Allegion PLC (NYSE:ALLE) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 3,610,000 shares, a drop of 15.9% from the June 30th total of 4,290,000 shares. Currently, 3.9% of the company’s shares are sold short. Based on an average daily trading volume, of 735,900 shares, the short-interest ratio is presently 4.9 days.

NYSE:ALLE traded up $1.88 during trading hours on Friday, reaching $99.46. The stock had a trading volume of 896,527 shares, compared to its average volume of 666,860. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.47 and a current ratio of 2.11. The stock has a 50 day simple moving average of $102.57 and a 200 day simple moving average of $107.73. Allegion has a 12-month low of $77.37 and a 12-month high of $139.24. The stock has a market cap of $9.17 billion, a P/E ratio of 32.50, a price-to-earnings-growth ratio of 3.83 and a beta of 1.18.

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

ALLE has been the topic of a number of research analyst reports. Wells Fargo & Co raised their price target on Allegion from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Credit Suisse Group boosted their price target on Allegion from $96.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Imperial Capital reduced their target price on Allegion from $120.00 to $100.00 and set an “in-line” rating for the company in a research note on Monday, April 27th. Zacks Investment Research upgraded Allegion from a “sell” rating to a “hold” rating and set a $105.00 price target for the company in a research note on Friday, May 29th. Finally, Morgan Stanley upped their target price on Allegion from $95.00 to $103.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company. Allegion presently has an average rating of “Hold” and a consensus price target of $106.38.

A number of large investors have recently made changes to their positions in ALLE. Exchange Traded Concepts LLC raised its stake in Allegion by 843.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 387 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 346 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Allegion by 38.1% during the 1st quarter. Signaturefd LLC now owns 424 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 117 shares during the last quarter. TRUE Private Wealth Advisors boosted its holdings in shares of Allegion by 1,202.9% during the 2nd quarter. TRUE Private Wealth Advisors now owns 456 shares of the scientific and technical instruments company’s stock valued at $46,000 after purchasing an additional 421 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Allegion by 431.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 457 shares of the scientific and technical instruments company’s stock valued at $42,000 after acquiring an additional 371 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of Allegion in the 4th quarter valued at about $15,007,000. Institutional investors own 92.79% of the company’s stock.

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.

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