Allegion PLC (NYSE:ALLE) Shares Purchased by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC raised its holdings in Allegion PLC (NYSE:ALLE - Free Report) by 13.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,934 shares of the scientific and technical instruments company's stock after purchasing an additional 2,300 shares during the quarter. Clifford Swan Investment Counsel LLC's holdings in Allegion were worth $2,470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. raised its stake in Allegion by 16.6% during the first quarter. Whittier Trust Co. now owns 576 shares of the scientific and technical instruments company's stock worth $75,000 after buying an additional 82 shares during the last quarter. Waterloo Capital L.P. lifted its position in shares of Allegion by 1.2% during the 4th quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock valued at $938,000 after buying an additional 83 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of Allegion by 2.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 3,593 shares of the scientific and technical instruments company's stock worth $469,000 after acquiring an additional 83 shares in the last quarter. DMC Group LLC boosted its position in Allegion by 2.2% during the first quarter. DMC Group LLC now owns 3,953 shares of the scientific and technical instruments company's stock worth $516,000 after purchasing an additional 85 shares in the last quarter. Finally, Rovin Capital UT ADV boosted its holdings in Allegion by 2.3% in the first quarter. Rovin Capital UT ADV now owns 4,215 shares of the scientific and technical instruments company's stock valued at $550,000 after purchasing an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Price Performance

Shares of NYSE ALLE opened at $149.63 on Tuesday. The company has a fifty day moving average price of $143.28 and a 200 day moving average price of $134.68. Allegion PLC has a 1-year low of $116.57 and a 1-year high of $156.10. The firm has a market cap of $12.88 billion, a PE ratio of 21.02, a PEG ratio of 3.85 and a beta of 1.01. The company has a current ratio of 2.17, a quick ratio of 1.51 and a debt-to-equity ratio of 1.23.

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

Analyst Ratings Changes

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

About Allegion

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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