Dynasty Wealth Management LLC Invests $548,000 in Allegion plc (NYSE:ALLE)

Dynasty Wealth Management LLC bought a new position in shares of Allegion plc (NYSE:ALLE) in the first quarter, Holdings Channel reports. The institutional investor bought 4,068 shares of the scientific and technical instruments company’s stock, valued at approximately $548,000.

A number of other hedge funds have also made changes to their positions in ALLE. Massachusetts Financial Services Co. MA acquired a new stake in Allegion in the 4th quarter valued at about $120,959,000. Norges Bank acquired a new stake in Allegion in the 4th quarter valued at about $110,740,000. APG Asset Management US Inc. acquired a new stake in Allegion in the 4th quarter valued at about $66,449,000. Brown Advisory Inc. increased its position in Allegion by 33.0% in the 4th quarter. Brown Advisory Inc. now owns 1,895,352 shares of the scientific and technical instruments company’s stock valued at $240,122,000 after acquiring an additional 470,104 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Allegion by 15.9% in the 4th quarter. Van ECK Associates Corp now owns 3,215,649 shares of the scientific and technical instruments company’s stock valued at $407,391,000 after acquiring an additional 441,882 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Performance

Shares of Allegion stock traded down $1.61 during trading on Wednesday, reaching $137.73. The company’s stock had a trading volume of 375,960 shares, compared to its average volume of 705,357. The business’s 50-day moving average price is $120.86 and its 200-day moving average price is $125.52. The firm has a market cap of $12.00 billion, a PE ratio of 22.73, a P/E/G ratio of 4.25 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 quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.40.

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

Insider Activity

In other Allegion news, SVP Tracy L. Kemp sold 2,194 shares of the stock in a transaction that occurred 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 directly 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 is available through this link. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on ALLE. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group lifted their price objective on shares of Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Wells Fargo & Company boosted their target price on shares of Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Finally, 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company 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.