Atria Wealth Solutions Inc. Purchases 154 Shares of Allegion PLC (NYSE:ALLE)

Atria Wealth Solutions Inc. boosted its stake in shares of Allegion PLC (NYSE:ALLE) by 5.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,924 shares of the scientific and technical instruments company’s stock after acquiring an additional 154 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Allegion were worth $381,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ALLE. Avantax Advisory Services Inc. boosted its position in shares of Allegion by 1.8% during the first quarter. Avantax Advisory Services Inc. now owns 4,180 shares of the scientific and technical instruments company’s stock valued at $545,000 after buying an additional 73 shares during the period. Whittier Trust Co. increased its position in shares of Allegion by 16.6% during the first quarter. Whittier Trust Co. now owns 576 shares of the scientific and technical instruments company’s stock worth $75,000 after purchasing an additional 82 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Allegion by 2.4% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,593 shares of the scientific and technical instruments company’s stock worth $469,000 after purchasing an additional 83 shares in the last quarter. DMC Group LLC increased its position in shares of Allegion by 2.2% during the first quarter. DMC Group LLC now owns 3,953 shares of the scientific and technical instruments company’s stock worth $516,000 after purchasing an additional 85 shares in the last quarter. Finally, Rovin Capital UT ADV increased its position in shares of Allegion by 2.3% during the first quarter. Rovin Capital UT ADV now owns 4,215 shares of the scientific and technical instruments company’s stock worth $550,000 after purchasing an additional 96 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Stock Down 0.6%

ALLE stock opened at $168.58 on Friday. The firm has a market cap of $14.47 billion, a PE ratio of 23.41, a PEG ratio of 3.64 and a beta of 1.05. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.64 and a current ratio of 2.30. The firm’s 50 day moving average price is $151.24 and its 200-day moving average price is $138.73. Allegion PLC has a one year low of $116.57 and a one year high of $170.11.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $999.10 million. Allegion had a return on equity of 42.62% and a net margin of 16.15%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.96 earnings per share. On average, equities research analysts anticipate that Allegion PLC will post 7.77 EPS for the current year.

Wall Street Analysts Forecast Growth

ALLE has been the topic of several research reports. The Goldman Sachs Group upped their target price on Allegion from $149.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Robert W. Baird increased their target price on shares of Allegion from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Morgan Stanley raised their target price on Allegion from $139.00 to $151.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Barclays upgraded Allegion from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $156.00 to $163.00 in a report on Thursday. Finally, Bank of America upgraded Allegion from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $110.00 to $175.00 in a report on Tuesday, July 29th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $166.75.

Insider Buying and Selling

In other news, SVP Tracy L. Kemp sold 3,849 shares of the stock in a transaction 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 sale, the senior vice president directly owned 8,773 shares in the company, valued at approximately $1,446,843.16. This trade represents a 30.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Timothy P. Eckersley sold 10,810 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total value of $1,781,055.60. Following the completion of the sale, the senior vice president owned 30,023 shares in the company, valued at approximately $4,946,589.48. The trade was a 26.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

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.