Crossmark Global Holdings Inc. Has $310,000 Stock Holdings in Allegion plc (NYSE:ALLE)

Crossmark Global Holdings Inc. increased its position in Allegion plc (NYSE:ALLE) by 3.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,620 shares of the scientific and technical instruments company’s stock after acquiring an additional 92 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Allegion were worth $310,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ALLE. Kestra Private Wealth Services LLC raised its stake in shares of Allegion by 61.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 3,589 shares of the scientific and technical instruments company’s stock valued at $455,000 after acquiring an additional 1,368 shares during the last quarter. Victory Capital Management Inc. raised its position in Allegion by 112.7% during the 4th quarter. Victory Capital Management Inc. now owns 68,737 shares of the scientific and technical instruments company’s stock worth $8,708,000 after purchasing an additional 36,414 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in Allegion by 1.3% during the 4th quarter. New York Life Investment Management LLC now owns 12,919 shares of the scientific and technical instruments company’s stock worth $1,637,000 after buying an additional 167 shares during the period. Natixis Advisors L.P. grew its position in shares of Allegion by 261.9% in the 4th quarter. Natixis Advisors L.P. now owns 98,576 shares of the scientific and technical instruments company’s stock valued at $12,487,000 after buying an additional 71,338 shares during the last quarter. Finally, Sapient Capital LLC acquired a new stake in shares of Allegion in the fourth quarter valued at about $261,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Price Performance

Shares of ALLE opened at $137.00 on Wednesday. The firm has a market cap of $11.94 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 4.26 and a beta of 1.13. Allegion plc has a 52-week low of $95.94 and a 52-week high of $141.99. 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 business’s 50 day moving average price is $128.05 and its two-hundred day moving average price is $126.72.

Allegion (NYSE:ALLE) last announced 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. The company had revenue of $965.60 million during the quarter, compared to the consensus estimate of $953.63 million. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. On average, equities analysts anticipate that Allegion plc will post 7.26 EPS for the current year.

Analysts Set New Price Targets

ALLE has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted 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. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Finally, Barclays increased their price objective on shares of Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Allegion presently has a consensus rating of “Hold” and an average target price of $125.40.

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.