Susquehanna Fundamental Investments LLC Purchases Shares of 40,222 Allegion plc (NYSE:ALLE)

Susquehanna Fundamental Investments LLC purchased a new stake in Allegion plc (NYSE:ALLE) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 40,222 shares of the scientific and technical instruments company’s stock, valued at approximately $5,418,000.

A number of other large investors have also recently added to or reduced their stakes in ALLE. CVA Family Office LLC acquired a new stake in Allegion in the fourth quarter valued at $28,000. Robeco Institutional Asset Management B.V. lifted 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. Larson Financial Group LLC acquired a new stake in shares of Allegion during the 1st quarter worth about $44,000. Headinvest LLC acquired a new stake in shares of Allegion during the 3rd quarter worth about $48,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Allegion during the 1st quarter worth about $50,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ALLE. Wells Fargo & Company cut their target price on shares of Allegion from $141.00 to $125.00 and set an “equal weight” rating for the company in a research note on Wednesday. UBS Group lifted their price objective on shares of Allegion from $113.00 to $132.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Barclays dropped their price objective on shares of Allegion from $116.00 to $112.00 and set an “underweight” rating for the company in a research note on Wednesday. Finally, StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $123.67.

Allegion Price Performance

ALLE stock traded up $3.10 during mid-day trading on Friday, hitting $122.93. The stock had a trading volume of 612,610 shares, compared to its average volume of 747,439. The company has a current ratio of 1.31, a quick ratio of 0.87 and a debt-to-equity ratio of 1.18. Allegion plc has a 52 week low of $95.94 and a 52 week high of $136.91. The firm has a market capitalization of $10.75 billion, a P/E ratio of 20.05, a P/E/G ratio of 3.86 and a beta of 1.13. The firm has a fifty day simple moving average of $119.76 and a 200 day simple moving average of $124.98.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. Allegion had a net margin of 14.93% and a return on equity of 48.58%. The firm had revenue of $893.90 million for the quarter, compared to analyst estimates of $888.27 million. During the same period last year, the firm earned $1.58 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, research analysts forecast that Allegion plc will post 7.09 EPS for the current year.

Insider Activity at Allegion

In related news, SVP Tracy L. Kemp sold 2,194 shares of Allegion stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $121.98, for a total transaction of $267,624.12. Following the sale, the senior vice president now directly owns 11,103 shares of the company’s stock, valued at approximately $1,354,343.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by insiders.

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.