Mount Yale Investment Advisors LLC Takes $310,000 Position in Allegion plc (NYSE:ALLE)

Mount Yale Investment Advisors LLC acquired a new stake in Allegion plc (NYSE:ALLE) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,304 shares of the scientific and technical instruments company’s stock, valued at approximately $310,000.

A number of other hedge funds also recently made changes to their positions in the business. Van ECK Associates Corp raised its stake 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 valued at $445,432,000 after buying an additional 90,951 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Allegion by 33.0% in 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 during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Allegion in the 4th quarter worth about $120,959,000. Norges Bank bought a new stake in shares of Allegion in the 4th quarter worth about $110,740,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Allegion by 1.4% in 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 during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insiders Place Their Bets

In other Allegion news, SVP Tracy L. Kemp sold 2,194 shares of Allegion 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 completion of the transaction, the senior vice president now directly owns 11,103 shares of the company’s stock, valued at $1,354,343.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.33% of the company’s stock.

Allegion Stock Up 0.7 %

ALLE stock traded up $0.89 during mid-day trading on Monday, hitting $137.66. 757,731 shares of the company were exchanged, compared to its average volume of 705,661. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.23 and a current ratio of 1.66. The firm has a market cap of $11.99 billion, a P/E ratio of 22.31, a P/E/G ratio of 4.22 and a beta of 1.13. The firm’s 50 day simple moving average is $120.26 and its 200 day simple moving average is $125.26. Allegion plc has a 1-year low of $95.94 and a 1-year high of $138.68.

Allegion (NYSE:ALLE) last announced its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.84 by $0.12. The firm had revenue of $965.60 million for the quarter, compared to the consensus estimate of $953.63 million. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS. On average, sell-side analysts predict that Allegion plc will post 7.22 EPS for the current fiscal year.

Analyst Ratings Changes

ALLE has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a report on Thursday. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company raised their target price on shares of Allegion from $125.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, UBS Group raised their target price on shares of Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Allegion presently has a consensus rating of “Hold” and an average target price of $125.40.

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.