Stock Worth Watching: Allegion PLC (NYSE:ALLE) Q2 2016 Institutional Investor Sentiment Steady

November 29, 2016 - By Marie Mckinney   ·   0 Comments

Stock Worth Watching: Allegion PLC (NYSE:ALLE)  Q2 2016 Institutional Investor Sentiment Steady

Sentiment for Allegion PLC (NYSE:ALLE)

Allegion PLC (NYSE:ALLE) institutional sentiment increased to 1.09 in Q2 2016. Its up 0.35, from 0.74 in 2016Q1. The ratio is positive, as 127 investment managers started new or increased holdings, while 172 decreased and sold their holdings in Allegion PLC. The investment managers in our partner’s database reported: 83.07 million shares, down from 83.55 million shares in 2016Q1. Also, the number of investment managers holding Allegion PLC in their top 10 holdings increased from 3 to 4 for an increase of 1. Sold All: 42 Reduced: 130 Increased: 99 New Position: 28.

Allegion Public Limited Company is a well-known provider of security products and solutions. The company has a market cap of $6.44 billion. The Firm offers a portfolio of mechanical and electronic security products across a range of brands. It has a 28.93 P/E ratio. It operates through three divisions: Americas; Europe, the Middle East, India and Africa , and Asia Pacific.

About 148,120 shares traded hands. Allegion PLC (NYSE:ALLE) has risen 2.63% since April 26, 2016 and is uptrending. It has underperformed by 2.63% the S&P500.

Analysts await Allegion PLC (NYSE:ALLE) to report earnings on February, 9. They expect $0.87 earnings per share, down 2.25% or $0.02 from last year’s $0.89 per share. ALLE’s profit will be $82.92 million for 19.42 P/E if the $0.87 EPS becomes a reality. After $0.93 actual earnings per share reported by Allegion PLC for the previous quarter, Wall Street now forecasts -6.45% negative EPS growth.

According to Zacks Investment Research, “Allegion PLC operates as a provider of security solutions for homes and businesses. It specializes in security around the doorway and beyond: everything from residential and commercial locks, door closers and exit devices, steel doors and frames, to access control and workforce productivity systems. The Company serves commercial, institutional and residential customers in the Americas, Europe, the Middle East, India, Africa, and the Asia Pacific. Its portfolio includes strategic brands CISA(R), Interflex(R), LCN(R), Schlage(R) and Von Duprin(R); and other brands including aptiQ(R), Briton(TM), Bricard(R), Dalco(TM), Dexter by Schlage(R), Falcon(R), Fusion Hardware Group(TM), Glynn-Johnson(R), ITO Kilit(TM), Ives(R), Kryptonite(R), Legge(R), Martin Roberts(TM), Normbau(TM), Randi(TM), Steelcraft(R), XceedID(R). Allegion PLC is based in Dublin, Ireland.”

Crestwood Capital Management L.P. holds 5.91% of its portfolio in Allegion PLC for 339,200 shares. Falcon Edge Capital Lp owns 727,344 shares or 3.7% of their US portfolio. Moreover, Blue Ridge Capital L.L.C. has 2.06% invested in the company for 2.30 million shares. The New York-based Valinor Management L.P. has invested 2.06% in the stock. Raveneur Investment Group Lp, a New York-based fund reported 100,877 shares.#img1#

Allegion PLC (NYSE:ALLE) Ratings Coverage

Ratings analysis reveals 100% of Allegion PLC’s analysts are positive. Out of 9 Wall Street analysts rating Allegion PLC, 9 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $65 while the high is $79. The stock’s average target of $71.80 is 6.28% above today’s ($67.56) share price. ALLE was included in 16 notes of analysts from August 3, 2015. CLSA upgraded Allegion PLC (NYSE:ALLE) on Friday, February 12 to “Buy” rating. As per Wednesday, September 9, the company rating was initiated by Wells Fargo. Imperial Capital upgraded the shares of ALLE in a report on Tuesday, November 1 to “Outperform” rating. The rating was upgraded by Imperial Capital to “Outperform” on Thursday, January 14. The rating was initiated by Berenberg on Thursday, October 6 with “Buy”. Bernstein upgraded Allegion PLC (NYSE:ALLE) rating on Tuesday, January 19. Bernstein has “Outperform” rating and $70 price target. The firm has “Buy” rating given on Friday, June 10 by Goldman Sachs. As per Friday, February 12, the company rating was upgraded by Credit Agricole. The rating was initiated by Bank of America on Wednesday, November 18 with “Buy”. As per Wednesday, September 23, the company rating was initiated by Credit Suisse.

ALLE Company Profile

Allegion Public Limited Company, incorporated on May 9, 2013, is a well-known provider of security products and solutions. The Firm offers a portfolio of mechanical and electronic security products across a range of brands. The Firm operates through three divisions: Americas; Europe, the Middle East, India and Africa (EMEIA), and Asia Pacific. The Company’s products include door closers and controls, electronic security products, exit devices, time, attendance and workforce productivity systems, door and door frames (steel), electronic and biometric access control systems, locks, locksets and key systems, and other accessories. The Firm sells its products and solutions under the brands, including CISA, AXA, Briton, Falcon, LCN, Interflex, Von Duprin, Schlage, Milre, PegaSys, SimonsVoss, aptiQ, IVES and Brio. It sells a range of security products and solutions for end users in commercial, institutional and residential facilities around the world, including into the education, healthcare, government, hospitality, commercial office, and single and multi-family residential markets.

More news for Allegion PLC (NYSE:ALLE) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on December 04, 2013. Seekingalpha.com‘s article titled: “Allegion Plc (ALLE) Dave Petratis on Q3 2016 Results – Earnings Call Transcript” and published on October 30, 2016 is yet another important article.

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By Marie Mckinney

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