Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Allegion PLC (NYSE:ALLE) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,900 shares of the scientific and technical instruments company’s stock, valued at approximately $534,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ALLE. Dupont Capital Management Corp lifted its holdings in Allegion by 5.9% during the 3rd quarter. Dupont Capital Management Corp now owns 173,032 shares of the scientific and technical instruments company’s stock worth $15,672,000 after buying an additional 9,595 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Allegion by 84.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 14,100 shares of the scientific and technical instruments company’s stock worth $1,277,000 after buying an additional 6,471 shares in the last quarter. Pendal Group Ltd lifted its holdings in Allegion by 39.6% during the 3rd quarter. Pendal Group Ltd now owns 27,268 shares of the scientific and technical instruments company’s stock worth $2,470,000 after buying an additional 7,732 shares in the last quarter. BP PLC acquired a new position in Allegion during the 3rd quarter worth $996,000. Finally, American Century Companies Inc. lifted its holdings in Allegion by 2.9% during the 3rd quarter. American Century Companies Inc. now owns 1,164,725 shares of the scientific and technical instruments company’s stock worth $105,489,000 after buying an additional 32,880 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company’s stock.

ALLE stock opened at $89.44 on Tuesday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.22 and a current ratio of 1.79. The firm has a market capitalization of $8.49 billion, a PE ratio of 22.59, a P/E/G ratio of 1.55 and a beta of 1.05. Allegion PLC has a twelve month low of $73.85 and a twelve month high of $92.87.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, October 25th. The scientific and technical instruments company reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.02. The company had revenue of $711.50 million for the quarter, compared to the consensus estimate of $699.07 million. Allegion had a return on equity of 85.03% and a net margin of 11.75%. On average, analysts expect that Allegion PLC will post 4.49 earnings per share for the current fiscal year.

In other news, insider Douglas P. Ranck sold 3,200 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $89.78, for a total value of $287,296.00. Following the transaction, the insider now owns 10,348 shares of the company’s stock, valued at approximately $929,043.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.75% of the company’s stock.

ALLE has been the topic of several research reports. Zacks Investment Research raised Allegion from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Monday, October 29th. Morgan Stanley initiated coverage on Allegion in a report on Monday, August 20th. They set an “equal weight” rating and a $88.00 price objective on the stock. Wells Fargo & Co upped their price objective on Allegion from $96.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. Finally, Credit Suisse Group initiated coverage on Allegion in a report on Friday, October 12th. They set an “outperform” rating and a $96.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $95.50.

TRADEMARK VIOLATION NOTICE: “5,900 Shares in Allegion PLC (ALLE) Purchased by Skandinaviska Enskilda Banken AB publ” was first posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The original version of this piece can be read at https://www.dailypolitical.com/2018/11/20/5900-shares-in-allegion-plc-alle-purchased-by-skandinaviska-enskilda-banken-ab-publ.html.

Allegion Company Profile

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.

Featured Article: What is Considered a Good Return on Equity (ROE)?

Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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