Cerity Partners LLC grew its stake in Allegion plc (NYSE:ALLE - Free Report) by 39.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,432 shares of the scientific and technical instruments company's stock after purchasing an additional 7,529 shares during the quarter. Cerity Partners LLC's holdings in Allegion were worth $3,492,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of ALLE. Vanguard Group Inc. boosted its holdings in shares of Allegion by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company's stock worth $1,400,688,000 after acquiring an additional 177,808 shares during the period. Boston Partners grew its holdings in Allegion by 11.6% in the 4th quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company's stock valued at $616,503,000 after buying an additional 488,390 shares in the last quarter. Van ECK Associates Corp grew its holdings in Allegion by 8.1% in the 4th quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company's stock valued at $449,033,000 after buying an additional 257,175 shares in the last quarter. Geode Capital Management LLC increased its position in Allegion by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 2,152,831 shares of the scientific and technical instruments company's stock worth $280,607,000 after buying an additional 41,417 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Allegion by 5.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,010,472 shares of the scientific and technical instruments company's stock worth $262,728,000 after purchasing an additional 105,840 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.
Insiders Place Their Bets
In other Allegion news, Director Gregg C. Sengstack purchased 8,000 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were purchased at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the acquisition, the director now owns 8,000 shares of the company's stock, valued at approximately $1,001,920. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the sale, the senior vice president now owns 10,273 shares of the company's stock, valued at $1,302,000.02. This represents a 16.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is currently owned by insiders.
Analyst Ratings Changes
ALLE has been the topic of a number of analyst reports. Barclays reduced their price target on Allegion from $130.00 to $126.00 and set an "underweight" rating on the stock in a research report on Wednesday, March 26th. Robert W. Baird dropped their price target on Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Morgan Stanley lifted their price objective on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. StockNews.com cut Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Wells Fargo & Company decreased their price target on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat, Allegion presently has a consensus rating of "Hold" and an average target price of $137.67.
Check Out Our Latest Analysis on Allegion
Allegion Trading Up 0.5 %
Allegion stock traded up $0.67 during trading hours on Tuesday, hitting $126.96. The stock had a trading volume of 753,390 shares, compared to its average volume of 813,611. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 3.97 and a beta of 1.01. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. The business's 50 day simple moving average is $127.66 and its 200-day simple moving average is $134.68. Allegion plc has a one year low of $113.27 and a one year high of $156.10.
Allegion (NYSE:ALLE - Get Free Report) last released 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 net margin of 15.84% and a return on equity of 45.12%. On average, equities analysts predict that Allegion plc will post 7.77 EPS for the current fiscal year.
Allegion Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, June 13th. Allegion's dividend payout ratio is presently 29.91%.
About Allegion
(
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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