Kentucky Retirement Systems Sells 357 Shares of Allegion plc (NYSE:ALLE)

Kentucky Retirement Systems lessened its position in shares of Allegion plc (NYSE:ALLE) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,667 shares of the scientific and technical instruments company’s stock after selling 357 shares during the period. Kentucky Retirement Systems’ holdings in Allegion were worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp increased its position in Allegion by 2.8% during the 1st quarter. Van ECK Associates Corp now owns 3,306,600 shares of the scientific and technical instruments company’s stock worth $445,432,000 after purchasing an additional 90,951 shares in the last quarter. Brown Advisory Inc. increased its position in Allegion by 33.0% during the 4th quarter. Brown Advisory Inc. now owns 1,895,352 shares of the scientific and technical instruments company’s stock worth $240,122,000 after purchasing an additional 470,104 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Allegion during the 4th quarter worth approximately $120,959,000. Norges Bank acquired a new position in Allegion during the 4th quarter worth approximately $110,740,000. Finally, Russell Investments Group Ltd. increased its position in Allegion by 1.4% during the 1st quarter. Russell Investments Group Ltd. now owns 856,816 shares of the scientific and technical instruments company’s stock worth $115,411,000 after purchasing an additional 11,947 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling

In related news, SVP Tracy L. Kemp sold 2,194 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $121.98, for a total transaction of $267,624.12. Following the transaction, the senior vice president now directly owns 11,103 shares of the company’s stock, valued at $1,354,343.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company upped their price target on shares of Allegion from $125.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday. Barclays upped their price target on shares of Allegion from $112.00 to $117.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, UBS Group upped their price target on shares of Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $125.40.

Allegion Trading Up 0.9 %

Shares of ALLE traded up $1.22 during trading hours on Monday, hitting $137.99. 226,101 shares of the stock were exchanged, compared to its average volume of 701,969. Allegion plc has a fifty-two week low of $95.94 and a fifty-two week high of $138.39. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.66 and a quick ratio of 1.23. The business has a 50-day moving average of $120.26 and a 200-day moving average of $125.26. The firm has a market capitalization of $12.02 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 4.22 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 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.12. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The company had revenue of $965.60 million during the quarter, compared to analysts’ expectations of $953.63 million. During the same period in the prior year, the company posted $1.76 earnings per share. Allegion’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research analysts expect that Allegion plc will post 7.22 EPS for the current year.

About Allegion

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.