State of Wisconsin Investment Board raised its stake in Allegion PLC (NYSE:ALLE) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,260 shares of the scientific and technical instruments company’s stock after acquiring an additional 6,612 shares during the period. State of Wisconsin Investment Board owned 0.09% of Allegion PLC worth $7,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Stevens Capital Management LP acquired a new position in Allegion PLC in the third quarter valued at $2,917,000. Kornitzer Capital Management Inc. KS acquired a new position in Allegion PLC in the third quarter valued at $17,061,000. State Board of Administration of Florida Retirement System boosted its stake in Allegion PLC by 0.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 142,094 shares of the scientific and technical instruments company’s stock valued at $12,287,000 after acquiring an additional 710 shares in the last quarter. Wedbush Securities Inc. boosted its stake in Allegion PLC by 117.7% in the third quarter. Wedbush Securities Inc. now owns 6,837 shares of the scientific and technical instruments company’s stock valued at $591,000 after acquiring an additional 3,697 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its stake in Allegion PLC by 9.0% in the third quarter. Dupont Capital Management Corp now owns 198,581 shares of the scientific and technical instruments company’s stock valued at $17,171,000 after acquiring an additional 16,406 shares in the last quarter. Institutional investors own 89.68% of the company’s stock.

Several equities analysts have issued reports on the stock. Wells Fargo & Company restated an “outperform” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Allegion PLC in a research note on Wednesday, October 18th. BidaskClub downgraded shares of Allegion PLC from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Robert W. Baird reiterated a “hold” rating on shares of Allegion PLC in a research note on Tuesday, September 26th. Zacks Investment Research downgraded shares of Allegion PLC from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Wolfe Research upgraded shares of Allegion PLC from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $89.75.

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Shares of Allegion PLC (ALLE) opened at $82.65 on Friday. Allegion PLC has a 12 month low of $63.71 and a 12 month high of $89.81. The firm has a market cap of $7,855.30, a PE ratio of 22.52, a PEG ratio of 1.55 and a beta of 1.10. The company has a current ratio of 2.14, a quick ratio of 1.54 and a debt-to-equity ratio of 3.79.

Allegion PLC (NYSE:ALLE) last announced its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, hitting the consensus estimate of $1.02. Allegion PLC had a net margin of 14.37% and a return on equity of 154.50%. The business had revenue of $609.40 million during the quarter, compared to the consensus estimate of $622.18 million. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. research analysts expect that Allegion PLC will post 3.79 EPS for the current fiscal year.

Allegion PLC 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.

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

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