Axiom International Investors LLC DE Boosts Stake in Allegion PLC (ALLE)

Axiom International Investors LLC DE lifted its position in Allegion PLC (NYSE:ALLE) by 4.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 530,217 shares of the scientific and technical instruments company’s stock after purchasing an additional 21,680 shares during the quarter. Axiom International Investors LLC DE owned 0.56% of Allegion worth $45,848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. boosted its holdings in shares of Allegion by 94.2% in the 3rd quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock worth $107,000 after purchasing an additional 600 shares in the last quarter. YorkBridge Wealth Partners LLC purchased a new position in shares of Allegion in the 3rd quarter worth about $107,000. Tredje AP fonden purchased a new position in shares of Allegion in the 2nd quarter worth about $105,000. QS Investors LLC boosted its holdings in shares of Allegion by 1.2% in the 2nd quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock worth $106,000 after purchasing an additional 16 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its holdings in shares of Allegion by 75.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the scientific and technical instruments company’s stock worth $114,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 90.95% of the company’s stock.

Shares of Allegion PLC (NYSE ALLE) opened at $82.92 on Monday. Allegion PLC has a 52 week low of $63.71 and a 52 week 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 firm has a market capitalization of $7,880.97, a PE ratio of 22.59, a PEG ratio of 1.55 and a beta of 1.10.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.02. Allegion had a return on equity of 154.50% and a net margin of 14.37%. The company had revenue of $609.40 million during the quarter, compared to analyst estimates of $622.18 million. During the same quarter in the previous year, the company posted $0.93 EPS. Allegion’s revenue for the quarter was up 4.9% on a year-over-year basis. analysts expect that Allegion PLC will post 3.79 earnings per share for the current year.

A number of research firms have recently weighed in on ALLE. Robert W. Baird set a $85.00 target price on Allegion and gave the company a “hold” rating in a research note on Thursday, August 24th. BidaskClub raised Allegion from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Wolfe Research raised Allegion from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Zacks Investment Research lowered Allegion from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $100.00 target price (up previously from $90.00) on shares of Allegion in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $89.75.

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About Allegion

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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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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