridge Wealth Partners LLC bought a new position in shares of Allegion during the 3rd quarter valued at approximately $107,000. Finally, Acrospire Investment Management LLC grew its stake in shares of Allegion by 75.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the scientific and technical instruments company’s stock valued at $114,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 89.47% of the company’s stock.
Allegion PLC (NYSE:ALLE) traded up $0.43 during mid-day trading on Friday, reaching $84.58. The company’s stock had a trading volume of 862,692 shares, compared to its average volume of 567,343. Allegion PLC has a 1-year low of $63.71 and a 1-year high of $89.81. The company has a quick ratio of 1.54, a current ratio of 2.14 and a debt-to-equity ratio of 3.79. The company has a market cap of $8,038.74, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09.
Allegion (NYSE:ALLE) last posted its quarterly 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 return on equity of 154.50% and a net margin of 14.37%. The business had revenue of $609.40 million during the quarter, compared to the consensus estimate of $622.18 million. During the same period in the prior year, the company posted $0.93 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities analysts predict that Allegion PLC will post 3.79 EPS for the current fiscal year.
A number of research analysts recently issued reports on the company. Robert W. Baird reiterated a “hold” rating on shares of Allegion in a research note on Tuesday, September 26th. BidaskClub downgraded Allegion from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research downgraded Allegion from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Wells Fargo & Company restated an “outperform” rating and issued a $100.00 price target (up from $90.00) on shares of Allegion in a research note on Wednesday, October 18th. Finally, Wolfe Research upgraded Allegion from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $89.75.
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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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