Guggenheim Capital LLC Has $860,000 Stock Position in Allegion plc (NYSE:ALLE)

Guggenheim Capital LLC decreased its stake in shares of Allegion plc (NYSE:ALLE) by 12.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,061 shares of the scientific and technical instruments company’s stock after selling 1,096 shares during the period. Guggenheim Capital LLC’s holdings in Allegion were worth $860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Compass Wealth Management LLC bought a new stake in Allegion during the 4th quarter worth about $25,000. Ameritas Advisory Services LLC bought a new stake in Allegion during the 1st quarter worth about $27,000. First Horizon Advisors Inc. raised its holdings in Allegion by 55.0% during the 4th quarter. First Horizon Advisors Inc. now owns 296 shares of the scientific and technical instruments company’s stock worth $31,000 after purchasing an additional 105 shares during the last quarter. Signaturefd LLC raised its holdings in Allegion by 134.1% during the 1st quarter. Signaturefd LLC now owns 309 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 177 shares during the last quarter. Finally, CWM LLC raised its holdings in Allegion by 44.9% during the 1st quarter. CWM LLC now owns 371 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Activity at Allegion

In other news, CEO John H. Stone purchased 17,500 shares of Allegion stock in a transaction on Thursday, July 27th. The stock was purchased at an average price of $116.62 per share, with a total value of $2,040,850.00. Following the transaction, the chief executive officer now directly owns 94,248 shares in the company, valued at approximately $10,991,201.76. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO John H. Stone purchased 17,500 shares of Allegion stock in a transaction on Thursday, July 27th. The stock was purchased at an average price of $116.62 per share, with a total value of $2,040,850.00. Following the transaction, the chief executive officer now directly owns 94,248 shares in the company, valued at approximately $10,991,201.76. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jennifer L. Hawes sold 750 shares of the company’s 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 transaction, the senior vice president now directly owns 4,488 shares of the company’s stock, valued at approximately $527,340. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Allegion Price Performance

Shares of ALLE opened at $114.75 on Tuesday. 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 stock has a 50 day simple moving average of $115.88 and a 200 day simple moving average of $111.26. Allegion plc has a 52-week low of $87.33 and a 52-week high of $128.36. The firm has a market capitalization of $10.07 billion, a PE ratio of 19.65, a P/E/G ratio of 3.12 and a beta of 1.11.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.04. Allegion had a return on equity of 59.20% and a net margin of 14.27%. The business had revenue of $912.50 million during the quarter, compared to analyst estimates of $936.25 million. During the same period in the previous year, the firm earned $1.37 EPS. Allegion’s quarterly revenue was up 18.0% compared to the same quarter last year. Sell-side analysts predict that Allegion plc will post 6.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.