Robeco Institutional Asset Management B.V. grew its holdings in shares of Allegion PLC (NYSE:ALLE) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,080,182 shares of the scientific and technical instruments company’s stock after buying an additional 11,744 shares during the quarter. Robeco Institutional Asset Management B.V. owned 1.14% of Allegion worth $97,832,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Fort L.P. acquired a new stake in shares of Allegion during the 2nd quarter valued at approximately $119,000. IFP Advisors Inc raised its position in shares of Allegion by 170.3% during the 3rd quarter. IFP Advisors Inc now owns 2,030 shares of the scientific and technical instruments company’s stock valued at $184,000 after acquiring an additional 1,279 shares in the last quarter. Creative Planning acquired a new stake in shares of Allegion during the 3rd quarter valued at approximately $222,000. Visionary Asset Management Inc. acquired a new stake in shares of Allegion during the 3rd quarter valued at approximately $231,000. Finally, Mission Wealth Management LP acquired a new stake in shares of Allegion during the 2nd quarter valued at approximately $200,000. Institutional investors own 93.39% of the company’s stock.
In other news, insider Douglas P. Ranck sold 3,200 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $89.78, for a total transaction of $287,296.00. Following the transaction, the insider now directly owns 10,348 shares of the company’s stock, valued at $929,043.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by company insiders.
Several equities research analysts recently issued reports on ALLE shares. Wells Fargo & Co upped their price target on Allegion from $96.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, October 26th. Zacks Investment Research raised Allegion from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Monday, July 16th. ValuEngine raised Allegion from a “sell” rating to a “hold” rating in a research report on Wednesday, July 18th. Credit Suisse Group started coverage on Allegion in a research report on Friday, October 12th. They set an “outperform” rating and a $96.00 price target on the stock. Finally, Morgan Stanley started coverage on Allegion in a research report on Monday, August 20th. They set an “equal weight” rating and a $88.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Allegion has a consensus rating of “Buy” and a consensus target price of $95.50.
Shares of NYSE ALLE opened at $89.39 on Friday. Allegion PLC has a 1-year low of $73.85 and a 1-year high of $92.87. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 2.37. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.56 and a beta of 1.05.
Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, October 25th. The scientific and technical instruments company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.02. The company had revenue of $711.50 million for the quarter, compared to analyst estimates of $699.07 million. Allegion had a return on equity of 85.03% and a net margin of 11.75%. Sell-side analysts anticipate that Allegion PLC will post 4.49 EPS for the current fiscal year.
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Allegion Company Profile
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers locks, locksets, portable locks, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door frames; and other accessories.
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