Dynasty Wealth Management LLC Purchases 109 Shares of Allegion PLC (NYSE:ALLE)

Dynasty Wealth Management LLC raised its stake in shares of Allegion PLC (NYSE:ALLE) by 2.8% in the first quarter, Holdings Channel.com reports. The firm owned 4,030 shares of the scientific and technical instruments company’s stock after buying an additional 109 shares during the period. Dynasty Wealth Management LLC’s holdings in Allegion were worth $526,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fiduciary Management Inc. WI bought a new position in Allegion in the fourth quarter worth about $116,484,000. Norges Bank purchased a new position in shares of Allegion during the 4th quarter worth $108,058,000. Lord Abbett & CO. LLC lifted its stake in Allegion by 24.8% in the 4th quarter. Lord Abbett & CO. LLC now owns 2,089,239 shares of the scientific and technical instruments company’s stock worth $273,022,000 after purchasing an additional 414,595 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Allegion by 11,506.8% in the 4th quarter. Squarepoint Ops LLC now owns 272,295 shares of the scientific and technical instruments company’s stock worth $35,584,000 after purchasing an additional 269,949 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Allegion by 19.2% in the 4th quarter. Deutsche Bank AG now owns 1,641,810 shares of the scientific and technical instruments company’s stock worth $214,552,000 after buying an additional 264,379 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

Shares of ALLE stock opened at $153.65 on Friday. The stock’s fifty day moving average is $142.94 and its 200-day moving average is $134.33. The stock has a market capitalization of $13.22 billion, a PE ratio of 21.58, a PEG ratio of 3.68 and a beta of 1.01. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $156.10. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.51 and a current ratio of 2.17.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.18. Allegion had a return on equity of 44.82% and a net margin of 16.28%. The firm had revenue of $941.90 million during the quarter, compared to analysts’ expectations of $918.53 million. During the same period in the previous year, the firm earned $1.55 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that Allegion PLC will post 7.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ALLE. Morgan Stanley boosted their price objective 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. Barclays upped their price target on shares of Allegion from $128.00 to $135.00 and gave the company an “underweight” rating in a research note on Wednesday, July 9th. Robert W. Baird raised their price target on shares of Allegion from $144.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. The Goldman Sachs Group raised their price target on shares of Allegion from $149.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. started 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. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $151.57.

Allegion 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.