Bragg Financial Advisors Inc Maintains Stake in Allegion PLC (ALLE)
Bragg Financial Advisors Inc continued to hold its position in shares of Allegion PLC (NYSE:ALLE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,780 shares of the company’s stock at the end of the third quarter. Bragg Financial Advisors Inc’s holdings in Allegion PLC were worth $467,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of ALLE. Standard Life Investments LTD raised its position in shares of Allegion PLC by 1.7% in the second quarter. Standard Life Investments LTD now owns 5,935,394 shares of the company’s stock worth $412,123,000 after buying an additional 100,022 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its stake in Allegion PLC by 10.4% in the second quarter. Mckinley Capital Management LLC Delaware now owns 295,635 shares of the company’s stock worth $20,526,000 after buying an additional 27,788 shares during the last quarter. Intermede Investment Partners Ltd raised its stake in Allegion PLC by 38.0% in the second quarter. Intermede Investment Partners Ltd now owns 437,464 shares of the company’s stock worth $30,373,000 after buying an additional 120,365 shares during the last quarter. Roosevelt Investment Group Inc. raised its stake in Allegion PLC by 8.7% in the second quarter. Roosevelt Investment Group Inc. now owns 282,291 shares of the company’s stock worth $19,599,000 after buying an additional 22,592 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Allegion PLC by 2.9% in the third quarter. BlackRock Inc. now owns 109,274 shares of the company’s stock worth $7,530,000 after buying an additional 3,088 shares during the last quarter. Institutional investors and hedge funds own 89.69% of the company’s stock.
Allegion PLC (NYSE:ALLE) traded down 0.94% during mid-day trading on Friday, reaching $65.50. 509,048 shares of the company traded hands. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 28.11 and a beta of 1.07. The stock’s 50 day moving average price is $65.51 and its 200 day moving average price is $68.15. Allegion PLC has a 52 week low of $52.95 and a 52 week high of $73.49.
Allegion PLC (NYSE:ALLE) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.95 by $0.02. The company had revenue of $581.10 million for the quarter, compared to analysts’ expectations of $586.67 million. Allegion PLC had a return on equity of 327.24% and a net margin of 10.22%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. Equities analysts forecast that Allegion PLC will post $3.40 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.73%. Allegion PLC’s dividend payout ratio is presently 20.51%.
A number of analysts have recently weighed in on ALLE shares. Imperial Capital upgraded shares of Allegion PLC from an “in-line” rating to an “outperform” rating and cut their price objective for the stock from $79.00 to $72.00 in a research note on Tuesday, November 1st. Zacks Investment Research upgraded shares of Allegion PLC from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Tuesday, September 27th. TheStreet upgraded shares of Allegion PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, November 15th. Berenberg Bank started coverage on shares of Allegion PLC in a research note on Thursday, October 6th. They issued a “buy” rating and a $80.00 price objective on the stock. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Allegion PLC in a research note on Thursday, December 15th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $73.50.
In other news, insider Feng William Yu sold 11,818 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $63.52, for a total transaction of $750,679.36. Following the completion of the sale, the insider now owns 33,146 shares in the company, valued at approximately $2,105,433.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company’s stock.
About Allegion PLC
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. It operates through three segments: Americas; Europe, the Middle East, India and Africa (EMEIA), and Asia Pacific. The Company’s products include door closers and controls, electronic security products, exit devices, time, attendance and workforce productivity systems, door and door frames (steel), electronic and biometric access control systems, locks, locksets and key systems, and other accessories.
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