Envestnet Asset Management Inc. decreased its holdings in Allegion PLC (NYSE:ALLE - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 398,182 shares of the scientific and technical instruments company's stock after selling 2,677 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.46% of Allegion worth $51,947,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp raised its stake in Allegion by 1,330.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,130 shares of the scientific and technical instruments company's stock valued at $148,000 after buying an additional 1,051 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Allegion during the fourth quarter valued at approximately $2,090,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Allegion by 0.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,553 shares of the scientific and technical instruments company's stock valued at $3,993,000 after buying an additional 210 shares in the last quarter. Independent Advisor Alliance acquired a new stake in Allegion during the fourth quarter valued at approximately $215,000. Finally, Wealthfront Advisers LLC raised its stake in Allegion by 6.4% during the fourth quarter. Wealthfront Advisers LLC now owns 2,428 shares of the scientific and technical instruments company's stock valued at $317,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.
Analyst Ratings Changes
Several analysts have issued reports on ALLE shares. Robert W. Baird upped their price objective on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Morgan Stanley upped their target price on Allegion from $139.00 to $151.00 and gave the company an "equal weight" rating in a report on Friday. Barclays upped their target price on Allegion from $128.00 to $135.00 and gave the company an "underweight" rating in a report on Wednesday. The Goldman Sachs Group upped their target price on Allegion from $149.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. initiated coverage on Allegion in a report on Tuesday, June 24th. They set an "overweight" rating and a $170.00 target price for the company. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $151.57.
View Our Latest Stock Report on Allegion
Allegion Stock Performance
ALLE opened at $148.80 on Friday. The company has a market capitalization of $12.80 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 3.76 and a beta of 1.01. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.17 and a quick ratio of 1.51. Allegion PLC has a 1-year low of $116.57 and a 1-year high of $156.10. The business has a 50 day moving average price of $142.31 and a two-hundred day moving average price of $133.88.
Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.18. The firm had revenue of $941.90 million during the quarter, compared to the consensus estimate of $918.53 million. Allegion had a return on equity of 44.82% and a net margin of 16.28%. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 earnings per share. Research analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal year.
Allegion Company Profile
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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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