Andra AP fonden raised its holdings in shares of Allegion PLC (NYSE:ALLE) by 23.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,800 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,400 shares during the period. Andra AP fonden’s holdings in Allegion were worth $1,159,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Standard Life Aberdeen plc increased its holdings in shares of Allegion by 3.7% during the 2nd quarter. Standard Life Aberdeen plc now owns 2,280,914 shares of the scientific and technical instruments company’s stock valued at $176,464,000 after purchasing an additional 80,338 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Allegion by 48.4% during the 2nd quarter. Bessemer Group Inc. now owns 2,021,981 shares of the scientific and technical instruments company’s stock valued at $156,420,000 after purchasing an additional 659,335 shares in the last quarter. Tesco Pension Investment Ltd increased its holdings in shares of Allegion by 428.5% during the 2nd quarter. Tesco Pension Investment Ltd now owns 1,219,558 shares of the scientific and technical instruments company’s stock valued at $94,345,000 after purchasing an additional 988,781 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Allegion by 81.4% during the 2nd quarter. American Century Companies Inc. now owns 1,131,845 shares of the scientific and technical instruments company’s stock valued at $87,560,000 after purchasing an additional 508,048 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its holdings in shares of Allegion by 0.4% during the 2nd quarter. Congress Asset Management Co. MA now owns 994,318 shares of the scientific and technical instruments company’s stock valued at $76,920,000 after purchasing an additional 4,294 shares in the last quarter. 94.56% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Douglas P. Ranck sold 3,200 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $89.78, for a total value of $287,296.00. Following the completion of the sale, the insider now owns 10,348 shares of the company’s stock, valued at approximately $929,043.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.75% of the stock is currently owned by insiders.

ALLE has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Allegion from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Monday, July 16th. Morgan Stanley initiated coverage on shares of Allegion in a report on Monday, August 20th. They issued an “equal weight” rating and a $88.00 price target for the company. ValuEngine raised shares of Allegion from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Wells Fargo & Co boosted their price target on shares of Allegion from $96.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Credit Suisse Group initiated coverage on shares of Allegion in a report on Friday, October 12th. They issued an “outperform” rating and a $96.00 price target for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $94.83.

Shares of NYSE ALLE opened at $82.71 on Monday. The firm has a market capitalization of $7.86 billion, a P/E ratio of 18.84, a P/E/G ratio of 1.41 and a beta of 1.07. The company has a quick ratio of 1.24, a current ratio of 1.79 and a debt-to-equity ratio of 2.37. Allegion PLC has a one year low of $73.85 and a one year high of $92.87.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, October 25th. The scientific and technical instruments company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.21 by $0.02. The company had revenue of $711.50 million during the quarter, compared to analyst estimates of $699.07 million. Allegion had a net margin of 11.75% and a return on equity of 85.03%. Equities research analysts expect that Allegion PLC will post 4.48 earnings per share for the current year.

About Allegion

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers locks, locksets, portable locks, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door frames; and other accessories.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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