Blue Trust Inc. owns $41,000 in Allegion plc (NYSE:ALLE)

VaselineAugust 26, 2024

0 3 minutes read

Blue Trust Inc. increased its position in shares of Allegion plc (NYSE:ALLE – Free Report) by 54.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 345 shares of the scientific and technical instruments company’s stock after acquiring an additional 121 shares during the quarter. Holdings of Blue Trust Inc. in Allegion were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System bought a new position in Allegion in the 4th quarter valued at approximately $671,000. Signaturefd LLC boosted its holdings in shares of Allegion by 20.9% in the fourth quarter. Signaturefd LLC now owns 765 shares of the scientific and technical instruments company’s stock valued at $97,000 after purchasing an additional 132 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Allegion by 4.4% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,351 shares of the scientific and technical instruments company’s stock valued at $1,058,000 after purchasing an additional 349 shares during the last quarter. South Dakota Investment Council boosted its position in shares of Allegion by 100.0% during the fourth quarter. South Dakota Investment Council now owns 1,300 shares of the scientific and technical instruments company’s stock valued at $165,000 after purchasing an additional 650 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Allegion by 15.9% during the fourth quarter. Van ECK Associates Corp now owns 3,215,649 shares of the scientific and technical instruments company’s stock worth $407,391,000 after buying an additional 441,882 shares in the last quarter. 92.21% of shares are owned by institutional investors and hedge funds.

Changes in Analyst Ratings

Several brokerages had an influence on ALLE. 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, July 25th. Wells Fargo & Company upped their target price on shares of Allegion from $125.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Finally, StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. One investment 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. The stock has a consensus rating of “Hold” and a consensus price target of $125.40, according to MarketBeat.

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Insider buying and selling at Allegion

In other Allegion news, SVP Tracy L. Kemp sold 2,194 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was 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 $1,354,343.94. The sale was disclosed in a filing with the SEC, which is accessible via this link. 0.33% of shares are owned by corporate insiders.

Allegion trading up 1.5%

NYSE ALLE opened at $137.00 on Friday. The company’s fifty day moving average is $125.09 and its 200 day moving average is $126.43. 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 stock has a market cap of $11.98 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 4.08 and a beta of 1.13. Allegion plc has a one year low of $95.94 and a one year high of $141.99.

Allegion (NYSE:ALLE – Get Your Free Report ) 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. The firm had revenue of $965.60 million during the quarter, compared to the consensus estimate of $953.63 million. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.76 EPS. equities research analysts predict that Allegion plc will post 7.22 EPS for the current year.

Allegion profile

(Free report)

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, lock sets, portable locks and key systems and services; electronic security products and access control systems; time, attendance and workforce productivity systems; doors, accessories and more.