Brown Advisory Inc. Raises Stock Holdings in Allegion PLC (NYSE:ALLE)

Brown Advisory Inc. lifted its holdings in Allegion PLC (NYSE:ALLE - Free Report) by 13.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,141,492 shares of the scientific and technical instruments company's stock after acquiring an additional 249,295 shares during the quarter. Brown Advisory Inc. owned 2.48% of Allegion worth $279,379,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC raised its holdings in Allegion by 438.6% during the 4th quarter. Renaissance Technologies LLC now owns 267,700 shares of the scientific and technical instruments company's stock valued at $34,983,000 after buying an additional 218,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Allegion by 324.3% in the first 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 acquiring an additional 32,842 shares during the period. Daiwa Securities Group Inc. increased its position in Allegion by 73.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 18,761 shares of the scientific and technical instruments company's stock valued at $2,452,000 after purchasing an additional 7,950 shares during the period. Magnetar Financial LLC bought a new position in Allegion in the 4th quarter worth $4,398,000. Finally, Merit Financial Group LLC lifted its position 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 during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.

Analysts Set New Price Targets

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

Allegion Stock Down 1.8%

Shares of NYSE ALLE traded down $2.73 during trading on Friday, reaching $148.80. The company had a trading volume of 876,106 shares, compared to its average volume of 872,219. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $156.10. The company has a quick ratio of 1.51, a current ratio of 2.17 and a debt-to-equity ratio of 1.23. The business's 50-day moving average is $142.31 and its 200 day moving average is $133.88. The stock has a market cap of $12.80 billion, a PE ratio of 20.90, a P/E/G ratio of 3.83 and a beta of 1.01.

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 for the quarter, beating analysts' consensus estimates of $1.68 by $0.18. The business had revenue of $941.90 million during the quarter, compared to analyst estimates of $918.53 million. Allegion had a net margin of 16.28% and a return on equity of 44.82%. Allegion's revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $1.55 EPS. As a group, equities analysts forecast that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Company 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.