State Board of Administration of Florida Retirement System boosted its holdings in shares of Allegion PLC (NYSE:ALLE) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,094 shares of the scientific and technical instruments company’s stock after buying an additional 710 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.15% of Allegion PLC worth $12,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Wedbush Securities Inc. increased its holdings in shares of 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 purchasing an additional 3,697 shares during the period. Dupont Capital Management Corp increased its holdings in shares of 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 purchasing an additional 16,406 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Allegion PLC in the third quarter valued at about $247,000. YorkBridge Wealth Partners LLC acquired a new position in shares of Allegion PLC in the third quarter valued at about $107,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Allegion PLC in the third quarter valued at about $613,000. 90.22% of the stock is currently owned by institutional investors.

A number of brokerages have recently weighed in on ALLE. Robert W. Baird reissued a “hold” rating on shares of Allegion PLC in a report on Tuesday, September 26th. Zacks Investment Research lowered Allegion PLC from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Wolfe Research raised Allegion PLC from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. BidaskClub lowered Allegion PLC from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $100.00 price objective (up from $90.00) on shares of Allegion PLC in a report on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $89.75.

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Shares of Allegion PLC (NYSE ALLE) opened at $83.13 on Friday. Allegion PLC has a one year low of $63.71 and a one year high of $89.81. The company has a quick ratio of 1.54, a current ratio of 2.14 and a debt-to-equity ratio of 3.79. The company has a market capitalization of $7,801.10, a PE ratio of 22.36, a PEG ratio of 1.54 and a beta of 1.10.

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

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

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