Nissay Asset Management Corp Japan ADV Acquires 484 Shares of Allegion PLC (NYSE:ALLE)

Nissay Asset Management Corp Japan ADV lifted its holdings in Allegion PLC (NYSE:ALLE) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,728 shares of the scientific and technical instruments company’s stock after purchasing an additional 484 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Allegion were worth $1,097,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC raised its position in Allegion by 843.9% during the first quarter. Exchange Traded Concepts LLC now owns 387 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 346 shares in the last quarter. Signaturefd LLC raised its position in Allegion by 38.1% during the first quarter. Signaturefd LLC now owns 424 shares of the scientific and technical instruments company’s stock worth $39,000 after acquiring an additional 117 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Allegion by 431.4% during the first quarter. Tower Research Capital LLC TRC now owns 457 shares of the scientific and technical instruments company’s stock worth $42,000 after acquiring an additional 371 shares in the last quarter. TRUE Private Wealth Advisors raised its position in Allegion by 1,202.9% during the second quarter. TRUE Private Wealth Advisors now owns 456 shares of the scientific and technical instruments company’s stock worth $46,000 after acquiring an additional 421 shares in the last quarter. Finally, Ellevest Inc. raised its position in Allegion by 72.4% during the second quarter. Ellevest Inc. now owns 586 shares of the scientific and technical instruments company’s stock worth $60,000 after acquiring an additional 246 shares in the last quarter. 92.79% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on ALLE shares. Zacks Investment Research raised shares of Allegion from a “sell” rating to a “hold” rating and set a $105.00 price objective on the stock in a research report on Friday, May 29th. Morgan Stanley increased their price objective on shares of Allegion from $95.00 to $103.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Barclays lowered shares of Allegion from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $105.00 to $97.00 in a research report on Thursday, May 21st. Credit Suisse Group increased their price objective on shares of Allegion from $96.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Finally, Robert W. Baird increased their price objective on shares of Allegion from $85.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. Allegion presently has an average rating of “Hold” and an average price target of $106.38.

Shares of Allegion stock opened at $99.46 on Friday. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 3.83 and a beta of 1.18. The company has a quick ratio of 1.47, a current ratio of 2.11 and a debt-to-equity ratio of 2.10. Allegion PLC has a 12-month low of $77.37 and a 12-month high of $139.24. The firm’s 50-day moving average price is $102.57 and its two-hundred day moving average price is $107.73.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. The firm had revenue of $589.50 million for the quarter, compared to the consensus estimate of $605.87 million. Allegion had a net margin of 10.48% and a return on equity of 64.29%. The business’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. On average, sell-side analysts expect that Allegion PLC will post 4.26 earnings per share for the current year.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile access control systems; exit devices; locks, locksets, portable locks, and key systems; time, attendance, and workforce productivity systems; and other accessories.

Read More: How interest rates affect municipal bond prices

Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

Receive News & Ratings for Allegion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion and related companies with MarketBeat.com's FREE daily email newsletter.