OLD Second National Bank of Aurora Lowers Holdings in Allegion PLC (NYSE:ALLE)

OLD Second National Bank of Aurora decreased its position in Allegion PLC (NYSE:ALLE) by 27.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 370 shares of the scientific and technical instruments company’s stock after selling 139 shares during the period. OLD Second National Bank of Aurora’s holdings in Allegion were worth $41,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC purchased a new stake in Allegion during the first quarter worth $26,000. Financial Gravity Wealth Inc. purchased a new stake in Allegion during the first quarter worth $56,000. Starr International Co. Inc. purchased a new stake in Allegion during the first quarter worth $126,000. Parallel Advisors LLC lifted its holdings in Allegion by 214.1% during the first quarter. Parallel Advisors LLC now owns 1,690 shares of the scientific and technical instruments company’s stock worth $153,000 after buying an additional 1,152 shares during the period. Finally, Baldwin Investment Management LLC purchased a new stake in Allegion during the first quarter worth $204,000. Hedge funds and other institutional investors own 93.40% of the company’s stock.

In other 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 completion of the sale, the senior vice president now owns 13,394 shares in the company, valued at approximately $1,398,869.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 of the company’s stock, valued at approximately $569,450.88. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by corporate insiders.

ALLE stock opened at $104.27 on Wednesday. The stock’s 50-day moving average price is $108.05. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.12 and a current ratio of 1.71. Allegion PLC has a 52-week low of $74.83 and a 52-week high of $111.99. The stock has a market cap of $9.83 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 1.89 and a beta of 1.18.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, July 25th. The scientific and technical instruments company reported $1.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.05). The company had revenue of $731.20 million during the quarter, compared to analysts’ expectations of $750.76 million. Allegion had a net margin of 15.65% and a return on equity of 68.47%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. On average, research analysts expect that Allegion PLC will post 4.85 EPS for the current year.

A number of analysts have weighed in on the company. Credit Suisse Group restated a “hold” rating on shares of FactSet Research Systems in a report on Monday, July 8th. Imperial Capital reduced their price target on Spirit Airlines from $78.00 to $64.00 and set an “outperform” rating on the stock in a research report on Tuesday. Bank of America set a $10.00 price target on HEXO and gave the stock a “buy” rating in a research report on Thursday, June 13th. Morgan Stanley set a $10.00 price target on Ford Motor and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, Barclays upped their target price on Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 9th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Allegion has an average rating of “Hold” and a consensus target price of $105.88.

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.

Recommended Story: What can cause a stock to outperform?

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.