Ameriprise Financial Inc. Grows Position in Allegion PLC (ALLE)

Ameriprise Financial Inc. increased its holdings in shares of Allegion PLC (NYSE:ALLE) by 27.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,312 shares of the scientific and technical instruments company’s stock after acquiring an additional 33,173 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.16% of Allegion PLC worth $12,600,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ALLE. BlackRock Inc. raised its stake in Allegion PLC by 5,286.4% during 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 acquiring an additional 5,112,297 shares during the period. Egerton Capital UK LLP acquired a new stake in Allegion PLC during the second quarter worth about $102,557,000. Alliancebernstein L.P. raised its stake in Allegion PLC by 92.2% during the second quarter. Alliancebernstein L.P. now owns 1,645,398 shares of the scientific and technical instruments company’s stock worth $133,475,000 after acquiring an additional 789,183 shares during the period. State Street Corp raised its stake in Allegion PLC by 11.9% during 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 acquiring an additional 538,262 shares during the period. Finally, Bessemer Group Inc. raised its stake in Allegion PLC by 42.9% during the second quarter. Bessemer Group Inc. now owns 1,335,017 shares of the scientific and technical instruments company’s stock worth $108,297,000 after acquiring an additional 400,516 shares during the period. Hedge funds and other institutional investors own 89.86% of the company’s stock.

Several equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Allegion PLC from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Robert W. Baird set a $85.00 price objective on shares of Allegion PLC and gave the stock a “hold” rating in a research note on Thursday, August 24th. Finally, Wolfe Research assumed coverage on shares of Allegion PLC in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $86.33.

TRADEMARK VIOLATION WARNING: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/09/ameriprise-financial-inc-grows-position-in-allegion-plc-alle.html.

Shares of Allegion PLC (NYSE:ALLE) opened at 87.19 on Monday. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 33.73 and a beta of 1.13. The company’s 50-day moving average is $81.91 and its 200 day moving average is $79.54. Allegion PLC has a 1-year low of $61.47 and a 1-year high of $87.76.

Allegion PLC (NYSE:ALLE) last issued its earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share for the quarter, beating the 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 business had revenue of $627.00 million for the quarter, compared to analyst estimates of $613.37 million. During the same period in the previous year, the business earned $0.99 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts expect that Allegion PLC will post $3.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.64 annualized dividend and a dividend yield of 0.73%. Allegion PLC’s dividend payout ratio (DPR) is currently 24.62%.

In related news, insider Timothy P. Eckersley sold 12,782 shares of Allegion PLC stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $81.14, for a total transact

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ALLE. BlackRock Inc. raised its stake in Allegion PLC by 5,286.4% during 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 acquiring an additional 5,112,297 shares during the period. Egerton Capital UK LLP acquired a new stake in Allegion PLC during the second quarter worth about $102,557,000. Alliancebernstein L.P. raised its stake in Allegion PLC by 92.2% during the second quarter. Alliancebernstein L.P. now owns 1,645,398 shares of the scientific and technical instruments company’s stock worth $133,475,000 after acquiring an additional 789,183 shares during the period. State Street Corp raised its stake in Allegion PLC by 11.9% during 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 acquiring an additional 538,262 shares during the period. Finally, Bessemer Group Inc. raised its stake in Allegion PLC by 42.9% during the second quarter. Bessemer Group Inc. now owns 1,335,017 shares of the scientific and technical instruments company’s stock worth $108,297,000 after acquiring an additional 400,516 shares during the period. Hedge funds and other institutional investors own 89.86% of the company’s stock.

Several equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Allegion PLC from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Robert W. Baird set a $85.00 price objective on shares of Allegion PLC and gave the stock a “hold” rating in a research note on Thursday, August 24th. Finally, Wolfe Research assumed coverage on shares of Allegion PLC in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $86.33.

TRADEMARK VIOLATION WARNING: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/09/ameriprise-financial-inc-grows-position-in-allegion-plc-alle.html.

Shares of Allegion PLC (NYSE:ALLE) opened at 87.19 on Monday. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 33.73 and a beta of 1.13. The company’s 50-day moving average is $81.91 and its 200 day moving average is $79.54. Allegion PLC has a 1-year low of $61.47 and a 1-year high of $87.76.

Allegion PLC (NYSE:ALLE) last issued its earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share for the quarter, beating the 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 business had revenue of $627.00 million for the quarter, compared to analyst estimates of $613.37 million. During the same period in the previous year, the business earned $0.99 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts expect that Allegion PLC will post $3.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.64 annualized dividend and a dividend yield of 0.73%. Allegion PLC’s dividend payout ratio (DPR) is currently 24.62%.

In related news, insider Timothy P. Eckersley sold 12,782 shares of Allegion PLC stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $81.14, for a total transaction of $1,037,131.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is currently owned by insiders.

Allegion PLC 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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