Natixis Advisors L.P. Buys 3,310 Shares of Allegion plc (NYSE:ALLE)

Natixis Advisors L.P. increased its stake in shares of Allegion plc (NYSE:ALLE) by 11.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 32,211 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,310 shares during the period. Natixis Advisors L.P.’s holdings in Allegion were worth $3,438,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. raised its holdings in Allegion by 27.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,068 shares of the scientific and technical instruments company’s stock worth $996,000 after acquiring an additional 1,944 shares during the period. American Century Companies Inc. increased its stake in shares of Allegion by 11.8% in the first quarter. American Century Companies Inc. now owns 5,825 shares of the scientific and technical instruments company’s stock worth $639,000 after purchasing an additional 614 shares during the period. HighTower Advisors LLC lifted its position in shares of Allegion by 7.9% during the 1st quarter. HighTower Advisors LLC now owns 6,947 shares of the scientific and technical instruments company’s stock worth $759,000 after purchasing an additional 510 shares during the last quarter. Private Advisor Group LLC boosted its stake in Allegion by 35.2% during the 1st quarter. Private Advisor Group LLC now owns 2,090 shares of the scientific and technical instruments company’s stock valued at $229,000 after purchasing an additional 544 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Allegion by 88.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,336 shares of the scientific and technical instruments company’s stock valued at $366,000 after buying an additional 1,564 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Price Performance

NYSE:ALLE opened at $114.72 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.20 and a current ratio of 1.93. The company has a 50-day moving average of $115.93 and a 200-day moving average of $111.42. Allegion plc has a 52 week low of $87.33 and a 52 week high of $128.36. The company has a market capitalization of $10.07 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 3.02 and a beta of 1.11.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.04. The firm had revenue of $912.50 million during the quarter, compared to analysts’ expectations of $936.25 million. Allegion had a net margin of 14.27% and a return on equity of 59.20%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 earnings per share. As a group, equities research analysts anticipate that Allegion plc will post 6.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on ALLE. StockNews.com assumed coverage on Allegion in a report on Thursday, August 17th. They set a “hold” rating for the company. Barclays upped their target price on shares of Allegion from $120.00 to $130.00 in a research note on Monday, July 10th. Finally, Robert W. Baird boosted their price objective on shares of Allegion from $126.00 to $132.00 in a report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Allegion currently has an average rating of “Moderate Buy” and an average price target of $123.50.

Insider Buying and Selling

In other Allegion news, SVP Jennifer L. Hawes sold 750 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $117.50, for a total value of $88,125.00. Following the sale, the senior vice president now directly owns 4,488 shares in the company, valued at $527,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Allegion news, CEO John H. Stone bought 17,500 shares of Allegion stock in a transaction dated Thursday, July 27th. The shares were acquired at an average cost of $116.62 per share, with a total value of $2,040,850.00. Following the acquisition, the chief executive officer now directly owns 94,248 shares of the company’s stock, valued at $10,991,201.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jennifer L. Hawes sold 750 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $117.50, for a total value of $88,125.00. Following the sale, the senior vice president now owns 4,488 shares in the company, valued at $527,340. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

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.