Allegion plc (NYSE:ALLE) Stock Holdings Lowered by Gabelli Funds LLC

Gabelli Funds LLC lowered its position in shares of Allegion plc (NYSE:ALLE) by 4.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 15,700 shares of the scientific and technical instruments company’s stock after selling 700 shares during the period. Gabelli Funds LLC’s holdings in Allegion were worth $2,115,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Stifel Financial Corp grew its position in Allegion by 4.1% in the 4th quarter. Stifel Financial Corp now owns 130,196 shares of the scientific and technical instruments company’s stock valued at $16,495,000 after buying an additional 5,133 shares in the last quarter. Norden Group LLC bought a new position in Allegion in the 1st quarter valued at about $2,271,000. BNP Paribas Financial Markets grew its position in 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 valued at $16,380,000 after buying an additional 57,832 shares in the last quarter. Morningstar Investment Services LLC grew its position in Allegion by 107.6% in the 4th quarter. Morningstar Investment Services LLC now owns 218,489 shares of the scientific and technical instruments company’s stock valued at $27,717,000 after buying an additional 113,227 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in Allegion by 214.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 242,313 shares of the scientific and technical instruments company’s stock valued at $30,699,000 after buying an additional 165,165 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Trading Up 2.9 %

Shares of ALLE traded up $3.89 during midday trading on Friday, hitting $136.77. The stock had a trading volume of 1,089,910 shares, compared to its average volume of 777,593. Allegion plc has a fifty-two week low of $95.94 and a fifty-two week high of $137.52. The business has a 50-day simple moving average of $120.26 and a two-hundred day simple moving average of $125.24. The firm has a market cap of $11.92 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 4.22 and a beta of 1.13. The company has a current ratio of 1.66, a quick ratio of 0.87 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. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The company had revenue of $965.60 million during the quarter, compared to analysts’ expectations of $953.63 million. During the same period last year, the company posted $1.76 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts forecast that Allegion plc will post 7.22 EPS for the current year.

Wall Street Analysts Forecast Growth

ALLE has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company raised their price objective on shares of Allegion from $125.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday. Barclays raised their price objective on shares of Allegion from $112.00 to $117.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, UBS Group raised their price objective on shares of Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Allegion currently has a consensus rating of “Hold” and a consensus target price of $125.40.

Insider Buying and Selling

In related news, SVP Tracy L. Kemp sold 2,194 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $121.98, for a total transaction of $267,624.12. Following the completion of 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 SEC, which is accessible through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

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.