NBT Bank N A NY Cuts Holdings in Allegion plc (NYSE:ALLE)

NBT Bank N A NY lowered its stake in shares of Allegion plc (NYSE:ALLE) by 19.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,476 shares of the scientific and technical instruments company’s stock after selling 4,389 shares during the period. NBT Bank N A NY’s holdings in Allegion were worth $2,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of ALLE. Stifel Financial Corp raised its stake in shares of Allegion by 4.1% during the 4th quarter. Stifel Financial Corp now owns 130,196 shares of the scientific and technical instruments company’s stock worth $16,495,000 after acquiring an additional 5,133 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Allegion during the 1st quarter valued at $2,271,000. BNP Paribas Financial Markets boosted its position in shares of Allegion by 90.7% in the 1st quarter. BNP Paribas Financial Markets now owns 121,597 shares of the scientific and technical instruments company’s stock worth $16,380,000 after purchasing an additional 57,832 shares in the last quarter. Morningstar Investment Services LLC grew its stake in Allegion by 107.6% during the 4th 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 last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Allegion by 2.4% during the 4th 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 last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Stock Performance

Shares of Allegion stock traded up $1.53 on Friday, reaching $138.84. 682,071 shares of the stock were exchanged, compared to its average volume of 695,741. The business has a 50 day moving average price of $127.22 and a two-hundred day moving average price of $126.70. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 4.08 and a beta of 1.13. Allegion plc has a twelve month low of $95.94 and a twelve month 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 issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. The firm 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%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.76 earnings per share. Analysts anticipate that Allegion plc will post 7.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ALLE has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Barclays lifted their target price on shares of Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a research note on Thursday, July 25th. Finally, StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. One 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $125.40.

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.