Russell Investments Group Ltd. boosted its position in shares of Allegion PLC (NYSE:ALLE) by 8.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,755 shares of the scientific and technical instruments company’s stock after buying an additional 12,565 shares during the period. Russell Investments Group Ltd.’s holdings in Allegion PLC were worth $12,549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position 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 worth $107,000 after buying an additional 959 shares during the last quarter. First Manhattan Co. raised its position 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 worth $152,000 after buying an additional 750 shares during the last quarter. Creative Planning raised its position 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 worth $157,000 after buying an additional 205 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 worth $171,000 after buying an additional 59 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in Allegion PLC during the first quarter worth $174,000. 92.88% of the stock is currently owned by institutional investors.

Shares of Allegion PLC (NYSE ALLE) traded up 0.46% during mid-day trading on Friday, reaching $79.28. 354,138 shares of the company’s stock traded hands. 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 $7.53 billion, a price-to-earnings ratio of 30.67 and a beta of 1.10. The firm’s 50 day moving average price is $80.84 and its 200-day moving average price is $76.68.

Allegion PLC (NYSE:ALLE) last announced its quarterly earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.11. The firm had revenue of $627 million for the quarter, compared to the consensus estimate of $613.37 million. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 EPS. Equities research analysts forecast that Allegion PLC will post $3.78 earnings per share for the current year.

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ALLE has been the topic of a number of recent analyst reports. BidaskClub raised shares of Allegion PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised 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. Credit Suisse Group reissued a “buy” rating and set a $89.00 price target on shares of Allegion PLC in a research report on Friday, April 28th. Wolfe Research initiated coverage on shares of Allegion PLC in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Finally, Robert W. Baird lowered shares of Allegion PLC from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $80.00 to $85.00 in a research report on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Allegion PLC has a consensus rating of “Buy” and an average target price of $86.00.

In other news, insider Todd V. Graves sold 1,858 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $79.19, for a total transaction of $147,135.02. Following the sale, the insider now 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 SEC, which is accessible through this hyperlink. Also, insider Timothy P. Eckersley sold 12,782 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $81.14, for a total transaction of $1,037,131.48. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

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.

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Institutional Ownership by Quarter for Allegion PLC (NYSE:ALLE)

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