Louisiana State Employees Retirement System continued to hold its stake in Allegion PLC (NYSE:ALLE) during the second quarter, Holdings Channel reports. The fund owned 5,900 shares of the scientific and technical instruments company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Allegion PLC were worth $479,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Allegion PLC by 5,286.4% in the first quarter. BlackRock Inc. now owns 5,209,003 shares of the scientific and technical instruments company’s stock worth $394,319,000 after buying an additional 5,112,297 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in Allegion PLC by 223.4% in the first quarter. Artisan Partners Limited Partnership now owns 1,293,790 shares of the scientific and technical instruments company’s stock worth $97,940,000 after buying an additional 893,759 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Allegion PLC by 131.1% in the first quarter. TIAA CREF Investment Management LLC now owns 1,042,666 shares of the scientific and technical instruments company’s stock worth $78,930,000 after buying an additional 591,517 shares during the last quarter. State Street Corp boosted its stake in Allegion PLC by 11.9% in the first quarter. State Street Corp now owns 5,061,071 shares of the scientific and technical instruments company’s stock worth $383,121,000 after buying an additional 538,262 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Allegion PLC by 22.9% in the first quarter. American Century Companies Inc. now owns 1,886,732 shares of the scientific and technical instruments company’s stock worth $142,826,000 after buying an additional 350,948 shares during the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

Allegion PLC (NYSE ALLE) traded up 0.46% during trading on Friday, reaching $79.28. The company’s stock had a trading volume of 354,138 shares. 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 $80.84 and its 200 day moving average price is $76.68. The company has a market cap of $7.53 billion, a P/E ratio of 30.67 and a beta of 1.10.

Allegion PLC (NYSE:ALLE) last posted its quarterly earnings data on Thursday, July 27th. The scientific and technical instruments company reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate 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 prior year, the business posted $0.99 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that Allegion PLC will post $3.78 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://theolympiareport.com/2017/08/12/louisiana-state-employees-retirement-system-has-479000-position-in-allegion-plc-alle.html.

A number of analysts recently issued reports on ALLE shares. 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. Robert W. Baird lowered Allegion PLC from an “outperform” rating to a “neutral” rating and raised their target price for the company from $80.00 to $85.00 in a report on Friday, April 28th. Imperial Capital raised their target price on Allegion PLC from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Zacks Investment Research lowered Allegion PLC from a “buy” rating to a “hold” rating in a report on Monday, June 12th. Finally, BidaskClub upgraded Allegion PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $86.00.

In related news, insider Timothy P. Eckersley sold 12,782 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $81.14, for a total value of $1,037,131.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Todd V. Graves sold 1,858 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $79.19, for a total transaction of $147,135.02. Following the completion of the sale, the insider now owns 12,084 shares of the company’s stock, valued at $956,931.96. The disclosure for this sale can be found here. Corporate 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.

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 Analyst Ratings Network's FREE daily email newsletter.