Steward Partners Investment Advisory LLC Grows Stock Holdings in Allegion plc (NYSE:ALLE)

Steward Partners Investment Advisory LLC lifted its stake in shares of Allegion plc (NYSE:ALLE – Get Rating) by 113.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 388 shares of the scientific and technical instruments company’s stock after buying an additional 206 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Allegion were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC increased its holdings in Allegion by 75.0% during the first quarter. CWM LLC now owns 294 shares of the scientific and technical instruments company’s stock valued at $32,000 after buying an additional 126 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in Allegion by 2,621.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 381 shares of the scientific and technical instruments company’s stock valued at $50,000 after purchasing an additional 367 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in Allegion by 17.8% during the first quarter. Koshinski Asset Management Inc. now owns 596 shares of the scientific and technical instruments company’s stock valued at $65,000 after purchasing an additional 90 shares during the last quarter. Bank of New Hampshire bought a new position in Allegion during the first quarter valued at $76,000. Finally, Cornerstone Advisory LLC bought a new stake in shares of Allegion in the 4th quarter worth about $81,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ALLE. Wells Fargo & Company reduced their price target on shares of Allegion from $115.00 to $114.00 and set an “overweight” rating on the stock in a research note on Monday. Morgan Stanley lifted their price objective on shares of Allegion from $115.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Friday, July 29th. Barclays lowered their target price on shares of Allegion from $140.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, July 8th. Mizuho decreased their price objective on shares of Allegion from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, July 18th. Finally, William Blair restated a “market perform” rating on shares of Allegion in a research note on Tuesday, April 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Allegion has a consensus rating of “Hold” and a consensus target price of $123.22.

Insider Transactions at Allegion

In other news, SVP Robert C. Martens sold 2,150 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $112.07, for a total transaction of $240,950.50. Following the sale, the senior vice president now owns 5,433 shares of the company’s stock, valued at $608,876.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Robert C. Martens sold 2,150 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $112.07, for a total value of $240,950.50. Following the sale, the senior vice president now owns 5,433 shares of the company’s stock, valued at $608,876.31. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Timothy P. Eckersley sold 2,046 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $111.32, for a total transaction of $227,760.72. Following the completion of the sale, the vice president now directly owns 34,284 shares in the company, valued at approximately $3,816,494.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,740 shares of company stock valued at $755,038. 0.79% of the stock is currently owned by corporate insiders.

Allegion Trading Down 0.3 %

Shares of ALLE stock opened at $103.24 on Friday. The company has a debt-to-equity ratio of 2.59, a current ratio of 2.87 and a quick ratio of 2.17. The firm has a market cap of $9.07 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 2.36 and a beta of 1.04. The company has a 50-day moving average of $102.47 and a two-hundred day moving average of $110.27. Allegion plc has a 1-year low of $93.05 and a 1-year high of $148.70.

Allegion (NYSE:ALLE – Get Rating) last announced its earnings results on Thursday, July 28th. The scientific and technical instruments company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.04. The company had revenue of $773.10 million during the quarter, compared to analyst estimates of $771.68 million. Allegion had a net margin of 15.89% and a return on equity of 57.91%. Allegion’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.32 earnings per share. On average, analysts predict that Allegion plc will post 5.4 EPS for the current year.

About Allegion

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Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, 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 and door systems; and other accessories.

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