Avantax Advisory Services Inc. Boosts Holdings in Allegion PLC (NYSE:ALLE)

Avantax Advisory Services Inc. grew its position in shares of Allegion PLC (NYSE:ALLE) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,180 shares of the scientific and technical instruments company’s stock after buying an additional 73 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Allegion were worth $545,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ALLE. Wayfinding Financial LLC purchased a new position in Allegion during the first quarter worth $30,000. Colonial Trust Co SC boosted 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 acquiring an additional 164 shares during the last quarter. Garde Capital Inc. purchased a new stake in Allegion during the 1st quarter worth about $36,000. GeoWealth Management LLC raised its stake in Allegion by 259.3% in the 4th 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 during the last quarter. Finally, Oakworth Capital Inc. purchased a new position in Allegion in the 1st quarter valued at about $46,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Performance

Shares of Allegion stock opened at $165.36 on Wednesday. Allegion PLC has a 12 month low of $116.57 and a 12 month high of $167.24. The company has a quick ratio of 1.64, a current ratio of 2.30 and a debt-to-equity ratio of 1.14. The stock has a market cap of $14.20 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05. The business has a fifty day simple moving average of $147.69 and a 200-day simple moving average of $137.20.

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

Insider Transactions at Allegion

In other Allegion news, SVP Tracy L. Kemp sold 3,849 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $164.92, for a total value of $634,777.08. Following the completion of the transaction, the senior vice president owned 8,773 shares of the company’s stock, valued at $1,446,843.16. This represents a 30.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ALLE shares. Mizuho upped their price objective on shares of Allegion from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Robert W. Baird upped their price target on shares of Allegion from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. The Goldman Sachs Group lifted their price target on shares of Allegion from $149.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Barclays boosted their price objective on shares of Allegion from $135.00 to $156.00 and gave the company an “underweight” rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. assumed coverage on Allegion in a research report on Tuesday, June 24th. They issued an “overweight” rating and a $170.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Allegion has a consensus rating of “Hold” and an average target price of $165.88.

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.