Vanguard Group Inc. Purchases 48,615 Shares of Allegion PLC (NYSE:ALLE)

Vanguard Group Inc. increased its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 0.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,767,073 shares of the scientific and technical instruments company's stock after acquiring an additional 48,615 shares during the period. Vanguard Group Inc. owned about 12.51% of Allegion worth $1,404,672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in Allegion during the 1st quarter worth $30,000. Colonial Trust Co SC grew its position in Allegion by 192.9% during the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock worth $33,000 after acquiring an additional 164 shares during the last quarter. Garde Capital Inc. bought a new stake in Allegion during the 1st quarter worth $36,000. Cary Street Partners Investment Advisory LLC grew its position in Allegion by 91.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 299 shares of the scientific and technical instruments company's stock worth $39,000 after acquiring an additional 143 shares during the last quarter. Finally, GeoWealth Management LLC grew its position in Allegion by 259.3% during the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock worth $40,000 after acquiring an additional 223 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

Insider Activity

In related news, SVP Tracy L. Kemp sold 3,849 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $164.92, for a total transaction of $634,777.08. Following the transaction, the senior vice president directly owned 8,773 shares of the company's stock, valued at approximately $1,446,843.16. This represents a 30.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by corporate insiders.

Allegion Stock Up 0.0%

Shares of NYSE:ALLE opened at $163.77 on Monday. The company has a market capitalization of $14.06 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 3.51 and a beta of 1.05. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.30 and a quick ratio of 1.64. The business's 50-day moving average is $148.95 and its 200-day moving average is $137.86. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $167.24.

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

Wall Street Analyst Weigh In

ALLE has been the topic of a number of research reports. Morgan Stanley boosted their price objective on Allegion from $139.00 to $151.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. The Goldman Sachs Group upped their price target on Allegion from $149.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. started coverage on Allegion in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 price target on the stock. Robert W. Baird upped their price target on Allegion from $150.00 to $175.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Finally, Bank of America upgraded Allegion from an "underperform" rating to a "neutral" rating and upped their price target for the company from $110.00 to $175.00 in a research report on Tuesday, July 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $165.88.

About Allegion

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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