Whittier Trust Co. of Nevada Inc. Acquires 279 Shares of Allegion plc (NYSE:ALLE)

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Allegion plc (NYSE:ALLE) by 147.6% during the second quarter, Holdings Channel reports. The fund owned 468 shares of the scientific and technical instruments company’s stock after acquiring an additional 279 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Allegion were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in shares of Allegion by 20.9% during the fourth quarter. Signaturefd LLC now owns 765 shares of the scientific and technical instruments company’s stock worth $97,000 after purchasing an additional 132 shares during the period. Kestra Private Wealth Services LLC raised its holdings in Allegion by 61.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 3,589 shares of the scientific and technical instruments company’s stock valued at $455,000 after acquiring an additional 1,368 shares in the last quarter. Mission Wealth Management LP lifted its position in shares of Allegion by 5.0% during the 4th quarter. Mission Wealth Management LP now owns 8,404 shares of the scientific and technical instruments company’s stock valued at $1,065,000 after acquiring an additional 403 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Allegion by 112.7% during the 4th quarter. Victory Capital Management Inc. now owns 68,737 shares of the scientific and technical instruments company’s stock worth $8,708,000 after purchasing an additional 36,414 shares in the last quarter. Finally, New York Life Investment Management LLC increased its position in shares of Allegion by 1.3% in the fourth quarter. New York Life Investment Management LLC now owns 12,919 shares of the scientific and technical instruments company’s stock worth $1,637,000 after purchasing an additional 167 shares during the period. Institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

Shares of Allegion stock traded up $2.11 during midday trading on Thursday, hitting $138.74. 167,838 shares of the company traded hands, compared to its average volume of 694,577. The firm’s fifty day moving average price is $126.34 and its 200-day moving average price is $126.59. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 4.08 and a beta of 1.13. Allegion plc has a 12 month low of $95.94 and a 12 month high of $141.99. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.23 and a current ratio of 1.66.

Allegion (NYSE:ALLE) last posted its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The firm had revenue of $965.60 million for the quarter, compared to analysts’ expectations of $953.63 million. During the same quarter in the previous year, the firm posted $1.76 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that Allegion plc will post 7.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ALLE has been the subject of several recent analyst reports. Barclays upped their price objective on shares of Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a research report on Thursday, July 25th. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Finally, Wells Fargo & Company upped their target price on Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research note 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, Allegion presently has a consensus rating of “Hold” and an average price target of $125.40.

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.