Bp Plc Takes $996,000 Position in Allegion PLC (ALLE)

Bp Plc bought a new stake in shares of Allegion PLC (NYSE:ALLE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,000 shares of the scientific and technical instruments company’s stock, valued at approximately $996,000.

Several other large investors have also bought and sold shares of the company. Standard Life Aberdeen plc grew its position in shares of Allegion by 3.7% during the 2nd quarter. Standard Life Aberdeen plc now owns 2,280,914 shares of the scientific and technical instruments company’s stock valued at $176,464,000 after acquiring an additional 80,338 shares during the period. Bessemer Group Inc. grew its position in shares of Allegion by 48.4% during the 2nd quarter. Bessemer Group Inc. now owns 2,021,981 shares of the scientific and technical instruments company’s stock valued at $156,420,000 after acquiring an additional 659,335 shares during the period. Tesco Pension Investment Ltd grew its position in shares of Allegion by 428.5% during the 2nd quarter. Tesco Pension Investment Ltd now owns 1,219,558 shares of the scientific and technical instruments company’s stock valued at $94,345,000 after acquiring an additional 988,781 shares during the period. American Century Companies Inc. grew its position in shares of Allegion by 2.9% during the 3rd quarter. American Century Companies Inc. now owns 1,164,725 shares of the scientific and technical instruments company’s stock valued at $105,489,000 after acquiring an additional 32,880 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Allegion by 1.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,080,182 shares of the scientific and technical instruments company’s stock valued at $97,832,000 after buying an additional 11,744 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Shares of Allegion stock opened at $90.42 on Friday. The stock has a market capitalization of $8.47 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.55 and a beta of 1.05. Allegion PLC has a twelve month low of $73.85 and a twelve month high of $92.87. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.22 and a current ratio of 1.79.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, October 25th. The scientific and technical instruments company reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.02. Allegion had a net margin of 11.75% and a return on equity of 85.03%. The firm had revenue of $711.50 million for the quarter, compared to analyst estimates of $699.07 million. Sell-side analysts forecast that Allegion PLC will post 4.49 EPS for the current year.

In other Allegion news, insider Douglas P. Ranck sold 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $89.78, for a total value of $287,296.00. Following the transaction, the insider now directly owns 10,348 shares of the company’s stock, valued at approximately $929,043.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.75% of the company’s stock.

A number of research analysts recently weighed in on ALLE shares. Credit Suisse Group started coverage on shares of Allegion in a research note on Friday, October 12th. They issued an “outperform” rating and a $96.00 price target on the stock. Wells Fargo & Co raised their price target on shares of Allegion from $96.00 to $99.00 and gave the company an “outperform” rating in a research note on Friday, October 26th. Zacks Investment Research raised shares of Allegion from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Morgan Stanley started coverage on shares of Allegion in a research note on Monday, August 20th. They issued an “equal weight” rating and a $88.00 price target on the stock. Finally, ValuEngine raised shares of Allegion from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $95.50.

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About Allegion

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers locks, locksets, portable locks, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door frames; and other accessories.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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