Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Allegion plc (NYSE:ALLE - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 126,676 shares of the scientific and technical instruments company's stock after buying an additional 5,236 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.15% of Allegion worth $16,554,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its position in shares of Allegion by 0.4% in the third quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company's stock valued at $2,871,000 after acquiring an additional 77 shares in the last quarter. Douglass Winthrop Advisors LLC lifted its holdings in Allegion by 0.4% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company's stock valued at $2,911,000 after purchasing an additional 80 shares in the last quarter. Heritage Family Offices LLP boosted its stake in shares of Allegion by 3.2% during the 4th quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company's stock worth $346,000 after purchasing an additional 82 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Allegion by 23.2% during the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock worth $59,000 after buying an additional 85 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Allegion by 2.8% in the third quarter. Captrust Financial Advisors now owns 3,541 shares of the scientific and technical instruments company's stock valued at $516,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.
Allegion Trading Up 1.5 %
Shares of Allegion stock traded up $1.81 during trading hours on Friday, reaching $123.89. The stock had a trading volume of 273,677 shares, compared to its average volume of 807,236. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 3.97 and a beta of 1.01. The firm has a 50 day simple moving average of $127.79 and a two-hundred day simple moving average of $134.99.
Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.11. The firm had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. As a group, equities research analysts anticipate that Allegion plc will post 7.77 earnings per share for the current year.
Allegion Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.65%. Allegion's dividend payout ratio is presently 29.91%.
Insiders Place Their Bets
In other Allegion news, SVP David S. Ilardi sold 789 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction of $98,845.92. Following the completion of the sale, the senior vice president now owns 9,625 shares in the company, valued at $1,205,820. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total transaction of $257,535.68. Following the sale, the senior vice president now directly owns 10,273 shares in the company, valued at $1,302,000.02. This trade represents a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,224 shares of company stock worth $406,636 in the last 90 days. 0.33% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several analysts have commented on ALLE shares. Morgan Stanley lifted their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Robert W. Baird dropped their target price on Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Barclays decreased their price target on Allegion from $130.00 to $126.00 and set an "underweight" rating on the stock in a research note on Wednesday, March 26th. StockNews.com downgraded shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Wells Fargo & Company decreased their target price on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, Allegion has an average rating of "Hold" and a consensus price target of $137.67.
Check Out Our Latest Analysis on ALLE
Allegion Profile
(
Free Report)
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.
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