Lafayette Investments Inc. Buys 766 Shares of Allegion plc (NYSE:ALLE)

Lafayette Investments Inc. grew its stake in shares of Allegion plc (NYSE:ALLE) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,501 shares of the scientific and technical instruments company’s stock after acquiring an additional 766 shares during the quarter. Lafayette Investments Inc.’s holdings in Allegion were worth $3,840,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Kestra Private Wealth Services LLC grew its position in Allegion by 61.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 3,589 shares of the scientific and technical instruments company’s stock valued at $455,000 after purchasing an additional 1,368 shares during the last quarter. Mission Wealth Management LP raised its holdings in Allegion by 5.0% in the fourth quarter. Mission Wealth Management LP now owns 8,404 shares of the scientific and technical instruments company’s stock worth $1,065,000 after buying an additional 403 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Allegion by 112.7% in the fourth quarter. Victory Capital Management Inc. now owns 68,737 shares of the scientific and technical instruments company’s stock worth $8,708,000 after buying an additional 36,414 shares in the last quarter. New York Life Investment Management LLC grew its holdings in shares of Allegion by 1.3% during the fourth quarter. New York Life Investment Management LLC now owns 12,919 shares of the scientific and technical instruments company’s stock valued at $1,637,000 after buying an additional 167 shares during the last quarter. Finally, Heritage Wealth Management LLC bought a new stake in shares of Allegion during the fourth quarter valued at approximately $369,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ALLE shares. Wells Fargo & Company upped their price objective on Allegion from $125.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Barclays upped their price target on Allegion from $112.00 to $117.00 and gave the company an “underweight” rating in a report on Thursday, July 25th. Finally, StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. One 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $125.40.

Allegion Price Performance

Shares of ALLE opened at $138.84 on Friday. The firm has a fifty day simple moving average of $127.22 and a two-hundred day simple moving average of $126.68. The firm has a market cap of $12.10 billion, a PE ratio of 22.65, a P/E/G ratio of 4.26 and a beta of 1.13. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40. Allegion plc has a 1-year low of $95.94 and a 1-year high of $141.99.

Allegion (NYSE:ALLE) last issued its quarterly earnings data 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. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The company had revenue of $965.60 million during the quarter, compared to analyst estimates of $953.63 million. During the same quarter in the previous year, the company posted $1.76 earnings per share. Allegion’s revenue was up 5.8% compared to the same quarter last year. On average, equities analysts anticipate that Allegion plc will post 7.26 EPS for the current 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.