Lecap Asset Management Ltd. Takes Position in Allegion plc (NYSE:ALLE)

Lecap Asset Management Ltd. acquired a new stake in shares of Allegion plc (NYSE:ALLE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 12,965 shares of the scientific and technical instruments company’s stock, valued at approximately $1,532,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALLE. Stifel Financial Corp boosted its stake in Allegion by 4.1% in the fourth quarter. Stifel Financial Corp now owns 130,196 shares of the scientific and technical instruments company’s stock valued at $16,495,000 after acquiring an additional 5,133 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Allegion during the first quarter worth $2,271,000. BNP Paribas Financial Markets lifted its stake in shares of Allegion by 90.7% during the first quarter. BNP Paribas Financial Markets now owns 121,597 shares of the scientific and technical instruments company’s stock worth $16,380,000 after buying an additional 57,832 shares during the period. Morningstar Investment Services LLC lifted its stake in shares of Allegion by 107.6% during the fourth quarter. Morningstar Investment Services LLC now owns 218,489 shares of the scientific and technical instruments company’s stock worth $27,717,000 after buying an additional 113,227 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Allegion by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 850,987 shares of the scientific and technical instruments company’s stock worth $107,813,000 after buying an additional 19,981 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Allegion Trading Up 1.8 %

Shares of NYSE:ALLE traded up $2.32 during mid-day trading on Wednesday, reaching $134.53. 509,819 shares of the company were exchanged, compared to its average volume of 702,712. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.66 and a quick ratio of 1.23. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 4.08 and a beta of 1.13. The firm’s 50-day simple moving average is $124.36 and its 200 day simple moving average is $126.29. Allegion plc has a 1 year low of $95.94 and a 1 year high of $141.99.

Allegion (NYSE:ALLE) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. The company had revenue of $965.60 million for the quarter, compared to analyst estimates of $953.63 million. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.76 EPS. Equities research analysts forecast that Allegion plc will post 7.22 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on ALLE. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Wells Fargo & Company raised their target price on shares of Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Finally, Barclays lifted their price objective on shares of Allegion from $112.00 to $117.00 and gave the company an “underweight” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $125.40.

Insider Activity

In other news, SVP Tracy L. Kemp sold 2,194 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $121.98, for a total value of $267,624.12. Following the sale, the senior vice president now directly owns 11,103 shares in the company, valued at approximately $1,354,343.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.33% of the company’s stock.

About Allegion

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.