Bank Julius Baer & Co. Ltd Zurich lifted its position in Allegion PLC (NYSE:ALLE - Free Report) by 2,273.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,584 shares of the scientific and technical instruments company's stock after buying an additional 34,085 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Allegion were worth $4,650,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in Allegion by 438.6% in the fourth quarter. Renaissance Technologies LLC now owns 267,700 shares of the scientific and technical instruments company's stock worth $34,983,000 after acquiring an additional 218,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Allegion by 324.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,969 shares of the scientific and technical instruments company's stock worth $5,606,000 after purchasing an additional 32,842 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of Allegion by 284.1% in the 1st quarter. Merit Financial Group LLC now owns 8,285 shares of the scientific and technical instruments company's stock worth $1,081,000 after purchasing an additional 6,128 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Allegion by 6.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 120,863 shares of the scientific and technical instruments company's stock worth $15,768,000 after purchasing an additional 7,645 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Allegion by 10.6% during the first quarter. Asset Management One Co. Ltd. now owns 37,648 shares of the scientific and technical instruments company's stock valued at $4,912,000 after purchasing an additional 3,618 shares during the last quarter. Institutional investors own 92.21% of the company's stock.
Allegion Stock Up 1.1%
Shares of Allegion stock traded up $1.80 during midday trading on Friday, hitting $165.47. The company's stock had a trading volume of 1,446,818 shares, compared to its average volume of 914,092. Allegion PLC has a 1-year low of $116.57 and a 1-year high of $166.22. The company has a quick ratio of 1.51, a current ratio of 2.30 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $14.24 billion, a P/E ratio of 22.98, a PEG ratio of 4.06 and a beta of 1.01. The stock has a 50-day simple moving average of $144.55 and a 200-day simple moving average of $135.49.
Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.04. Allegion had a return on equity of 42.62% and a net margin of 16.15%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $999.10 million. During the same period in the prior year, the business earned $1.96 EPS. The business's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts expect that Allegion PLC will post 7.77 earnings per share for the current year.
Analyst Ratings Changes
Several research firms have issued reports on ALLE. Robert W. Baird lifted their price target on shares of Allegion from $150.00 to $175.00 and gave the stock a "neutral" rating in a research report on Friday. The Goldman Sachs Group raised their price objective on Allegion from $149.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their target price on Allegion from $150.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Friday. Barclays increased their price target on Allegion from $135.00 to $156.00 and gave the company an "underweight" rating in a research report on Friday. Finally, Morgan Stanley boosted their price objective on Allegion from $139.00 to $151.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. One 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $164.57.
Read Our Latest Research Report on ALLE
Allegion Profile
(
Free Report)
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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