Allianz Asset Management GmbH purchased a new stake in shares of Allegion PLC (NYSE:ALLE) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,845 shares of the scientific and technical instruments company’s stock, valued at approximately $328,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALLE. Macquarie Group Ltd. bought a new stake in Allegion in the fourth quarter worth $111,000. Commerzbank Aktiengesellschaft FI bought a new stake in Allegion in the first quarter worth $205,000. FDx Advisors Inc. bought a new stake in Allegion in the first quarter worth $209,000. Claraphi Advisory Network LLC bought a new stake in Allegion in the first quarter worth $217,000. Finally, HighVista Strategies LLC boosted its holdings in Allegion by 17.9% in the first quarter. HighVista Strategies LLC now owns 4,600 shares of the scientific and technical instruments company’s stock worth $392,000 after acquiring an additional 700 shares in the last quarter. Institutional investors own 88.14% of the company’s stock.

Allegion opened at $82.57 on Tuesday, Marketbeat reports. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.24 and a current ratio of 1.80. Allegion PLC has a 12 month low of $73.85 and a 12 month high of $89.81. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.39 and a beta of 1.06.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, July 26th. The scientific and technical instruments company reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.05. Allegion had a return on equity of 91.38% and a net margin of 11.19%. The business had revenue of $704.70 million for the quarter, compared to the consensus estimate of $697.96 million. During the same period in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. research analysts predict that Allegion PLC will post 4.48 EPS for the current year.

Several equities research analysts have commented on the company. Zacks Investment Research downgraded Allegion from a “buy” rating to a “hold” rating in a report on Friday, July 20th. ValuEngine raised Allegion from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Wells Fargo & Co dropped their target price on Allegion from $100.00 to $96.00 and set an “outperform” rating on the stock in a report on Tuesday, July 17th. Finally, Berenberg Bank downgraded Allegion from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $93.40.

About Allegion

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

Featured Story: Outstanding Shares

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.