Advisors Preferred LLC Buys Shares of 5,567 Allegion PLC (NYSE:ALLE)

Advisors Preferred LLC acquired a new position in shares of Allegion PLC (NYSE:ALLE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,567 shares of the scientific and technical instruments company's stock, valued at approximately $729,000.

Several other large investors have also modified their holdings of the company. Wayfinding Financial LLC bought a new stake in Allegion in the 1st quarter valued at $30,000. Colonial Trust Co SC lifted its holdings in shares of Allegion by 192.9% during the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock worth $33,000 after acquiring an additional 164 shares during the period. Garde Capital Inc. bought a new position in shares of Allegion during the 1st quarter worth about $36,000. GeoWealth Management LLC lifted its holdings in shares of Allegion by 259.3% during the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock worth $40,000 after acquiring an additional 223 shares during the period. Finally, Oakworth Capital Inc. bought a new position in shares of Allegion during the 1st quarter worth about $46,000. 92.21% of the stock is owned by institutional investors.

Allegion Price Performance

ALLE traded up $1.80 during midday trading on Friday, hitting $165.47. The company had a trading volume of 1,446,818 shares, compared to its average volume of 914,092. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.51 and a current ratio of 2.30. The company has a market capitalization of $14.24 billion, a PE ratio of 22.98, a P/E/G ratio of 4.06 and a beta of 1.01. Allegion PLC has a twelve month low of $116.57 and a twelve month high of $166.22. The firm's 50-day simple moving average is $144.55 and its 200-day simple moving average is $135.49.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $999.10 million. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.96 EPS. Equities research analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays raised their price objective on shares of Allegion from $135.00 to $156.00 and gave the stock an "underweight" rating in a report on Friday. Wells Fargo & Company raised their price objective on shares of Allegion from $150.00 to $175.00 and gave the stock an "equal weight" rating in a report on Friday. Robert W. Baird raised their price objective on shares of Allegion from $150.00 to $175.00 and gave the stock a "neutral" rating in a report on Friday. Morgan Stanley increased their target price on shares of Allegion from $139.00 to $151.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. started coverage on shares of Allegion in a research report on Tuesday, June 24th. They set an "overweight" rating and a $170.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $164.57.

Allegion 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.