Allegion PLC (NYSE:ALLE) Shares Sold by Morningstar Investment Services LLC

Morningstar Investment Services LLC lowered its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 37.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,701 shares of the scientific and technical instruments company's stock after selling 3,973 shares during the period. Morningstar Investment Services LLC's holdings in Allegion were worth $874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Diversify Advisory Services LLC bought a new position in shares of Allegion in the 1st quarter worth approximately $206,000. Cooke & Bieler LP bought a new position in Allegion in the first quarter worth about $32,519,000. Kingsview Wealth Management LLC bought a new position in Allegion in the first quarter worth about $2,817,000. Dynasty Wealth Management LLC grew its stake in shares of Allegion by 2.8% during the first quarter. Dynasty Wealth Management LLC now owns 4,030 shares of the scientific and technical instruments company's stock worth $526,000 after acquiring an additional 109 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in Allegion by 61.5% in the first quarter. Verdence Capital Advisors LLC now owns 4,025 shares of the scientific and technical instruments company's stock valued at $525,000 after buying an additional 1,533 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Stock Performance

Shares of Allegion stock traded down $0.76 on Friday, reaching $152.77. 934,534 shares of the company traded hands, compared to its average volume of 881,556. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $156.10. The company has a 50 day moving average of $143.17 and a 200 day moving average of $134.50. The firm has a market capitalization of $13.15 billion, a PE ratio of 21.46, a PEG ratio of 3.85 and a beta of 1.01. 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 EPS for the quarter, topping the consensus estimate of $1.68 by $0.18. The company had revenue of $941.90 million during the quarter, compared to the consensus estimate of $918.53 million. Allegion had a net margin of 16.28% and a return on equity of 44.82%. Allegion's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.55 EPS. Equities analysts forecast that Allegion PLC will post 7.77 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ALLE shares. The Goldman Sachs Group increased their price target on Allegion from $149.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Morgan Stanley boosted their target price on Allegion from $139.00 to $151.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. JPMorgan Chase & Co. assumed coverage on Allegion in a research note on Tuesday, June 24th. They set an "overweight" rating and a $170.00 price target for the company. Robert W. Baird upped 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. Finally, Barclays upped their target price on Allegion from $128.00 to $135.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. One research 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. Based on data from MarketBeat, Allegion has a consensus rating of "Hold" and an average target price of $151.57.

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.