Three Peaks Capital Management LLC cut its position in shares of Allegion PLC (NYSE:ALLE) by 44.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,459 shares of the scientific and technical instruments company’s stock after selling 72,038 shares during the period. Three Peaks Capital Management LLC’s holdings in Allegion PLC were worth $7,176,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its stake 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 during the last quarter. First Manhattan Co. boosted its stake 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 during the last quarter. Creative Planning boosted its stake 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 during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake 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 during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Allegion PLC during the first quarter worth $174,000. Institutional investors own 93.60% of the company’s stock.

Shares of Allegion PLC (NYSE ALLE) opened at 78.17 on Friday. The stock has a 50 day moving average price of $80.56 and a 200-day moving average price of $77.14. Allegion PLC has a 52 week low of $61.47 and a 52 week high of $82.90. The firm has a market capitalization of $7.42 billion, a PE ratio of 30.24 and a beta of 1.10.

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

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A number of brokerages have recently weighed in on ALLE. Imperial Capital lifted their price objective on Allegion PLC from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Credit Suisse Group reaffirmed a “buy” rating and issued a $89.00 price objective on shares of Allegion PLC in a research note on Friday, April 28th. Zacks Investment Research cut Allegion PLC from a “buy” rating to a “hold” rating in a research note on Monday, June 12th. BidaskClub raised Allegion PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, Wolfe Research began coverage on Allegion PLC in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $86.00.

In other Allegion PLC news, insider Todd V. Graves sold 1,858 shares of Allegion PLC stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 12,084 shares in the company, valued at $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 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 value of $1,037,131.48. The disclosure for this sale can be found here. Insiders own 0.64% 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. 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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