Everence Capital Management Inc. Increases Stake in Allegion PLC (ALLE)

Everence Capital Management Inc. increased its holdings in Allegion PLC (NYSE:ALLE) by 110.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,005 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,145 shares during the period. Everence Capital Management Inc.’s holdings in Allegion were worth $478,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. QS Investors LLC boosted its position in Allegion by 1.2% during the 2nd quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock valued at $106,000 after buying an additional 16 shares during the period. Thrivent Financial For Lutherans boosted its position in Allegion by 3.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 3,621 shares of the scientific and technical instruments company’s stock valued at $294,000 after buying an additional 120 shares during the period. Suntrust Banks Inc. boosted its position in Allegion by 5.5% during the 2nd quarter. Suntrust Banks Inc. now owns 2,923 shares of the scientific and technical instruments company’s stock valued at $236,000 after buying an additional 153 shares during the period. Sentry Investment Management LLC boosted its position in Allegion by 12.4% during the 2nd quarter. Sentry Investment Management LLC now owns 4,516 shares of the scientific and technical instruments company’s stock valued at $366,000 after buying an additional 497 shares during the period. Finally, Whittier Trust Co. boosted its position in Allegion by 94.2% during the 3rd quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock valued at $107,000 after buying an additional 600 shares during the period. 89.54% of the stock is owned by institutional investors.

Allegion PLC (NYSE:ALLE) opened at $80.11 on Wednesday. The company has a debt-to-equity ratio of 3.79, a current ratio of 2.14 and a quick ratio of 1.54. Allegion PLC has a 1-year low of $66.72 and a 1-year high of $89.81. The company has a market cap of $7,518.82, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 1.33 and a beta of 1.10.

Several brokerages have commented on ALLE. Zacks Investment Research lowered shares of Allegion from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Wolfe Research upgraded shares of Allegion from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. BidaskClub lowered shares of Allegion from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $100.00 price objective (up from $90.00) on shares of Allegion in a report on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $89.75.

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About Allegion

Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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