Allegion PLC (NYSE:ALLE) Shares Bought by Sei Investments Co.
Sei Investments Co. increased its stake in Allegion PLC (NYSE:ALLE) by 52.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 142,797 shares of the scientific and technical instruments company’s stock after buying an additional 49,135 shares during the period. Sei Investments Co.’s holdings in Allegion PLC were worth $11,585,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Braun Stacey Associates Inc. bought a new position in Allegion PLC during the second quarter valued at $7,922,000. Egerton Capital UK LLP bought a new position in Allegion PLC during the second quarter valued at $102,557,000. River Wealth Advisors LLC boosted its position in Allegion PLC by 12.9% in the second quarter. River Wealth Advisors LLC now owns 18,187 shares of the scientific and technical instruments company’s stock valued at $1,475,000 after buying an additional 2,076 shares during the period. Daiwa Securities Group Inc. bought a new position in Allegion PLC during the second quarter valued at $223,000. Finally, Bessemer Group Inc. boosted its position in Allegion PLC by 42.9% in the second quarter. Bessemer Group Inc. now owns 1,335,017 shares of the scientific and technical instruments company’s stock valued at $108,297,000 after buying an additional 400,516 shares during the period. Institutional investors own 92.88% of the company’s stock.
Allegion PLC (ALLE) opened at 80.59 on Thursday. Allegion PLC has a 12 month low of $61.47 and a 12 month high of $82.90. The firm’s 50-day moving average is $80.97 and its 200-day moving average is $76.57. The company has a market capitalization of $7.65 billion, a PE ratio of 31.18 and a beta of 1.10.
Allegion PLC (NYSE:ALLE) last issued its quarterly earnings data on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.11. The business had revenue of $627 million for the quarter, compared to analysts’ expectations of $613.37 million. Allegion PLC had a return on equity of 198.25% and a net margin of 10.76%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. Equities analysts anticipate that Allegion PLC will post $3.78 EPS for the current fiscal year.
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Several research firms recently weighed in on ALLE. BidaskClub cut shares of Allegion PLC from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Wolfe Research began coverage on shares of Allegion PLC in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. Zacks Investment Research upgraded shares of Allegion PLC from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Friday, June 30th. Finally, Imperial Capital increased their price target on shares of Allegion PLC from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Allegion PLC has an average rating of “Buy” and an average price target of $86.00.
In other news, insider Todd V. Graves sold 1,858 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $79.19, for a total transaction of $147,135.02. Following the sale, the insider now directly owns 12,084 shares of the company’s stock, valued at approximately $956,931.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy P. Eckersley sold 12,782 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $81.14, for a total value of $1,037,131.48. The disclosure for this sale can be found here. 0.64% of the stock is owned by corporate insiders.
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. 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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