Lecap Asset Management Ltd. acquired a new stake in shares of Allegion plc (NYSE:ALLE – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 12,965 shares of the scientific and technical instruments company’s stock, valued at approximately $1,532,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ALLE. Stifel Financial Corp boosted its stake in Allegion by 4.1% in the fourth quarter. Stifel Financial Corp now owns 130,196 shares of the scientific and technical instruments company’s stock valued at $16,495,000 after acquiring an additional 5,133 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Allegion during the first quarter worth $2,271,000. BNP Paribas Financial Markets lifted its stake in shares of Allegion by 90.7% during the first quarter. BNP Paribas Financial Markets now owns 121,597 shares of the scientific and technical instruments company’s stock worth $16,380,000 after buying an additional 57,832 shares during the period. Morningstar Investment Services LLC lifted its stake in shares of Allegion by 107.6% during the fourth quarter. Morningstar Investment Services LLC now owns 218,489 shares of the scientific and technical instruments company’s stock worth $27,717,000 after buying an additional 113,227 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Allegion by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 850,987 shares of the scientific and technical instruments company’s stock worth $107,813,000 after buying an additional 19,981 shares during the period. 92.21% of the stock is currently owned by institutional investors.
Allegion Trading Up 1.8 %
Shares of NYSE:ALLE traded up $2.32 during mid-day trading on Wednesday, reaching $134.53. 509,819 shares of the company were exchanged, compared to its average volume of 702,712. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.66 and a quick ratio of 1.23. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 4.08 and a beta of 1.13. The firm’s 50-day simple moving average is $124.36 and its 200 day simple moving average is $126.29. Allegion plc has a 1 year low of $95.94 and a 1 year high of $141.99.
Analyst Ratings Changes
Several brokerages recently issued reports on ALLE. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Wells Fargo & Company raised 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 lifted their price objective on shares of Allegion from $112.00 to $117.00 and gave the company an “underweight” rating in a report on Thursday, July 25th. One research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $125.40.
Check Out Our Latest Stock Analysis on ALLE
Insider Activity
In other news, SVP Tracy L. Kemp sold 2,194 shares of the firm’s stock in a transaction 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 approximately $1,354,343.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.33% of the company’s stock.
About Allegion
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.
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