EverSource Wealth Advisors LLC Has $477,000 Holdings in Allegion plc (NYSE:ALLE)

EverSource Wealth Advisors LLC increased its stake in shares of Allegion plc (NYSE:ALLE) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,543 shares of the scientific and technical instruments company’s stock after purchasing an additional 174 shares during the period. EverSource Wealth Advisors LLC’s holdings in Allegion were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ALLE. Covestor Ltd grew its stake in Allegion by 255.7% in the first quarter. Covestor Ltd now owns 313 shares of the scientific and technical instruments company’s stock valued at $42,000 after acquiring an additional 225 shares during the period. Larson Financial Group LLC acquired a new position in Allegion in the first quarter valued at about $44,000. First Command Advisory Services Inc. acquired a new position in Allegion in the first quarter valued at about $50,000. Signaturefd LLC grew its stake in Allegion by 20.9% in the fourth quarter. Signaturefd LLC now owns 765 shares of the scientific and technical instruments company’s stock valued at $97,000 after acquiring an additional 132 shares during the period. Finally, Allworth Financial LP grew its stake in Allegion by 11.8% in the fourth quarter. Allworth Financial LP now owns 982 shares of the scientific and technical instruments company’s stock valued at $124,000 after acquiring an additional 104 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Stock Performance

Shares of Allegion stock traded down $2.75 on Friday, hitting $129.54. The stock had a trading volume of 1,312,881 shares, compared to its average volume of 798,624. Allegion plc has a twelve month low of $95.94 and a twelve month high of $141.99. The business’s 50 day moving average is $121.49 and its two-hundred day moving average is $125.71. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.40. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 4.08 and a beta of 1.13.

Allegion (NYSE:ALLE) last posted its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $953.63 million. During the same quarter in the prior year, the business earned $1.76 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts forecast that Allegion plc will post 7.22 EPS for the current year.

Insider Buying and Selling

In related 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 sale, the senior vice president now owns 11,103 shares of the company’s stock, valued at $1,354,343.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ALLE has been the subject of a number of research analyst reports. Barclays boosted their target price on Allegion from $112.00 to $117.00 and gave the company an “underweight” rating in a research note on Thursday, July 25th. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. UBS Group boosted their price target on Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Company boosted their price target on Allegion from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. One equities research 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 presently has a consensus rating of “Hold” and a consensus 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.