Allegion PLC (ALLE) Stake Held by NBT Bank N A NY
NBT Bank N A NY continued to hold its position in shares of Allegion PLC (NYSE:ALLE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,266 shares of the scientific and technical instruments company’s stock at the end of the second quarter. NBT Bank N A NY’s holdings in Allegion PLC were worth $265,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position 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 valued at $107,000 after buying an additional 959 shares in the last quarter. First Manhattan Co. increased its position 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 valued at $152,000 after buying an additional 750 shares in the last quarter. Creative Planning increased its position 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 valued at $157,000 after buying an additional 205 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position 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 valued at $171,000 after buying an additional 59 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Allegion PLC during the first quarter valued at about $174,000. 89.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Allegion PLC (ALLE) opened at 78.30 on Thursday. The firm has a 50-day moving average of $80.05 and a 200 day moving average of $77.53. The firm has a market cap of $7.44 billion, a PE ratio of 30.29 and a beta of 1.10. Allegion PLC has a 52-week low of $61.47 and a 52-week high of $82.90.
Allegion PLC (NYSE:ALLE) last issued its quarterly earnings data on Thursday, July 27th. The scientific and technical instruments company reported $1.11 EPS for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $613.37 million. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Allegion PLC’s revenue was up 7.2% on a year-over-year basis. On average, equities analysts predict that Allegion PLC will post $3.78 earnings per share for the current year.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Allegion PLC from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a report on Friday, June 30th. BidaskClub downgraded shares of Allegion PLC from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Robert W. Baird set a $85.00 price target on shares of Allegion PLC and gave the company a “hold” rating in a report on Thursday, August 24th. Imperial Capital lifted their price target on shares of Allegion PLC from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Finally, Wolfe Research began coverage on shares of Allegion PLC in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $86.00.
In other news, insider Todd V. Graves sold 1,858 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $79.19, for a total transaction of $147,135.02. Following the completion of the transaction, the insider now owns 12,084 shares of the company’s stock, valued at $956,931.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timothy P. Eckersley sold 12,782 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was 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. 0.64% of the stock is currently owned by insiders.
Allegion PLC Company 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.
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