Allegion PLC (NYSE:ALLE) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of Allegion PLC (NYSE:ALLE) by 10.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,887 shares of the scientific and technical instruments company’s stock after selling 8,880 shares during the quarter. Natixis Advisors LLC’s holdings in Allegion were worth $9,770,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ALLE. Wayfinding Financial LLC acquired a new position in Allegion in the first quarter valued at $30,000. Colonial Trust Co SC boosted its holdings in Allegion by 192.9% in the fourth quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 164 shares during the last quarter. Garde Capital Inc. acquired a new position in Allegion in the first quarter valued at $36,000. GeoWealth Management LLC boosted its holdings in Allegion by 259.3% in the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 223 shares during the last quarter. Finally, Oakworth Capital Inc. acquired a new position in Allegion in the first quarter valued at $46,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Activity

In other news, SVP Tracy L. Kemp sold 3,849 shares of Allegion stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $164.92, for a total transaction of $634,777.08. Following the sale, the senior vice president directly owned 8,773 shares of the company’s stock, valued at approximately $1,446,843.16. The trade was a 30.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

ALLE has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Allegion from $149.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Wells Fargo & Company lifted their target price on Allegion from $150.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Barclays lifted their target price on Allegion from $135.00 to $156.00 and gave the company an “underweight” rating in a report on Friday, July 25th. Mizuho raised their price objective on Allegion from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Finally, Robert W. Baird raised their price objective on Allegion from $150.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $165.88.

Allegion Trading Up 1.0%

NYSE:ALLE opened at $166.85 on Tuesday. The business’s 50-day moving average is $146.76 and its two-hundred day moving average is $136.77. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.30 and a quick ratio of 1.64. Allegion PLC has a 12 month low of $116.57 and a 12 month high of $167.24. The firm has a market capitalization of $14.32 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 3.54 and a beta of 1.05.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.04. Allegion had a return on equity of 42.62% and a net margin of 16.15%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $999.10 million. During the same period in the previous year, the company earned $1.96 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Research analysts predict that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

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.