First Trust Advisors LP increased its position in Allegion PLC (NYSE:ALLE) by 242.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 322,455 shares of the scientific and technical instruments company’s stock after buying an additional 228,342 shares during the period. First Trust Advisors LP’s holdings in Allegion PLC were worth $26,158,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ALLE. Tower Research Capital LLC TRC increased its position in shares of 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 in the last quarter. First Manhattan Co. increased its position in shares of 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 in the last quarter. Creative Planning increased its position in shares of 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 in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Allegion PLC during the first quarter worth $174,000. Institutional investors and hedge funds own 93.60% of the company’s stock.

Shares of Allegion PLC (NYSE ALLE) opened at 79.29 on Thursday. Allegion PLC has a 52-week low of $61.47 and a 52-week high of $82.90. The company’s 50-day moving average price is $80.68 and its 200-day moving average price is $77.04. The firm has a market cap of $7.53 billion, a PE ratio of 30.67 and a beta of 1.10.

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

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/08/17/first-trust-advisors-lp-buys-228342-shares-of-allegion-plc-alle.html.

ALLE has been the topic of a number of research analyst reports. BidaskClub upgraded Allegion PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research raised Allegion PLC from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Friday, June 30th. Credit Suisse Group reissued a “buy” rating and set a $89.00 price objective on shares of Allegion PLC in a research report on Friday, April 28th. Wolfe Research assumed coverage on Allegion PLC in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Finally, Robert W. Baird cut Allegion PLC from an “outperform” rating to a “neutral” rating and lifted their price objective for the company 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 assigned a buy rating to the company’s stock. The company presently 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 Allegion PLC stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $79.19, for a total value of $147,135.02. Following the completion of the sale, the insider now directly owns 12,084 shares in the company, valued at $956,931.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Timothy P. Eckersley sold 12,782 shares of Allegion PLC stock in a transaction that occurred on 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. 0.64% of the stock is currently owned by 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.

Want to see what other hedge funds are holding ALLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allegion PLC (NYSE:ALLE).

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

Receive News & Ratings for Allegion PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion PLC and related companies with MarketBeat.com's FREE daily email newsletter.