Sigma Planning Corp Has $278,000 Stake in Allegion PLC (NYSE:ALLE)

Sigma Planning Corp trimmed its stake in shares of Allegion PLC (NYSE:ALLE) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,518 shares of the scientific and technical instruments company’s stock after selling 300 shares during the period. Sigma Planning Corp’s holdings in Allegion were worth $278,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC acquired a new position in shares of Allegion during the first quarter worth approximately $26,000. Starr International Co. Inc. acquired a new position in Allegion in the first quarter valued at approximately $126,000. Parallel Advisors LLC lifted its holdings in Allegion by 214.1% in the first quarter. Parallel Advisors LLC now owns 1,690 shares of the scientific and technical instruments company’s stock valued at $153,000 after buying an additional 1,152 shares during the period. Baldwin Investment Management LLC acquired a new position in Allegion in the first quarter valued at approximately $204,000. Finally, Financial Gravity Wealth Inc. lifted its holdings in Allegion by 228.2% in the second quarter. Financial Gravity Wealth Inc. now owns 1,966 shares of the scientific and technical instruments company’s stock valued at $217,000 after buying an additional 1,367 shares during the period. Institutional investors own 93.44% of the company’s stock.

Shares of NYSE:ALLE opened at $95.46 on Thursday. Allegion PLC has a 52 week low of $74.83 and a 52 week high of $111.99. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.12 and a current ratio of 1.71. The company has a market capitalization of $9.02 billion, a PE ratio of 21.21, a PEG ratio of 1.76 and a beta of 1.15. The company has a 50 day moving average price of $104.12 and a two-hundred day moving average price of $98.10.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, July 25th. The scientific and technical instruments company reported $1.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.05). Allegion had a net margin of 15.65% and a return on equity of 68.47%. The firm had revenue of $731.20 million during the quarter, compared to the consensus estimate of $750.76 million. During the same period in the previous year, the company posted $1.19 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, sell-side analysts forecast that Allegion PLC will post 4.84 earnings per share for the current year.

In other news, SVP Jeffrey N. Braun sold 6,218 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $104.44, for a total transaction of $649,407.92. Following the completion of the sale, the senior vice president now owns 13,394 shares of the company’s stock, valued at $1,398,869.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Douglas P. Ranck sold 3,036 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $104.64, for a total transaction of $317,687.04. Following the sale, the chief accounting officer now directly owns 5,442 shares of the company’s stock, valued at approximately $569,450.88. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by corporate insiders.

Several equities analysts recently weighed in on ALLE shares. Credit Suisse Group lowered shares of Allegion from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $108.00 to $112.00 in a report on Monday, July 8th. They noted that the move was a valuation call. Morgan Stanley set a $100.00 target price on shares of Allegion and gave the company a “hold” rating in a research note on Friday, April 26th. Wells Fargo & Co upped their target price on shares of Allegion from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. ValuEngine downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Bank of America upped their target price on shares of Allegion from $114.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $105.88.

About Allegion

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile access control systems; exit devices; locks, locksets, portable locks, and key systems; time, attendance, and workforce productivity systems; and other accessories.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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