DekaBank Deutsche Girozentrale Has $24.88 Million Holdings in Allegion plc (NYSE:ALLE)

DekaBank Deutsche Girozentrale lessened its stake in Allegion plc (NYSE:ALLE) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 185,756 shares of the scientific and technical instruments company’s stock after selling 5,684 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.21% of Allegion worth $24,881,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Parsons Capital Management Inc. RI grew its position in Allegion by 0.6% in the first quarter. Parsons Capital Management Inc. RI now owns 16,625 shares of the scientific and technical instruments company’s stock worth $2,240,000 after acquiring an additional 91 shares in the last quarter. Pitcairn Co. boosted its holdings in shares of Allegion by 3.5% during the 1st quarter. Pitcairn Co. now owns 2,784 shares of the scientific and technical instruments company’s stock worth $375,000 after buying an additional 94 shares during the period. Allworth Financial LP boosted its holdings in shares of Allegion by 11.8% during the 4th quarter. Allworth Financial LP now owns 982 shares of the scientific and technical instruments company’s stock worth $124,000 after buying an additional 104 shares during the period. First Hawaiian Bank boosted its holdings in shares of Allegion by 6.3% during the 1st quarter. First Hawaiian Bank now owns 1,861 shares of the scientific and technical instruments company’s stock worth $251,000 after buying an additional 110 shares during the period. Finally, Canandaigua National Bank & Trust Co. boosted its holdings in shares of Allegion by 3.3% during the 1st quarter. Canandaigua National Bank & Trust Co. now owns 3,672 shares of the scientific and technical instruments company’s stock worth $495,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Trading Down 2.1 %

Allegion stock traded down $2.75 during midday trading on Friday, hitting $129.54. 1,312,881 shares of the stock were exchanged, compared to its average volume of 798,624. The company has a fifty day simple moving average of $121.49 and a two-hundred day simple moving average of $125.75. Allegion plc has a 52 week low of $95.94 and a 52 week high of $141.99. The stock has a market capitalization of $11.29 billion, a PE ratio of 21.13, a P/E/G ratio of 4.08 and a beta of 1.13. 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 announced its earnings results 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 firm had revenue of $965.60 million for 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 business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS. Equities research analysts anticipate that Allegion plc will post 7.22 EPS for the current fiscal year.

Insider Activity

In other 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 value of $267,624.12. Following the sale, the senior vice president now directly owns 11,103 shares in the company, valued at $1,354,343.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group increased their price target 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 increased their price target on shares of Allegion from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Finally, Barclays increased their price objective on shares of Allegion from $112.00 to $117.00 and gave the company an “underweight” rating in a research note on Thursday, July 25th. One 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.com, the company presently has an average 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.