Sumitomo Mitsui Trust Holdings Inc. makes a new $27.93 million investment in Allegion plc (NYSE:ALLE)


Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Allegion plc (NYSE:ALLE – Get Rating ) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 254,408 shares of the scientific and technical instruments company’s stock, valued at approximately $27,929,000. Sumitomo Mitsui Trust Holdings Inc. owned 0.29% of Allegion as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Ensign Peak Advisors Inc increased its position in shares of Allegion by 26.6% in the fourth quarter. Ensign Peak Advisors Inc now owns 42,709 shares of the scientific and technical instruments company’s stock valued at $5,656,000 after buying an additional 8,966 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Allegion by 7.7% in the fourth quarter. TD Asset Management Inc. now owns 57,572 shares of the scientific and technical instruments company’s stock valued at $7,625,000 after buying an additional 4,092 shares in the last quarter. AE Wealth Management LLC boosted its position in shares of Allegion by 5.5% in the fourth quarter. AE Wealth Management LLC now owns 2,707 shares of the scientific and technical instruments company’s stock valued at $359,000 after buying an additional 141 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Allegion by 3,825.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 31,600 shares of the scientific and technical instruments company’s stock valued at $4,185,000 after buying an additional 30,795 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Allegion by 12.8% in the fourth quarter. Van ECK Associates Corp now owns 10,862 shares of the scientific and technical instruments company’s stock worth $1,439,000 after buying an additional 1,234 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s shares.

Analysts set new price targets

A number of equities research analysts recently weighed in on ALLE shares. Barclays reduced their price objective on shares of Allegion from $140.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, July 8th. Robert W. Baird reduced their price objective on shares of Allegion from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, July 6th. William Blair reaffirmed a “market perform” rating on shares of Allegion in a report on Tuesday, April 26th. StockNews.com began coverage on shares of Allegion in a report on Thursday, March 31st. They set a “hold” rating on the company. Finally, Wells Fargo & Company reduced their price objective on shares of Allegion from $118.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $125.78.

Allegion Trading Up 1.5%

Shares of Allegion opened at $97.01 on Friday. The company has a market cap of $8.52 billion, a P/E ratio of 18.62, a PEG ratio of 2.34 and a beta of 1.05. The firm’s 50-day moving average is $104.58 and its 200-day moving average is $112.62. Allegion plc has a one year low of $93.05 and a one year high of $148.70. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.16, and a current ratio of 1.85.

Allegion (NYSE:ALLE – Get Rating ) last issued its quarterly earnings data on Tuesday, April 26th. The scientific and technical instruments company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.08. The firm had revenue of $723.60 million for the quarter, compared to the consensus estimate of $709.67 million. Allegion had a net margin of 16.15% and a return on equity of 57.54%. Allegion’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.20 EPS. On average, equities analysts expect that Allegion plc will post 5.6 earnings per share for the current year.

Allegion Insider Buying and Selling

In other Allegion news, SVP Jeffrey N. Braun sold 2,186 shares of the firm’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $114.02, for a total transaction of $249,247.72. Following the transaction, the senior vice president now owns 12,988 shares of the company’s stock, valued at approximately $1,480,891.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Timothy P. Eckersley sold 2,046 shares of Allegion stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $111.32, for a total value of $227,760.72. Following the transaction, the vice president now directly owns 34,284 shares of the company’s stock, valued at $3,816,494.88. The transaction was disclosed in a legal filing with the SEC, which is accessible via this link. Also, SVP Jeffrey N. Braun sold 2,186 shares of Allegion stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $114.02, for a total transaction of $249,247.72. Following the completion of the transaction, the senior vice president now directly owns 12,988 shares in the company, valued at $1,480,891.76. Disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,926 shares of company stock worth $1,004,286. Company insiders own 0.79% of the company’s stock.

About Allegion

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

See also

Institutional ownership by Quarter for Allegion (NYSE:ALLE)



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