Allegion PLC (NYSE:ALLE) issued its quarterly earnings results on Thursday. The scientific and technical instruments company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.11, MarketWatch Earnings reports. The firm had revenue of $627 million during the quarter, compared to analysts’ expectations of $613.37 million. Allegion PLC had a net margin of 10.50% and a return on equity of 234.79%. Allegion PLC’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. Allegion PLC updated its FY17 guidance to $3.65-3.80 EPS.

Shares of Allegion PLC (NYSE:ALLE) traded up 1.64% during trading on Thursday, hitting $79.78. 858,382 shares of the stock were exchanged. Allegion PLC has a 12-month low of $61.47 and a 12-month high of $82.90. The stock has a market cap of $7.60 billion, a P/E ratio of 32.31 and a beta of 1.11. The stock has a 50-day moving average of $80.54 and a 200 day moving average of $75.52.

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In other news, SVP Jeffrey N. Braun sold 7,455 shares of the business’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $79.46, for a total transaction of $592,374.30. Following the completion of the transaction, the senior vice president now owns 7,250 shares of the company’s stock, valued at $576,085. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey M. Wood sold 4,071 shares of the business’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $79.87, for a total transaction of $325,150.77. Following the transaction, the insider now directly owns 1,938 shares of the company’s stock, valued at approximately $154,788.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,384 shares of company stock valued at $1,064,660. Corporate insiders own 0.64% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in Allegion PLC by 210.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,414 shares of the scientific and technical instruments company’s stock valued at $107,000 after buying an additional 959 shares during the last quarter. Creative Planning increased its stake 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 last quarter. First Manhattan Co. increased its stake in Allegion PLC by 51.3% in the first quarter. First Manhattan Co. now owns 2,212 shares of the scientific and technical instruments company’s stock valued at $152,000 after buying an additional 750 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake 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 last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in Allegion PLC during the first quarter valued at $174,000. 90.86% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Allegion PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Wolfe Research assumed coverage on shares of Allegion PLC in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Zacks Investment Research downgraded shares of Allegion PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. 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. Finally, Robert W. Baird downgraded shares of Allegion PLC from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $80.00 to $85.00 in a research report on Friday, April 28th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $86.00.

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.

Earnings History for Allegion PLC (NYSE:ALLE)

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