Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in Allegion PLC (NYSE:ALLE)

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Allegion PLC (NYSE:ALLE - Free Report) by 8.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 214,644 shares of the scientific and technical instruments company's stock after buying an additional 16,889 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.25% of Allegion worth $28,002,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ALLE. Fiduciary Management Inc. WI purchased a new position in Allegion in the fourth quarter valued at approximately $116,484,000. Norges Bank bought a new position in shares of Allegion during the 4th quarter worth $108,058,000. Lord Abbett & CO. LLC increased its holdings in Allegion by 24.8% in the 4th quarter. Lord Abbett & CO. LLC now owns 2,089,239 shares of the scientific and technical instruments company's stock worth $273,022,000 after acquiring an additional 414,595 shares during the last quarter. Squarepoint Ops LLC increased its holdings in Allegion by 11,506.8% in the 4th quarter. Squarepoint Ops LLC now owns 272,295 shares of the scientific and technical instruments company's stock worth $35,584,000 after acquiring an additional 269,949 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in Allegion by 19.2% in the 4th quarter. Deutsche Bank AG now owns 1,641,810 shares of the scientific and technical instruments company's stock valued at $214,552,000 after acquiring an additional 264,379 shares during the period. Institutional investors own 92.21% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ALLE. Mizuho lifted their target price on shares of Allegion from $145.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday. JPMorgan Chase & Co. started coverage on shares of Allegion in a report on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 price objective for the company. Barclays boosted their target price on shares of Allegion from $135.00 to $156.00 and gave the company an "underweight" rating in a report on Friday. The Goldman Sachs Group increased their target price on Allegion from $149.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company lifted their price target on Allegion from $150.00 to $175.00 and gave the company an "equal weight" rating in a research report on Friday. 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's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $164.57.

Allegion Price Performance

NYSE:ALLE traded up $1.80 during trading hours on Friday, hitting $165.47. 1,446,818 shares of the company's stock traded hands, compared to its average volume of 914,092. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $166.22. The business's fifty day simple moving average is $144.55 and its two-hundred day simple moving average is $135.49. The company has a quick ratio of 1.51, a current ratio of 2.30 and a debt-to-equity ratio of 1.14. The firm has a market cap of $14.24 billion, a P/E ratio of 22.98, a P/E/G ratio of 4.06 and a beta of 1.01.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $2.04 EPS for the quarter, topping the consensus estimate of $2.00 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $999.10 million. Allegion had a return on equity of 42.62% and a net margin of 16.15%. Allegion's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 earnings per share. On average, research analysts anticipate that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion 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.