Aurora Investment Counsel Purchases New Position in Allegion PLC (NYSE:ALLE)

Aurora Investment Counsel acquired a new stake in Allegion PLC (NYSE:ALLE - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,395 shares of the scientific and technical instruments company's stock, valued at approximately $1,617,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in Allegion in the 4th quarter valued at approximately $28,000. Wayfinding Financial LLC acquired a new stake in Allegion in the 1st quarter valued at approximately $30,000. Colonial Trust Co SC increased its holdings in Allegion by 192.9% in the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock valued at $33,000 after purchasing an additional 164 shares during the last quarter. Garde Capital Inc. acquired a new stake in Allegion in the 1st quarter valued at approximately $36,000. Finally, GeoWealth Management LLC grew its stake in shares of Allegion by 259.3% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

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

Allegion Stock Down 0.9%

Shares of Allegion stock traded down $1.26 during trading on Tuesday, hitting $147.05. 116,983 shares of the stock were exchanged, compared to its average volume of 964,306. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 3.76 and a beta of 1.01. The firm's 50-day moving average price is $142.31 and its 200 day moving average price is $133.89. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $156.10. 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 (NYSE:ALLE - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.18. The business had revenue of $941.90 million during the quarter, compared to analysts' expectations of $918.53 million. Allegion had a net margin of 16.28% and a return on equity of 44.82%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.55 EPS. As a group, analysts forecast that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

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.