Charles Schwab Investment Management Inc. Has $96.57 Million Stock Position in Allegion PLC (NYSE:ALLE)

Charles Schwab Investment Management Inc. lifted its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 0.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 740,233 shares of the scientific and technical instruments company's stock after purchasing an additional 4,942 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.86% of Allegion worth $96,571,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Allegion by 324.3% during the 1st 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 purchasing an additional 32,842 shares during the period. Merit Financial Group LLC grew its holdings in shares of Allegion by 284.1% during 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. Atria Wealth Solutions Inc. grew its holdings in shares of Allegion by 5.6% during the 1st quarter. Atria Wealth Solutions Inc. now owns 2,924 shares of the scientific and technical instruments company's stock worth $381,000 after purchasing an additional 154 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in Allegion by 6.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 120,863 shares of the scientific and technical instruments company's stock worth $15,768,000 after acquiring an additional 7,645 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in Allegion by 10.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 37,648 shares of the scientific and technical instruments company's stock worth $4,912,000 after acquiring an additional 3,618 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Insider Buying and Selling at Allegion

In other news, SVP Tracy L. Kemp sold 3,849 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $164.92, for a total value of $634,777.08. Following the completion of the sale, the senior vice president owned 8,773 shares in the company, valued at $1,446,843.16. This represents a 30.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Timothy P. Eckersley sold 10,810 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total value of $1,781,055.60. Following the completion of the sale, the senior vice president owned 30,023 shares of the company's stock, valued at approximately $4,946,589.48. This trade represents a 26.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays raised Allegion from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $156.00 to $163.00 in a research report on Thursday. Morgan Stanley boosted their price target on Allegion from $139.00 to $151.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Bank of America raised Allegion from an "underperform" rating to a "neutral" rating and upped their target price for the company from $110.00 to $175.00 in a research report on Tuesday, July 29th. 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 research report on Tuesday, July 8th. Finally, Wells Fargo & Company upped their target price on Allegion from $150.00 to $175.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Allegion currently has an average rating of "Hold" and an average target price of $166.75.

Allegion Stock Performance

Shares of NYSE ALLE traded down $1.33 during trading on Friday, reaching $167.22. The stock had a trading volume of 549,874 shares, compared to its average volume of 1,107,214. The stock has a market cap of $14.36 billion, a PE ratio of 23.23, a P/E/G ratio of 3.61 and a beta of 1.05. The firm's 50 day moving average price is $151.80 and its two-hundred day moving average price is $138.97. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.64 and a current ratio of 2.30. Allegion PLC has a one year low of $116.57 and a one year high of $170.11.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.04. Allegion had a return on equity of 42.62% and a net margin of 16.15%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $999.10 million. During the same quarter in the prior year, the business posted $1.96 earnings per share. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research 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.