New York State Common Retirement Fund decreased its position in shares of Allegion plc (NYSE:ALLE – Get Rating) by 1.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 120,700 shares of the scientific and technical instruments company’s stock after selling 1,333 shares during the period. New York State Common Retirement Fund owned about 0.14% of Allegion worth $13,250,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Koshinski Asset Management Inc. grew its holdings in shares of Allegion by 17.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 596 shares of the scientific and technical instruments company’s stock worth $65,000 after acquiring an additional 90 shares during the period. State of Michigan Retirement System grew its stake in shares of Allegion by 0.4% in the 1st quarter. State of Michigan Retirement System now owns 26,544 shares of the scientific and technical instruments company’s stock worth $2,914,000 after buying an additional 93 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Allegion by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,950 shares of the scientific and technical instruments company’s stock worth $2,510,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Allegion by 1.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 5,700 shares of the scientific and technical instruments company’s stock worth $642,000 after buying an additional 100 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in shares of Allegion by 3.9% in the 1st quarter. Stratos Wealth Partners LTD. now owns 2,936 shares of the scientific and technical instruments company’s stock worth $322,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.
Wall Street Analysts Forecast Growth
ALLE has been the topic of several recent research reports. The Goldman Sachs Group cut their price target on Allegion from $140.00 to $113.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd. Bank of America downgraded Allegion from a “buy” rating to an “underperform” rating and cut their price target for the stock from $130.00 to $110.00 in a research note on Monday, July 11th. Barclays cut their price target on Allegion from $140.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. William Blair reaffirmed a “market perform” rating on shares of Allegion in a research report on Tuesday, April 26th. Finally, TheStreet cut Allegion from a “b-” rating to a “c+” rating in a research report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $123.22.
Insider Transactions at Allegion
In other news, SVP Tracy L. Kemp sold 2,544 shares of the company’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $112.55, for a total value of $286,327.20. Following the completion of the sale, the senior vice president now directly owns 10,379 shares in the company, valued at approximately $1,168,156.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Allegion news, SVP Tracy L. Kemp sold 2,544 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $112.55, for a total value of $286,327.20. Following the completion of the sale, the senior vice president now owns 10,379 shares in the company, valued at approximately $1,168,156.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Timothy P. Eckersley sold 2,046 shares of the business’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $111.32, for a total value of $227,760.72. Following the completion of the transaction, the vice president now owns 34,284 shares in the company, valued at $3,816,494.88. The disclosure for this sale can be found here. Insiders sold 6,740 shares of company stock worth $755,038 in the last three months. Corporate insiders own 0.79% of the company’s stock.
Allegion Price Performance
NYSE ALLE opened at $102.22 on Friday. The business’s fifty day moving average price is $102.24 and its 200-day moving average price is $110.03. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.37 and a beta of 1.04. The company has a debt-to-equity ratio of 2.59, a current ratio of 2.87 and a quick ratio of 2.17. Allegion plc has a 1-year low of $93.05 and a 1-year high of $148.70.
Allegion (NYSE:ALLE – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The scientific and technical instruments company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.04. The firm had revenue of $773.10 million for the quarter, compared to analysts’ expectations of $771.68 million. Allegion had a return on equity of 57.91% and a net margin of 15.89%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 EPS. On average, equities analysts predict that Allegion plc will post 5.4 earnings per share for the current year.
About Allegion
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.
Featured Articles
Receive News & Ratings for Allegion Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Allegion and related companies with MarketBeat.com’s FREE daily email newsletter.
