iA Global Asset Management Inc. Grows Stock Position in Allegion plc (NYSE:ALLE)

iA Global Asset Management Inc. raised its stake in shares of Allegion plc (NYSE:ALLE) by 13.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,050 shares of the scientific and technical instruments company’s stock after acquiring an additional 250 shares during the period. iA Global Asset Management Inc.’s holdings in Allegion were worth $242,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ALLE. Crewe Advisors LLC increased its stake in shares of Allegion by 160.2% in the 2nd quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock valued at $29,000 after purchasing an additional 149 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Allegion by 19.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 23,634 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 3,823 shares in the last quarter. Gradient Investments LLC purchased a new position in shares of Allegion in the 2nd quarter valued at about $38,000. Blue Trust Inc. increased its stake in shares of Allegion by 54.0% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the scientific and technical instruments company’s stock valued at $41,000 after purchasing an additional 121 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of Allegion by 255.7% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

ALLE has been the subject of several recent analyst reports. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Barclays lifted their price target on Allegion from $112.00 to $117.00 and gave the company an “underweight” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company boosted their price objective on Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $125.40.

Allegion Price Performance

NYSE:ALLE opened at $138.84 on Friday. Allegion plc has a 12 month low of $95.94 and a 12 month high of $141.99. The stock has a 50 day moving average of $127.22 and a two-hundred day moving average of $126.68. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40. The firm has a market cap of $12.14 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 4.08 and a beta of 1.13.

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