CANADA LIFE ASSURANCE Co Sells 1,155 Shares of Allegion plc (NYSE:ALLE)

CANADA LIFE ASSURANCE Co cut its position in Allegion plc (NYSE:ALLE) by 2.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,391 shares of the scientific and technical instruments company’s stock after selling 1,155 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.06% of Allegion worth $6,519,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. HB Wealth Management LLC purchased a new stake in Allegion in the fourth quarter valued at approximately $201,000. CVA Family Office LLC purchased a new stake in Allegion in the 4th quarter worth approximately $28,000. Assenagon Asset Management S.A. boosted its position in Allegion by 3.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,905 shares of the scientific and technical instruments company’s stock worth $621,000 after purchasing an additional 183 shares in the last quarter. Schechter Investment Advisors LLC boosted its position in Allegion by 3.9% in the 4th quarter. Schechter Investment Advisors LLC now owns 2,554 shares of the scientific and technical instruments company’s stock worth $324,000 after purchasing an additional 97 shares in the last quarter. Finally, JLB & Associates Inc. boosted its position in Allegion by 7.1% in the 4th quarter. JLB & Associates Inc. now owns 27,828 shares of the scientific and technical instruments company’s stock worth $3,526,000 after purchasing an additional 1,844 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Allegion Stock Up 3.0 %

NYSE ALLE opened at $136.83 on Friday. The business has a fifty day moving average price of $120.26 and a 200 day moving average price of $125.23. Allegion plc has a one year low of $95.94 and a one year high of $137.52. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.87 and a current ratio of 1.66. The company has a market cap of $11.92 billion, a P/E ratio of 22.32, a P/E/G ratio of 4.10 and a beta of 1.13.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.84 by $0.12. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The firm had revenue of $965.60 million during the quarter, compared to the consensus estimate of $953.63 million. During the same period in the prior year, the company earned $1.76 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Research analysts anticipate that Allegion plc will post 7.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ALLE shares. Wells Fargo & Company upped their price objective on Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays upped their price objective on Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, UBS Group upped their price objective on Allegion from $113.00 to $132.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $126.50.

Insider Transactions at Allegion

In related news, SVP Tracy L. Kemp sold 2,194 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $121.98, for a total transaction of $267,624.12. Following the completion of the sale, the senior vice president now directly owns 11,103 shares of the company’s stock, valued at approximately $1,354,343.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

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.