21,596 Shares in Allegion PLC (NYSE:ALLE) Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new position in shares of Allegion PLC (NYSE:ALLE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 21,596 shares of the scientific and technical instruments company's stock, valued at approximately $2,817,000.

A number of other institutional investors have also recently added to or reduced their stakes in ALLE. Dynasty Wealth Management LLC raised its position in Allegion by 2.8% in the first quarter. Dynasty Wealth Management LLC now owns 4,030 shares of the scientific and technical instruments company's stock valued at $526,000 after purchasing an additional 109 shares during the period. Verdence Capital Advisors LLC raised its position in Allegion by 61.5% in the first quarter. Verdence Capital Advisors LLC now owns 4,025 shares of the scientific and technical instruments company's stock valued at $525,000 after purchasing an additional 1,533 shares during the period. Parcion Private Wealth LLC purchased a new stake in Allegion in the first quarter valued at $253,000. Larson Financial Group LLC raised its holdings in shares of Allegion by 56.8% in the 1st quarter. Larson Financial Group LLC now owns 4,342 shares of the scientific and technical instruments company's stock valued at $566,000 after buying an additional 1,572 shares during the period. Finally, Wealthfront Advisers LLC raised its holdings in shares of Allegion by 7.8% in the 1st quarter. Wealthfront Advisers LLC now owns 2,618 shares of the scientific and technical instruments company's stock valued at $342,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Price Performance

Shares of ALLE traded down $0.76 on Friday, reaching $152.77. The stock had a trading volume of 934,534 shares, compared to its average volume of 881,556. The firm has a 50-day moving average of $143.17 and a 200 day moving average of $134.50. The firm has a market capitalization of $13.15 billion, a PE ratio of 21.46, a PEG ratio of 3.85 and a beta of 1.01. The company has a quick ratio of 1.51, a current ratio of 2.17 and a debt-to-equity ratio of 1.23. Allegion PLC has a twelve month low of $116.57 and a twelve month high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.18. Allegion had a return on equity of 44.82% and a net margin of 16.28%. The business had revenue of $941.90 million for the quarter, compared to analysts' expectations of $918.53 million. During the same quarter last year, the firm earned $1.55 earnings per share. The business's revenue was up 5.4% on a year-over-year basis. Sell-side analysts expect that Allegion PLC will post 7.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ALLE. Barclays boosted their target price on Allegion from $128.00 to $135.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 9th. The Goldman Sachs Group boosted their target price on Allegion from $149.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Morgan Stanley boosted their target price on Allegion from $139.00 to $151.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. initiated coverage on Allegion in a research report on Tuesday, June 24th. They set an "overweight" rating and a $170.00 price objective for the company. Finally, Robert W. Baird upped their price objective on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Allegion has an average rating of "Hold" and a consensus price target of $151.57.

Allegion Company Profile

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.