Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 3,200 Shares of Allegion PLC $ALLE

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Allegion PLC (NYSE:ALLE) by 23.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,832 shares of the scientific and technical instruments company’s stock after buying an additional 3,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Allegion were worth $2,196,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ALLE. Wayfinding Financial LLC bought a new position in shares of Allegion during the first quarter valued at approximately $30,000. Colonial Trust Co SC increased its stake in shares of Allegion by 192.9% during 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 purchasing an additional 164 shares in the last quarter. Garde Capital Inc. bought a new position in shares of Allegion during the first quarter valued at approximately $36,000. Cary Street Partners Investment Advisory LLC increased its stake in shares of Allegion by 91.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 299 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 143 shares in the last quarter. Finally, GeoWealth Management LLC increased its stake in shares of Allegion by 259.3% during the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 223 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ALLE. Morgan Stanley raised their price target on shares of Allegion from $139.00 to $151.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Robert W. Baird raised their price target on shares of Allegion from $150.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Barclays raised shares of Allegion from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $156.00 to $163.00 in a research report on Thursday. JPMorgan Chase & Co. began coverage on shares of Allegion in a research report on Tuesday, June 24th. They set an “overweight” rating and a $170.00 price target for the company. Finally, Bank of America raised shares of Allegion from an “underperform” rating to a “neutral” rating and raised their price target for the company from $110.00 to $175.00 in a research report on Tuesday, July 29th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $166.75.

Insider Buying and Selling at Allegion

In other news, SVP Timothy P. Eckersley sold 10,810 shares of Allegion stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total transaction of $1,781,055.60. Following the transaction, the senior vice president owned 30,023 shares in the company, valued at $4,946,589.48. This trade represents a 26.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Tracy L. Kemp sold 3,849 shares of Allegion stock in a transaction on Friday, July 25th. The stock was sold at an average price of $164.92, for a total transaction of $634,777.08. Following the transaction, the senior vice president owned 8,773 shares in the company, valued at $1,446,843.16. This represents a 30.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Allegion Trading Down 0.8%

Shares of ALLE stock opened at $167.22 on Monday. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $170.11. The company has a current ratio of 2.30, a quick ratio of 1.64 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average is $151.80 and its 200 day moving average is $139.06. The stock has a market capitalization of $14.36 billion, a P/E ratio of 23.23, a P/E/G ratio of 3.58 and a beta of 1.05.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.04. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $999.10 million. During the same quarter last year, the company posted $1.96 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. Research analysts expect that Allegion PLC will post 7.77 earnings per share for the current year.

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.