Bokf Na Raises Stock Holdings in Allegion plc (NYSE:ALLE)

Bokf Na boosted its holdings in Allegion plc (NYSE:ALLE) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,466 shares of the scientific and technical instruments company’s stock after buying an additional 476 shares during the quarter. Bokf Na’s holdings in Allegion were worth $1,385,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ALLE. Massachusetts Financial Services Co. MA purchased a new stake in shares of Allegion during the 4th quarter valued at about $120,959,000. Norges Bank purchased a new stake in shares of Allegion during the 4th quarter valued at about $110,740,000. APG Asset Management US Inc. purchased a new stake in shares of Allegion during the 4th quarter valued at about $66,449,000. Brown Advisory Inc. increased its position in shares of Allegion by 33.0% during the 4th quarter. Brown Advisory Inc. now owns 1,895,352 shares of the scientific and technical instruments company’s stock valued at $240,122,000 after purchasing an additional 470,104 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Allegion by 15.9% during the 4th quarter. Van ECK Associates Corp now owns 3,215,649 shares of the scientific and technical instruments company’s stock valued at $407,391,000 after acquiring an additional 441,882 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

ALLE stock traded up $3.89 during midday trading on Friday, hitting $136.77. The company’s stock had a trading volume of 1,089,910 shares, compared to its average volume of 777,593. Allegion plc has a 12 month low of $95.94 and a 12 month high of $137.52. The company has a quick ratio of 0.87, a current ratio of 1.66 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 4.22 and a beta of 1.13. The company has a 50 day moving average of $120.26 and a two-hundred day moving average of $125.24.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.12. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The business had revenue of $965.60 million during the quarter, compared to the consensus estimate of $953.63 million. During the same period in the prior year, the company posted $1.76 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts expect that Allegion plc will post 7.22 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity

In other news, SVP Tracy L. Kemp sold 2,194 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $121.98, for a total transaction of $267,624.12. Following the completion of the transaction, the senior vice president now directly owns 11,103 shares in the company, valued at approximately $1,354,343.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

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.