Fmr LLC Sells 31,338 Shares of Allegion PLC (ALLE)

Fmr LLC decreased its position in shares of Allegion PLC (NYSE:ALLE) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,841,213 shares of the scientific and technical instruments company’s stock after selling 31,338 shares during the quarter. Fmr LLC owned approximately 1.94% of Allegion worth $166,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALLE. American International Group Inc. raised its stake in Allegion by 6.4% in the third quarter. American International Group Inc. now owns 33,969 shares of the scientific and technical instruments company’s stock valued at $3,077,000 after buying an additional 2,052 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Allegion by 8.1% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 32,719 shares of the scientific and technical instruments company’s stock valued at $2,963,000 after buying an additional 2,453 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Allegion by 5.3% in the third quarter. PNC Financial Services Group Inc. now owns 48,429 shares of the scientific and technical instruments company’s stock valued at $4,386,000 after buying an additional 2,444 shares during the last quarter. Janus Henderson Group PLC raised its stake in Allegion by 1,133.8% in the third quarter. Janus Henderson Group PLC now owns 253,689 shares of the scientific and technical instruments company’s stock valued at $22,977,000 after buying an additional 233,128 shares during the last quarter. Finally, AXA purchased a new stake in Allegion in the third quarter valued at about $3,034,000. 96.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:ALLE opened at $88.67 on Friday. Allegion PLC has a 52-week low of $73.85 and a 52-week high of $94.30. The stock has a market capitalization of $8.53 billion, a PE ratio of 20.44, a PEG ratio of 1.56 and a beta of 1.06. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.79 and a quick ratio of 1.22.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, October 25th. The scientific and technical instruments company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.02. Allegion had a return on equity of 85.03% and a net margin of 11.75%. The firm had revenue of $711.50 million during the quarter, compared to analysts’ expectations of $699.07 million. As a group, equities analysts predict that Allegion PLC will post 4.49 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on ALLE. Morgan Stanley began coverage on Allegion in a research note on Monday, August 20th. They issued an “equal weight” rating and a $88.00 price objective for the company. ValuEngine cut Allegion from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research upgraded Allegion from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Wells Fargo & Co raised their price objective on Allegion from $96.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. Finally, Credit Suisse Group began coverage on Allegion in a research note on Friday, October 12th. They issued an “outperform” rating and a $96.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $95.50.

In related news, insider Douglas P. Ranck sold 3,200 shares of Allegion stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 10,348 shares in the company, valued at $929,043.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.75% of the company’s stock.

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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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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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