Toronto Dominion Bank Buys 3,767 Shares of Allegion PLC (ALLE)
Toronto Dominion Bank increased its holdings in shares of Allegion PLC (NYSE:ALLE) by 11.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,044 shares of the scientific and technical instruments company’s stock after buying an additional 3,767 shares during the quarter. Toronto Dominion Bank’s holdings in Allegion PLC were worth $3,117,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tredje AP fonden purchased a new position in Allegion PLC during the second quarter worth about $105,000. QS Investors LLC lifted its position in Allegion PLC by 1.2% during the second quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock worth $106,000 after buying an additional 16 shares during the period. Whittier Trust Co. lifted its position in Allegion PLC by 94.2% during the third quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock worth $107,000 after buying an additional 600 shares during the period. YorkBridge Wealth Partners LLC purchased a new position in Allegion PLC during the third quarter worth about $107,000. Finally, Acrospire Investment Management LLC lifted its position in Allegion PLC by 75.0% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the scientific and technical instruments company’s stock worth $114,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 90.95% of the company’s stock.
ALLE has been the subject of several research analyst reports. BidaskClub lowered Allegion PLC from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Robert W. Baird set a $85.00 price target on Allegion PLC and gave the stock a “hold” rating in a research note on Thursday, August 24th. Zacks Investment Research lowered Allegion PLC from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Wolfe Research upgraded Allegion PLC from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $100.00 price target (up from $90.00) on shares of Allegion PLC in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Allegion PLC has a consensus rating of “Buy” and an average price target of $89.75.
Shares of Allegion PLC (ALLE) opened at $83.40 on Wednesday. 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 12 month low of $63.71 and a 12 month high of $89.81. The stock has a market capitalization of $7,911.35, a PE ratio of 22.68, a PEG ratio of 1.56 and a beta of 1.10.
Allegion PLC (NYSE:ALLE) last posted its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. Allegion PLC 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 analyst estimates of $622.18 million. During the same quarter last year, the firm earned $0.93 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. analysts expect that Allegion PLC will post 3.79 EPS for the current year.
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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. 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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