William Blair Investment Management LLC Has $420,000 Stock Holdings in Allegion plc (NYSE:ALLE)

William Blair Investment Management LLC lifted its position in Allegion plc (NYSE:ALLE) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,115 shares of the scientific and technical instruments company’s stock after purchasing an additional 116 shares during the quarter. William Blair Investment Management LLC’s holdings in Allegion were worth $420,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several analysts have commented on ALLE shares. UBS Group raised their target price on shares of Allegion from $113.00 to $132.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Barclays dropped their price objective on shares of Allegion from $116.00 to $112.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company reduced their target price on shares of Allegion from $141.00 to $125.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $123.67.

Insider Transactions at Allegion

In other news, SVP Tracy L. Kemp sold 2,194 shares of the firm’s stock in a transaction that occurred 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by corporate insiders.

Allegion Stock Down 0.9 %

Shares of Allegion stock traded down $1.10 during trading hours on Wednesday, reaching $126.92. 564,221 shares of the company’s stock were exchanged, compared to its average volume of 691,710. The stock has a market cap of $11.10 billion, a P/E ratio of 20.70, a P/E/G ratio of 3.86 and a beta of 1.13. The company has a 50 day moving average of $119.85 and a two-hundred day moving average of $124.97. The company has a current ratio of 1.31, a quick ratio of 0.87 and a debt-to-equity ratio of 1.18. Allegion plc has a fifty-two week low of $95.94 and a fifty-two week high of $136.91.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. The firm had revenue of $893.90 million for the quarter, compared to the consensus estimate of $888.27 million. Allegion had a return on equity of 48.58% and a net margin of 14.93%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.58 earnings per share. On average, sell-side analysts forecast that Allegion plc will post 7.09 EPS for the current fiscal year.

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.