Crossmark Global Holdings Inc. reduced its stake in Allegion PLC (NYSE:ALLE - Free Report) by 80.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,257 shares of the scientific and technical instruments company's stock after selling 9,203 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Allegion were worth $294,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Allegion by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company's stock valued at $1,400,688,000 after acquiring an additional 177,808 shares during the period. Boston Partners lifted its stake in shares of Allegion by 11.6% during the fourth quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company's stock valued at $616,503,000 after acquiring an additional 488,390 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Allegion by 1.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,897,407 shares of the scientific and technical instruments company's stock valued at $509,313,000 after acquiring an additional 38,377 shares during the period. Geode Capital Management LLC lifted its stake in shares of Allegion by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 2,152,831 shares of the scientific and technical instruments company's stock valued at $280,607,000 after acquiring an additional 41,417 shares during the period. Finally, Lord Abbett & CO. LLC lifted its stake in shares of Allegion by 24.8% during the fourth quarter. Lord Abbett & CO. LLC now owns 2,089,239 shares of the scientific and technical instruments company's stock valued at $273,022,000 after acquiring an additional 414,595 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.
Allegion Stock Up 3.4%
ALLE stock traded up $5.00 during mid-day trading on Thursday, reaching $151.07. The company had a trading volume of 236,984 shares, compared to its average volume of 874,383. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.17 and a quick ratio of 1.51. The stock has a 50 day simple moving average of $142.69 and a two-hundred day simple moving average of $134.17. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 3.66 and a beta of 1.01. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $156.10.
Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings results 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 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 business's revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $1.55 earnings per share. As a group, equities analysts predict that Allegion PLC will post 7.77 earnings per share for the current fiscal year.
Analyst Ratings Changes
ALLE has been the topic of several analyst reports. The Goldman Sachs Group increased their target price on Allegion from $149.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Barclays increased their target price on Allegion from $128.00 to $135.00 and gave the company an "underweight" rating in a research note on Wednesday, July 9th. Morgan Stanley increased their target price on Allegion from $139.00 to $151.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. began coverage on Allegion in a research report on Tuesday, June 24th. They set an "overweight" rating and a $170.00 price target on the stock. Finally, Robert W. Baird raised their price target on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Allegion currently has an average rating of "Hold" and a consensus target price of $151.57.
Get Our Latest Stock Analysis on Allegion
Allegion 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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