Allianz Asset Management GmbH lowered its stake in shares of Allegion PLC (NYSE:ALLE - Free Report) by 40.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 341,778 shares of the scientific and technical instruments company's stock after selling 232,234 shares during the period. Allianz Asset Management GmbH owned 0.40% of Allegion worth $44,588,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Fiduciary Management Inc. WI purchased a new stake in Allegion in the fourth quarter worth $116,484,000. Norges Bank purchased a new stake in Allegion in the 4th quarter worth about $108,058,000. Lord Abbett & CO. LLC increased its holdings in Allegion by 24.8% in the 4th quarter. Lord Abbett & CO. LLC now owns 2,089,239 shares of the scientific and technical instruments company's stock worth $273,022,000 after acquiring an additional 414,595 shares during the last quarter. Squarepoint Ops LLC raised its stake in Allegion by 11,506.8% in the 4th quarter. Squarepoint Ops LLC now owns 272,295 shares of the scientific and technical instruments company's stock valued at $35,584,000 after acquiring an additional 269,949 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Allegion by 19.2% during the fourth quarter. Deutsche Bank AG now owns 1,641,810 shares of the scientific and technical instruments company's stock valued at $214,552,000 after purchasing an additional 264,379 shares during the last quarter. Institutional investors own 92.21% of the company's stock.
Allegion Price Performance
Allegion stock traded up $1.80 during midday trading on Friday, hitting $165.47. 1,446,818 shares of the company's stock were exchanged, compared to its average volume of 914,092. The company has a market cap of $14.24 billion, a P/E ratio of 22.98, a PEG ratio of 4.06 and a beta of 1.01. 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 stock has a 50-day moving average price of $144.55 and a two-hundred day moving average price of $135.49. Allegion PLC has a 52-week low of $116.57 and a 52-week high of $166.22.
Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $999.10 million. Allegion had a return on equity of 42.62% and a net margin of 16.15%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $1.96 EPS. On average, equities research analysts forecast that Allegion PLC will post 7.77 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on ALLE shares. Robert W. Baird lifted their target price on shares of Allegion from $150.00 to $175.00 and gave the stock a "neutral" rating in a research note on Friday. The Goldman Sachs Group lifted their price objective on shares of Allegion from $149.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Morgan Stanley boosted their target price on shares of Allegion from $139.00 to $151.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Barclays raised their price target on Allegion from $135.00 to $156.00 and gave the stock an "underweight" rating in a report on Friday. Finally, Wells Fargo & Company boosted their price objective on Allegion from $150.00 to $175.00 and gave the company an "equal weight" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $164.57.
Check Out Our Latest Research Report on Allegion
Allegion Company 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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