6,797 Shares in Allegion PLC (ALLE) Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new position in Allegion PLC (NYSE:ALLE) during the first quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,797 shares of the scientific and technical instruments company’s stock, valued at approximately $515,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Allegion PLC by 3.9% in the first quarter. Vanguard Group Inc. now owns 9,120,260 shares of the scientific and technical instruments company’s stock valued at $690,404,000 after buying an additional 338,508 shares during the last quarter. BlackRock Inc. raised its position 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 valued at $394,319,000 after buying an additional 5,112,297 shares during the last quarter. State Street Corp raised its position 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 valued at $383,121,000 after buying an additional 538,262 shares during the last quarter. American Century Companies Inc. raised its position 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 valued at $142,826,000 after buying an additional 350,948 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its position 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 valued at $97,940,000 after buying an additional 893,759 shares during the last quarter. 90.69% of the stock is currently owned by institutional investors.

Shares of Allegion PLC (NYSE ALLE) traded down 0.84% on Friday, reaching $80.41. The company’s stock had a trading volume of 401,381 shares. Allegion PLC has a 12 month low of $61.47 and a 12 month high of $82.90. The stock has a market cap of $7.66 billion, a P/E ratio of 32.57 and a beta of 1.11. The firm’s 50-day moving average price is $80.52 and its 200-day moving average price is $75.12.

Allegion PLC (NYSE:ALLE) last posted its quarterly earnings data on Thursday, April 27th. The scientific and technical instruments company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. The firm had revenue of $548.80 million during the quarter, compared to analysts’ expectations of $536.97 million. Allegion PLC had a return on equity of 234.79% and a net margin of 10.50%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. On average, analysts forecast that Allegion PLC will post $3.73 earnings per share for the current fiscal year.

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Several analysts have commented on the stock. Imperial Capital lifted their price objective 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. Credit Suisse Group AG reissued a “buy” rating and issued a $89.00 target price on shares of Allegion PLC in a research note on Friday, April 28th. Zacks Investment Research cut shares of Allegion PLC from a “buy” rating to a “hold” rating in a research note on Monday, June 12th. BidaskClub raised shares of Allegion PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Wolfe Research initiated coverage on shares of Allegion PLC in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $86.00.

In other Allegion PLC news, insider Jeffrey M. Wood sold 4,071 shares of Allegion PLC stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $79.87, for a total transaction of $325,150.77. Following the completion of the transaction, the insider now owns 1,938 shares in the company, valued at approximately $154,788.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey N. Braun sold 7,455 shares of Allegion PLC stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $79.46, for a total value of $592,374.30. Following the completion of the transaction, the senior vice president now owns 7,250 shares of the company’s stock, valued at approximately $576,085. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,384 shares of company stock valued at $1,064,660. 0.64% of the stock is currently owned by insiders.

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.

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

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