Blue Trust Inc. Has $41,000 Position in Allegion plc (NYSE:ALLE)

Blue Trust Inc. boosted its position in Allegion plc (NYSE:ALLE) by 54.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 345 shares of the scientific and technical instruments company’s stock after buying an additional 121 shares during the quarter. Blue Trust Inc.’s holdings in Allegion were worth $41,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of Allegion by 19.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 23,634 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 3,823 shares during the last quarter. Covestor Ltd boosted its position in Allegion by 255.7% during the first quarter. Covestor Ltd now owns 313 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 225 shares during the last quarter. Larson Financial Group LLC bought a new position in Allegion in the first quarter valued at approximately $44,000. First Command Advisory Services Inc. acquired a new position in shares of Allegion during the 1st quarter worth approximately $50,000. Finally, Signaturefd LLC raised its stake in shares of Allegion by 20.9% during the 4th quarter. Signaturefd LLC now owns 765 shares of the scientific and technical instruments company’s stock worth $97,000 after purchasing an additional 132 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling

In other Allegion news, SVP Tracy L. Kemp sold 2,194 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $121.98, for a total transaction of $267,624.12. Following the transaction, the senior vice president now owns 11,103 shares in the company, valued at approximately $1,354,343.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays boosted their target price on shares of Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Finally, Wells Fargo & Company boosted their price target on Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $125.40.

Allegion Stock Performance

NYSE ALLE opened at $137.00 on Friday. The stock has a market cap of $11.98 billion, a PE ratio of 22.35, a P/E/G ratio of 4.08 and a beta of 1.13. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.23 and a current ratio of 1.66. The firm has a 50-day moving average of $125.09 and a 200-day moving average of $126.43. Allegion plc has a 52-week low of $95.94 and a 52-week high of $141.99.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The firm had revenue of $965.60 million during the quarter, compared to the consensus estimate of $953.63 million. During the same period last year, the business posted $1.76 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Allegion plc will post 7.22 EPS for the current year.

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.