CWM LLC lifted its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 346.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,194 shares of the scientific and technical instruments company's stock after buying an additional 20,331 shares during the quarter. CWM LLC's holdings in Allegion were worth $3,417,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Douglass Winthrop Advisors LLC raised its stake in Allegion by 0.4% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company's stock valued at $2,911,000 after buying an additional 80 shares during the last quarter. Waterloo Capital L.P. raised its stake in shares of Allegion by 1.2% in the fourth quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock worth $938,000 after purchasing an additional 83 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Allegion by 2.4% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,593 shares of the scientific and technical instruments company's stock worth $469,000 after purchasing an additional 83 shares during the last quarter. DMC Group LLC raised its stake in shares of Allegion by 2.2% in the first quarter. DMC Group LLC now owns 3,953 shares of the scientific and technical instruments company's stock worth $516,000 after purchasing an additional 85 shares during the last quarter. Finally, Rovin Capital UT ADV raised its stake in shares of Allegion by 2.3% in the first quarter. Rovin Capital UT ADV now owns 4,215 shares of the scientific and technical instruments company's stock worth $550,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 92.21% of the company's stock.
Allegion Stock Performance
ALLE stock traded down $0.76 during trading on Friday, hitting $152.77. 934,534 shares of the company traded hands, compared to its average volume of 880,405. The stock's 50-day simple moving average is $143.17 and its 200 day simple moving average is $134.48. 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 company has a market cap of $13.15 billion, a PE ratio of 21.46, a P/E/G ratio of 3.68 and a beta of 1.01. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $156.10.
Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.18. The company had revenue of $941.90 million during the quarter, compared to analysts' expectations of $918.53 million. Allegion had a return on equity of 44.82% and a net margin of 16.28%. Allegion's quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business earned $1.55 earnings per share. On average, equities analysts expect that Allegion PLC will post 7.77 earnings per share for the current fiscal year.
Analysts Set New Price Targets
ALLE has been the subject of several research analyst reports. Morgan Stanley raised their price objective on Allegion from $139.00 to $151.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Robert W. Baird raised their price objective on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Barclays raised their price objective on Allegion from $128.00 to $135.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 9th. The Goldman Sachs Group raised their price objective on Allegion from $149.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. assumed coverage on Allegion in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 price objective for the company. 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $151.57.
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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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