Rhumbline Advisers boosted its holdings in Allegion plc (NYSE:ALLE – Free Report) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 189,722 shares of the scientific and technical instruments company’s stock after acquiring an additional 10,066 shares during the quarter. Rhumbline Advisers owned about 0.22% of Allegion worth $20,249,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the business. Boston Partners raised its position in Allegion by 6.0% in the fourth quarter. Boston Partners now owns 4,035,051 shares of the scientific and technical instruments company’s stock worth $426,038,000 after acquiring an additional 227,955 shares in the last quarter. Pictet Asset Management SA raised its position in Allegion by 4.1% in the first quarter. Pictet Asset Management SA now owns 2,881,552 shares of the scientific and technical instruments company’s stock worth $307,548,000 after acquiring an additional 113,226 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Allegion by 21.9% in the first quarter. Brown Advisory Inc. now owns 1,288,874 shares of the scientific and technical instruments company’s stock valued at $137,561,000 after buying an additional 231,449 shares in the last quarter. Northern Trust Corp increased its position in shares of Allegion by 2.4% in the first quarter. Northern Trust Corp now owns 1,024,159 shares of the scientific and technical instruments company’s stock valued at $112,433,000 after buying an additional 24,162 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Allegion by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 972,181 shares of the scientific and technical instruments company’s stock valued at $102,332,000 after buying an additional 90,275 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.
Wall Street Analyst Weigh In
ALLE has been the subject of a number of research analyst reports. Robert W. Baird raised their price target on Allegion from $126.00 to $132.00 in a research report on Thursday, July 27th. StockNews.com initiated coverage on Allegion in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Barclays raised their price target on Allegion from $120.00 to $130.00 in a research report on Monday, July 10th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Allegion currently has a consensus rating of “Moderate Buy” and an average price target of $123.50.
Allegion Stock Performance
NYSE ALLE opened at $112.76 on Wednesday. The firm has a market capitalization of $9.90 billion, a P/E ratio of 19.31, a P/E/G ratio of 2.99 and a beta of 1.11. Allegion plc has a 1-year low of $87.33 and a 1-year high of $128.36. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.93 and a quick ratio of 1.20. The business’s 50-day simple moving average is $116.12 and its 200-day simple moving average is $111.42.
Allegion (NYSE:ALLE – Get Free Report) last released its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.04. The business had revenue of $912.50 million for the quarter, compared to analyst estimates of $936.25 million. Allegion had a return on equity of 59.20% and a net margin of 14.27%. The company’s revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 EPS. Equities analysts predict that Allegion plc will post 6.77 EPS for the current year.
Insider Activity
In other news, SVP Jennifer L. Hawes sold 750 shares of Allegion stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $117.50, for a total value of $88,125.00. Following the transaction, the senior vice president now directly owns 4,488 shares of the company’s stock, valued at approximately $527,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Jennifer L. Hawes sold 750 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $117.50, for a total transaction of $88,125.00. Following the sale, the senior vice president now directly owns 4,488 shares in the company, valued at approximately $527,340. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John H. Stone bought 17,500 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were bought at an average price of $116.62 per share, for a total transaction of $2,040,850.00. Following the completion of the acquisition, the chief executive officer now owns 94,248 shares in the company, valued at approximately $10,991,201.76. The disclosure for this purchase can be found here. Corporate insiders own 0.90% of the company’s stock.
About Allegion
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.
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