Teacher Retirement System of Texas increased its position in shares of Allegion PLC (NYSE:ALLE) by 54.0% in the second quarter, HoldingsChannel.com reports. The firm owned 478,052 shares of the scientific and technical instruments company’s stock after acquiring an additional 167,674 shares during the quarter. Teacher Retirement System of Texas’ holdings in Allegion were worth $52,849,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ALLE. AKO Capital LLP raised its holdings in Allegion by 0.7% during the second quarter. AKO Capital LLP now owns 1,767,572 shares of the scientific and technical instruments company’s stock worth $195,405,000 after purchasing an additional 12,909 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in Allegion during the second quarter worth about $236,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Allegion by 8.0% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 7,320 shares of the scientific and technical instruments company’s stock worth $809,000 after buying an additional 542 shares during the period. GHP Investment Advisors Inc. acquired a new position in Allegion during the second quarter worth about $224,000. Finally, Comerica Bank acquired a new position in Allegion during the second quarter worth about $3,673,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

In related news, SVP Jeffrey N. Braun sold 6,218 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $104.44, for a total transaction of $649,407.92. Following the sale, the senior vice president now owns 13,394 shares in the company, valued at $1,398,869.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Douglas P. Ranck sold 3,036 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $104.64, for a total transaction of $317,687.04. Following the sale, the chief accounting officer now owns 5,442 shares in the company, valued at approximately $569,450.88. The disclosure for this sale can be found here. 0.77% of the stock is owned by corporate insiders.

Several research analysts have weighed in on ALLE shares. ValuEngine lowered shares of Allegion from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Credit Suisse Group lowered shares of Allegion from an “outperform” rating to a “neutral” rating and increased their price target for the company from $108.00 to $112.00 in a research report on Monday, July 8th. They noted that the move was a valuation call. Barclays increased their price target on shares of Allegion from $105.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Morgan Stanley set a $100.00 price target on shares of Allegion and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, Bank of America increased their price target on shares of Allegion from $114.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Allegion presently has an average rating of “Hold” and an average target price of $105.88.

Shares of ALLE stock traded up $0.57 during trading hours on Wednesday, hitting $95.57. The company’s stock had a trading volume of 288,216 shares, compared to its average volume of 891,445. The business has a fifty day moving average of $104.41 and a 200-day moving average of $98.05. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 1.69 and a beta of 1.15. Allegion PLC has a twelve month low of $74.83 and a twelve month high of $111.99. The company has a current ratio of 1.71, a quick ratio of 1.12 and a debt-to-equity ratio of 2.10.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Thursday, July 25th. The scientific and technical instruments company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.05). The business had revenue of $731.20 million during the quarter, compared to analyst estimates of $750.76 million. Allegion had a net margin of 15.65% and a return on equity of 68.47%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.19 earnings per share. On average, equities analysts expect that Allegion PLC will post 4.84 EPS for the current fiscal year.

About Allegion

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: 52-Week High/Low Prices For Stock Selection

Want to see what other hedge funds are holding ALLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allegion PLC (NYSE:ALLE).

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.