Allegion PLC (ALLE) Shares Bought by Barings LLC
Barings LLC grew its holdings in shares of Allegion PLC (NYSE:ALLE) by 24.4% in the 4th quarter, HoldingsChannel reports. The fund owned 71,675 shares of the scientific and technical instruments company’s stock after buying an additional 14,042 shares during the period. Barings LLC’s holdings in Allegion were worth $5,702,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of ALLE. QS Investors LLC raised its stake in Allegion by 1.2% during the second quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock worth $106,000 after acquiring an additional 16 shares in the last quarter. Whittier Trust Co. raised its stake in Allegion by 94.2% during the third quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock worth $107,000 after acquiring an additional 600 shares in the last quarter. YorkBridge Wealth Partners LLC acquired a new position in shares of Allegion in the third quarter valued at approximately $107,000. Zions Bancorporation increased its stake in shares of Allegion by 141.9% in the third quarter. Zions Bancorporation now owns 1,587 shares of the scientific and technical instruments company’s stock valued at $137,000 after buying an additional 931 shares during the period. Finally, Pineno Levin & Ford Asset Management Inc. acquired a new position in shares of Allegion in the fourth quarter valued at approximately $210,000. 89.78% of the stock is owned by hedge funds and other institutional investors.
Allegion PLC (NYSE ALLE) opened at $79.97 on Thursday. Allegion PLC has a 52 week low of $70.84 and a 52 week high of $89.81. The company has a quick ratio of 1.54, a current ratio of 2.14 and a debt-to-equity ratio of 3.79. The stock has a market capitalization of $7,570.15, a P/E ratio of 22.72, a PEG ratio of 1.34 and a beta of 1.10.
Several research firms have recently issued reports on ALLE. Barclays began coverage on Allegion in a research note on Thursday. They issued an “overweight” rating for the company. Zacks Investment Research downgraded Allegion from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Wolfe Research raised Allegion from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. BidaskClub downgraded Allegion from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Allegion in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Allegion currently has an average rating of “Buy” and an average target price of $89.75.
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Allegion Company Profile
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.
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