TD Asset Management Inc. lowered its position in shares of Allegion PLC (NYSE:ALLE) by 10.9% during the second quarter, Holdings Channel reports. The fund owned 194,063 shares of the scientific and technical instruments company’s stock after selling 23,621 shares during the period. TD Asset Management Inc.’s holdings in Allegion PLC were worth $15,743,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC boosted its position in Allegion PLC by 3.8% in the fourth quarter. AQR Capital Management LLC now owns 9,685 shares of the scientific and technical instruments company’s stock worth $620,000 after buying an additional 359 shares during the last quarter. Teachers Advisors LLC boosted its position in Allegion PLC by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 251,432 shares of the scientific and technical instruments company’s stock worth $16,092,000 after buying an additional 5,619 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in Allegion PLC by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 83,393 shares of the scientific and technical instruments company’s stock worth $6,313,000 after buying an additional 2,170 shares during the last quarter. Creative Planning boosted 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. Finally, Bank of Montreal Can boosted its position in Allegion PLC by 2.5% in the first quarter. Bank of Montreal Can now owns 23,032 shares of the scientific and technical instruments company’s stock worth $1,743,000 after buying an additional 571 shares during the last quarter. Institutional investors own 92.88% of the company’s stock.

Shares of Allegion PLC (NYSE ALLE) opened at 79.28 on Friday. The stock has a market capitalization of $7.53 billion, a PE ratio of 30.67 and a beta of 1.10. Allegion PLC has a one year low of $61.47 and a one year high of $82.90. The firm has a 50 day moving average price of $80.84 and a 200 day moving average price of $76.68.

Allegion PLC (NYSE:ALLE) last posted its earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.11. The company had revenue of $627 million during 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 firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. Analysts predict that Allegion PLC will post $3.78 earnings per share for the current fiscal year.

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ALLE has been the subject of a number of recent analyst reports. Robert W. Baird cut Allegion PLC from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $80.00 to $85.00 in a report on Friday, April 28th. Credit Suisse Group restated a “buy” rating and set a $89.00 price objective on shares of Allegion PLC in a report on Friday, April 28th. Imperial Capital boosted their price objective on Allegion PLC from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Zacks Investment Research cut Allegion PLC from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Finally, BidaskClub cut Allegion PLC from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. 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 target price of $86.00.

In other Allegion PLC news, insider Timothy P. Eckersley sold 12,782 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $81.14, for a total transaction of $1,037,131.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd V. Graves sold 1,858 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $79.19, for a total value of $147,135.02. Following the transaction, the insider now owns 12,084 shares of the company’s stock, valued at $956,931.96. The disclosure for this sale can be found here. 0.64% of the stock is owned by company 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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Institutional Ownership by Quarter for Allegion PLC (NYSE:ALLE)

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